Careem investments in Egypt reach USD 10 mn

Ride-hailing app Careem invested USD 10 mn in Egypt since it opened shop here, Careem Egypt COO Ramy Kato says, according to Al Borsa. Careem Egypt is also studying investment opportunities in e-commerce. Careem invested USD 500k earlier this month in Swvl, a three-month-old Egyptian bus transportation service.