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Cairo-based e- commerce Gahez secures $2M in Pre-Seed

Egypt’s Gahez Market secures US $2M in pre-seed

Cairo-based Gahez Market, a B2B E-commerce startup, has secured US $2M in its pre-seed round. Disruptech Ventures led the funding round; other investors also participated, Egypt Ventures and Tanmeyah (an EFG Hermes company). Besides...
Vodacom buys 55% stake in Vodafone Egypt

Vodacom buys 55% stake in Vodafone Egypt

South Africa's Vodacom Group Limited has agreed to buy 55% stake in Vodafone Egypt. The deal captures growth in a fast-growing information communications and technology market. Vodacom operates in 7 countries including South Africa, Tanzania,...
OPEC Fund extends $50m for poverty reduction in Tanzania

OPEC Fund extends $50m for poverty reduction in Tanzania

The OPEC Fund for International Development (the OPEC Fund) has signed a US$50 million loan with Tanzania to finance the ‘Fourth Tanzania Poverty Reduction Project.’  The project will build rural infrastructure to boost economic opportunities...
Egyptian Transportation Startup 'SWVL' Raises $42 Million for African Expansion

Egyptian Transportation Startup ‘Swvl’ Raises $42 Million for African Expansion

Swvl, Egypt-based app for booking buses has raised $42 million as it plans to expand into other markets in Africa, including Nigeria. The two-year-old startup, which started in Cairo and also operates in Alexandria and...
Coca-Cola's Song For Egypt National Football Team Amid CAN 2017, Ad of the day: Coca Cola New Song For Egypt's National Team

Coca-Cola’s Song For Egypt National Football Team Amid CAN 2017

Coca Cola calls up players' names for the national team and the final say is for Hector Cuper. The song was crafted creatively as no mention to certain players who have sponsorship contracts with other companies –...