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AI + Innovation (MENA) 
Infrastructure 
Swvl valued at USD 100 mn?
INVESTMENT WATCH- Swvl valued at USD 100 mn in series ‘B’ funding round? Mass transit app Swvl raised “tens of…
Tech
Facebook appoints Ramez Shehadi as its MENA managing director
MOVES- Facebook has announced it had tapped veteran Booz management consultant Ramez Shehadi (LinkedIn) as its new managing director for…
Algebra Ventures joins USD 16 mn series ‘C’ funding for the UAE’s HolidayMe
INVESTMENT WATCH- Algebra Ventures joins USD 16 mn series ‘C’ funding for the UAE’s HolidayMe: Our friends at Algebra Ventures…
What we’re tracking this week and beyond
SWF bylaws and articles coming soon: Officials will meet on Thursday to look into the “nearly complete” bylaws and articles…
Ride-Hailing Apps Act exec regs out soon
LEGISLATION WATCH- Executive regulations for the Ride Hailing Apps Act will be ready before year-end, Mohamed Hegazy, the head of…
Careem in talks with adviser on potential Uber merger
M&A WATCH- Uber, Careem merger talks appear to be in advanced stages despite Egyptian Competition Authority warning: Dubai-based ride-hailing operator…
USAID launches Egypt’s first Women Entrepreneurs Network
USAID launches network to support women entrepreneurs in Egypt: USAID launched yesterday the Women Entrepreneurs Network (WEN) to provide financial…
CBE plans to increase electronic POS around Egypt to 1 mn from 72.5k by 2021
The Central Bank of Egypt plans to increase the number of electronic points of sale around the country to one…
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