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SFD to finance ValU-Swvl installment plan cooperation
The Saudi Finance Fund (SFD) will finance an agreement between mass transit app Swvl and EFG Hermes’ valU that will…
Careem to launch bus service across Egypt governorates in six months
Ride-hailing company Careem will expand its bus service, which it launched last week in Cairo, to other governorates in six…
Uber’s founding CTO Oscar Salazar invests in Halan and joins its board
Uber’s founding Chief Technology Officer (CTO) Oscar Salazar has joined the board of Egyptian tuk-tuk and motorcycle ride-hailing app Halan,…
Cisco eager to grow and invest in Egypt, CEO tells El Sisi
American hardware giant Cisco Systems is eager to expand its presence and invest in Egypt, as well as cooperate with…
IFC says invested USD 1 mn in Vezeeta in September fundraising round
INVESTMENT WATCH- The International Finance Corporation invested USD 1 mn in Vezeeta as a follow-on investment to a September series…
Egypt’s Nawah Scientific raises USD 1 mn pre-series ‘A’ round
INVESTMENT WATCH- Cairo-based Nawah Scientific has raised USD 1 mn in a pre-series ‘A’ funding round, Menabytes reports. The round…
Why 2019 could be good for EM — but bad for developed markets
US stock indexes fell more than 4% last week as “investors’ retreat from US stocks turned into another rout on…
Egypt’s parliament wants to participate in drafting Ride Hailing Apps Act
The House of Representatives’ Transportation Committee is looking to have parliament take part in drafting the Ride Hailing Apps Act’s…
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