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What we’re tracking on 17 November 2020
Good morning, friends. You know the end of the year is upon us when (a) Gourmet starts playing Christmas muzak,…
Logistics
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Trucking logistics startup Illa raises USD six-figure seed round
STARTUP WATCH- Cairo-based FMCG trucking startup Illa has raised a USD six-figure investment in a seed funding round from Averroes…
Delivery service OTO expands into Egypt
STARTUP WATCH- US-based delivery service OTO has expanded its operations to Egypt, Saudi Arabia, UAE, Kuwait, Bahrain, and Oman looking…
Egyptian startup Fatura to add e-payments, aims to scale in early 2021
STARTUP WATCH- Fatura to add e-payments, aims to scale in early 2021: B2B e-commerce platform Fatura is in talks with…
SCZone investor incentives could be ready by next month
LEGISLATION WATCH- SCZone investment incentives could be ready by next month: A package of economic and regulatory incentives being prepared…
Egyptian delivery app Dreevo secures six-figure USD pre-seed investment
STARTUP WATCH- Egyptian delivery startup Dreevo has secured a six-figure USD pre-seed investment from EF Logistics, allowing it to launch…
Egypt’s Gourmet adopts Norma AI software to optimize delivery, logistics
Gourmet is streamlining its delivery services and restocking logistics with Norma, an AI solution by SoftecTechnologies, the upmarket grocery store…
Three state-owned companies eye USD 200 mn Damietta Dry Port
A consortium of three state-owned entities has expressed interest in building the USD 200 mn Damietta Dry Port, reports Al…
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