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MaxAB acquires Moroccan startup WaystoCap
Cairo-based B2B food and grocery startup MaxAB has acquired Moroccan ecommerce and logistics platform WaystoCap for an undisclosed amount, following…
UAE national company lands dredging contract for Damietta port
Some things we’re keeping an eye on this morning: The UAE’s National Marine Dredging Company has been awarded a AED…
More startup news than you can shake a stick at
Transport startup Schoolz has closed a six-figure USD pre-seed round from angel investors in Egypt and Saudi Arabia, the company…
Jumia to hire 100+ workers for new Cairo tech hub
Jumia will hire more than 100 workers at its new Cairo tech hub as part of the Africa-focused e-commerce giant’s…
B2B e-commerce is still hot, with Teegara being the latest funding recipient
E-commerce startup Teegara closed a five-figure pre-seed round led by AlexandriaAngels Network, and angel investors from KSA, Egypt and the…
EM stocks give up 2021 gains on China fears
EM stocks give up 2021 gains on China fears: The MSCI Emerging Markets Index fell 2.4% on Monday, erasing 2021…
Bosta plans to land in Saudi Arabia by early next year
Egyptian courier startup Bosta plans to enter the Saudi market by early 2022, as part of the company’s plans to…
Bye bye Souq, hello Amazon.eg
Amazon will be launching Amazon.eg later this year, ultimately replacing Souq as its Egypt selling platform, the company announced in…
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