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Logistics (MENA) 
Is ADQ about to snap up a stake in Elab?
Elab could reportedly see a stake sale before the end of May
Meet our founder of the week: Lama El Khawanky, cofounder of Up-Fuse
Up-Fuse upcycles plastic bags, bottles and tires into everyday products
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
Khazna Data Centers + Benya to build USD 250 mn hyperscale data center in Cairo
The facility will have an initial 25 MW capacity, which could be doubled at a later stage
Egypt Education Platform + Modon to launch new school in Alex in 2025. PLUS: News from Banque Misr, MaxAB, Kandil Steel, Qardy, NOSCO, Mastercard and Skoda
Construction on the school will start next year.
Cost of flying is rising faster than inflation + Say hello to Siri’s sister-in-law
The rising cost of flying is a result of pent up demand as well as rising fuel prices and supply…
Proparco commits USD 5 mn to Disruptech. PLUS: Cairo hosts counterterror forum.
Disruptech has so far invested 40% of its capital in tech startups
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