Connect with us
Swvl, an Egyptian ridesharing company, has seen a significant decline in value due to financial struggles, resulting in a 99% drop in stock price year-to-date (YTD),...
The shared mobility market in the MENA region is set to expand with a compound annual growth rate of 18.4% from 2022 to 2030 as the...
Swvl Mass transit solutions provider will reduce its headcount by approximately 32% “400 employees” to cut central costs and enhance efficiency. This decision means that over...
Bahrain-based CoinMENA has raised $9.5M in its first seed funding round led by BECO Capital, Kenetic, Arab Bank Switzerland, Bunat Ventures, Alameda Research, Rua Growth Fund,...
Swvl, an Egypt-based app for booking buses, has raised $42 million as it plans to expand into other African markets, including Nigeria. The two-year-old startup, which...
The Egyptian social media circus is in full power since last week. It all started when few Swvl employees accused their employer of terminating their contracts...
2018 was an amazing year for the entrepreneurship ecosystem in Egypt. As 80 startups raised investment, positioning Egypt among the most growing in the region. According...
With over 3-million rides in one year, the on-demand ride hailing app for Tuk-tuk and motorcycle, Halan has dominated the unserved communities across Egypt. Covering different governorates...
Entrepreneurial spirit is still alive and well in Egypt, as Careem invests $500,000 stake in former employee’s transportation startup SWVL. Mostafa Kandil, former employee of Careem,...