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THIS EVENING: Is Swvl considering acquisition offers? Plus: Leaked US military files prompt internal reviews
Good afternoon, ladies and gentlemen, and welcome to hump day. We’re halfway through the week and are very much looking…
Volt Lines confirms Swvl breakup + Reverse stock split boosts Swvl share price
Volt Lines confirms Swvl breakup: Turkish mobility business Volt Lines’ management team is back in the driver’s seat after taking…
Swvl hit with a second Nasdaq delisting notice, will unwind Volt Lines acquisition
The company has traded below USD 1.00 a share since mid-September
More Swvl layoffs as company continues quest to turn cashflow positive
Swvl hands out more pink slips: Cairo-born mass transport app Swvl carried out a second wave of layoffs, Bloomberg Asharq…
Exile on Wall Street?
Swvl gets a first warning from Nasdaq over its low share price: Cairo-born ride-hailing startup Swvl has received a notice…
Another electric train project + Swvl says anticipated turn to black will save it from Nasdaq delisting
PPP electric train to connect ports: The National Authority for Tunnels, El Didi Group and Gama Construction signed an MoU…
VC funding for Egyptian startups is drying up
VC funding for startups dipped over the summer from the steady stream that has been typical of Planet Startup in…
Earnings Watch: EFG Hermes, Palm Hills, Swvl
EFG Hermes’ net income after tax and minority interest eased 15% y-o-y to EGP 344 mn in 2Q 2022 on…
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