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With a long road to profitability, a rethink of the traditional ride-hailing business model is in order
The ride-hailing business model has been more bust than boom — and homegrown Swvl’s operational pivot is proof: Earlier this…
Swvl to sell USD 20 mn in fresh stock via private placement
Cairo-born mass transport app Swvl has agreed to sell new shares to an institutional investor, giving it an important cash…
Swvl has terminated its acquisition of UK-based Zeelo due to “market volatility”
Swvl’s acquisition of UK-based smart bus platform Zeelo is off: Cairo-born mass transport app Swvl will not be acquiring UK…
Swvl losses to almost double this year
Swvl expects losses to almost double this year: Cairo-born mass transport app Swvl is expecting its losses to widen to…
Swvl suspends service in Alexandria
Bye, Alexandria: Cairo-born mass transport app Swvl has suspended all its routes within the city of Alexandria as part of…
Egypt in the News: El Sisi, Scholz talk energy and climate
ُEl Sisi’s meeting with German Chancellor Olaf Scholz is leading the conversation on Egypt in the foreign press this morning:…
Swvl is entering Mexico with another acquisition
Swvl expands to Mexico with fourth acquisition of 2022: Cairo-born mass transport app Swvl is continuing its buying spree with…
Could this be the end of SPACs?
Could this be the end of SPACs? After a pandemic-driven frenzy in companies going public through special purpose acquisition companies…
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