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Khazenly gets the bag along with regtech startup Valify
B2B logistics firm Khazenly has closed a USD 2.5 mn seed round led by ArzanVenture Capital and Shorooq Partners with…
Raya finalizes Ostool sale
Raya Holding is close to selling its 62.3% stake in freight subsidiary Ostool to Paradigm Logistics for EGP 266.6 mn,…
Logistics startup Mylerz plans Egypt + Africa expansion after raising USD 9.6 mn in funding
Cairo-based logistics startup Mylerz has raised USD 9.6 mn in equity funding from private equity outfit Lorax Capital Partners, the…
European consortium to build USD 500 mn terminal at Damietta Port
A consortium of European terminal logistics firms will invest USD 500 mn to build a new container terminal at Damietta…
Tourism ministry campaign gets traction, companies do good during Ramadan
The new national tourism campaign #FollowTheSun is generating results: In the two weeks after its mid-March release, the campaign has…
CMA CGM eyes investment in Ain Sokhna port
French shipping company CMA CGM is reportedly looking into making an undisclosed investment in the Ain Sokhna port, Al Mal…
Disruptech’s final USD 25 mn close due next week + Bosta enters KSA
Fintech fund DisrupTech Ventures is expecting to reach the USD 25 mn final close of its fund next week, Managing…
Logistics startup Naqla raises USD 10.5 mn in pre-series A funding
Trucking startup Naqla has raised USD 10.5 mn in a pre-series A round led by El Sewedy Capital Holding, Hassan…
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