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THIS MORNING: “Food shock” and an “economic hurricane”: Just another week in 2022
Well, friends, we’ve made it through another workweek together. We’re capping the week with a pile of news covering everything…
Faster EV transition: An unexpected upside of war + A tight labor market is pushing more factory automation
How the war in Ukraine could help speed up the transition to electric vehicles: A cheap component that bundles car…
Earnings Watch: E-Finance, Palm Hills
E-Finance’s net income soared 41% y-o-y in 1Q2022 to EGP 200.3 mn, according to the company’s earnings release (pdf). Revenues…
Appetito acquires Tunisian e-grocer Lamma
Cairo-based grocery delivery startup Appetito has acquired Tunisian startup Lamma for an undisclosed sum, it said in a press release…
Meet our founder of the week: Direxiona’s Nayrouz Talaat
OUR FOUNDER OF THE WEEK- Nayrouz Talaat, founder and CEO of Direxiona (LinkedIn). My name is Nayrouz Talaat, and I’m…
Cairo Angels Syndicate Fund invests in Africa-focused fintech
Cairo Angels Syndicate Fund (CASF) is making a USD six-figure investment in Africa-focused fintech startup Finclusion Group, which uses AI…
Swvl slashes headcount as startups around the world gird for nuclear winter
Swvl cuts headcount by a third: Nasdaq-listed mass transport startup Swvl is laying off 32% of its staff in a…
Last Night’s Talk Shows: ADQ industrial investment + high-speed rail lead the conversation on the airwaves
Leading the airwaves yesterday: A new industrial partnership between Egypt, UAE and Jordan that would see Abu Dhabi Wealth Fund…
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