Egypt Edition 
MENA+ Edition 
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AI + Innovation (MENA) 
Infrastructure 
Balad closes seven-figure USD pre-seed round led by Acasia Ventures
The round will fund Balad’s expansion including a new remittance platform and headcount increase.
Orascom Investment Holding becomes strategic investor in light EV company BluEV
BluEV operates a network of battery-swapping stations for light electric vehicles
Proparco commits USD 5 mn to Disruptech. PLUS: Cairo hosts counterterror forum.
Disruptech has so far invested 40% of its capital in tech startups
Nigeria’s Autochek acquires majority stake in local startup AutoTager
This is Autochek’s sixth acquisition in the past two years and second in North Africa
Trella exits Pakistan
EFG Hermes, IDH, Careem and Swvl have all closed their doors in Pakistan amid the country’s economic crisis
Swvl CFO Youssef Salem resigns + Mohamed Ayad appointed chairman at Prime Holding
Abdullah Mansour appointed interim CFO at Swvl
New investment offers could throw Swvl a lifeline after delisting warnings
The company has lost more than 99% of its value
Acasia Ventures invests in Nigerian delivery startup
This is Acasia’s second investment this month
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