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Algebra ventures co-leads USD 800k seed funding round for Brimore
Our friends at Algebra Ventures have co-led a USD 800k seed round for direct-selling company Brimore in partnership with Endure…
Sawiris looks to acquire license for SME-focused bank in Egypt
Hope springs eternal: Naguib Sawiris would like to set up an SME-focused financial institution once the Central Bank of Egypt…
First edition of Startupbootcamp-Pride accelerator kicks off
First edition of Startupbootcamp-Pride accelerator kicks off: Pharos’ Pride Capital and global seed program organizer Startupbootcamp launched yesterday the first…
Swvl increases local operations, expands to Kenya
Mass transit app Swvl has increased its operational lines in Cairo, Giza and Alexandria, now servicing more than 650 routes…
Drone deliveries may soon become reality (but not if you live in the city)
Drone deliveries may soon become reality (but not if you live in the city): Ecommerce companies are looking to the…
ECA launches poll to assess effects of Uber, Careem acquisition agreement
Competition authority launches polls on Uber-Careem tie-up: The Egyptian Competition Authority (ECA) has launched two opinion polls for drivers and…
E-finance to increase capital ahead of planned IPO
State-run electronic payments company e-finance will increase its capital to EGP 1.5 bn ahead of its planned IPO this year,…
Balances in e-wallets to become interest bearing?
The Central Bank of Egypt (CBE) is mulling whether interest should be paid on funds left in e-wallets to give…
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