Ride-hailing and delivery company, Uber, has launched its intercity bus service in Egypt, with the main goal of increasing the accessibility of cities. Egypt is the first country globally to have this service. Uber said in a statement, “Built locally, the company chooses Egypt once again to be the first ...
MoneyFellows, an Egyptian fintech platform has secured $4 million in Series A investment in a move to help millions of new users reach their financial goals in Egypt and across Africa. MoneyFellows, a financial enabler that digitizes money circles allows users to more effectively manage and fulfill their financial needs., ...
Tamatem, the Arab world's mobile games publisher, has raised a $3.5M Series A follow-on round to double down on the MENA region as well expand to underserved markets worldwide. Tamatem's $3.5M round was led by existing investor Wamda Capital, with participation from Modern Electronics Company (a subsidiary of AlFaisaliah Group) ...
UAE's cab hailing startup Mondo Ride, which launched in Kenya in 2016 to take on Uber, Maramoja Transport has raised $2 million in funding today to bring to $5 million its total funds raised as the firm struggles to beat Taxify, Little and Uber in Kenya's aggressive taxi market. Since its ...
Flat6Labs, a startup accelerator and seed investor with an aim to accelerate more than 100 Egyptian early stage startups and 300 entrepreneurs over the span of the next five years, has graduated 7 innovative startups on its 9th demo day. The fund which operates in Egypt provides startups with up ...
The founders of Bitcoin Egypt said that the first bitcoin exchange will go live later this month in Egypt thus connecting the Middle East's most populous country with a cryptocurrency that has surged in value in recent months. Egypt, most of whose 93 million people have no bank accounts but ...
MENA'S Flat6Labs has closed EGP100m Cairo fund to support over 100 Egyptian early stage-startups over the upcoming five years by providing seed funding of up to EGP 1mn per startup, training, mentorship and a suite of services allowing Egyptian startups to reach their customer base and scale their operations locally ...
Payments technology firm Mastercard has partnered with Egypt's smart payment solutions provider Bee to expand mobile wallets payments options across the country. Bee allows mobile wallet users to pay directly through the application and avail payments to more than 25 billers electronically simply by using their wallets supported by Bee ...
Booking.com, the global online accommodation reservation engine run by the Priceline Group is growing steadily in Africa with over 23,700 unique stays despite travel advisories and the continent's reliance on seasonal wildlife tourism. According to Joost Vermeulen, Regional Manager Middle East & Africa, Booking.com, "We’re pleased with the growth that ...
Vezeeta, Egypt's healthcare IT platform allowing automated physician, clinic and hospital bookings, has raised $5 million to expand across the MENA region. The funding round was led by UAE’s BECO Capital, Sweden’s Vostok New Ventures, Jordan’s Silicon Badia and Egypt’s Technology Development Fund (TDF) marking a key economic milestone in ...
Careem, the ride-hailing service in the Middle East and North Africa has raised $500 million, of which $350 million is co-led by Rakuten and Saudi Telecom Company (“STC”), the largest telecom operator in the Middle East with participation from the Abraaj Group, Al Tayyar Group, Beco Capital, El Sewedy Investments, ...
The International Finance Corporation (IFC), a member of the World Bank Group, has pledged up to $2 billion to Egypt in new investments over the next three years, underlining its support for the country's private sector. IFC Executive Vice President and Chief Executive Officer Philippe Le Houérou signed a new ...
Flat6Labs in cooperation with Barclays Bank Egypt recently launched 1864 Accelerator Programme in a move to to qualify a new generation of entrepreneurs in Egypt through the adoption of creative ideas that can open up new opportunities in financial technology. Soha El Turky, Business Development Director at Barclays Bank ...
China-based Oppo Electronics is set to invest US$13 million into Egypt's smartphone market, hire 1000 Egyptian employees and set up factories to increase its market share in the country according to media reports by Zawya.com The report says Oppo's executive director Sky Lee told Amwal Al Ghad in an interview ...
Egypt's Information Technology Industry Development Agency (ITIDA), through the International Data Corporation (IDC) is seeking to foster greater collaboration between Egyptian ICT companies and their counterparts from East and West Africa. Towards this end, the 'Africa Together', event took place at Nairobi's Safari Park Hotel and brought together senior IT ...
The United Nations E-Government Development Index (EGDI) quantifies the level of ICT usage (on a scale of 0 to 1) by governments in 193 countries when providing public services. Led by Tunisia, Africa’s top 6 countries on the EGDI (in descending order) include Mauritius, Egypt, Seychelles, Morocco and South Africa ...
Omar Soudodi MD Arab world's online payment service provider PAYFORT has launched its [email protected] service in Egypt in a move to help bring online shopping to millions of unbanked Egyptians. [email protected] is also expected to boost Egypt’s e-commerce industry by allowing merchants to cater to the ...
The Intel Egypt Corporation, together with the Nile University has announced the results of year long business plan competition that would help identify and support some of the most innovative students and graduates across Middle East and North Africa, in which winning projects hailing from Egypt have been short-listed ...
Prime Minister Ibrahim Mehleb has presented to Ambassador Navdeep Suri, potential technical projects set to take advantage of recent developments in India, to boost investments in Egypt. The Prime Minister noted that the Egyptian government is undertaking a comprehensive economic reform project in addition to reviewing all economic legislation to increase ...
To create jobs, boost economy and speed up traffic, Egypt has just began the construction of a new Suez Canal that would run parallel to the 145 year old original canal. Worth close to $4bn USD, the new canal, that would connect the Red Sea and the Mediterranean Sea is expected ...
Founded early 2013, in Cairo, Egypt’s TrafficBytes, is an M2M cellular-based roads traffic management system that allows mobile operators and telecom vendors to leverage their cellular infrastructure and provide real-time accurate roads traffic information. The startup aims to transform existing big data at mobile operators related to cellular events like ...
Set to launch in October, Egypt's Cantalop.com wants to be the country's top search engine to help end frustration among youth who seem unsuccessful at finding jobs. Founded by Karim Al-Halwani, also the founder of Career Services, Cantalop uses keywords for a specific job title, company, skills and whatever field ...
Ernst & Young says Africa’s perceived attractiveness as an investment destination has improved greatly over the past decade, moving from the third-from-last position in 2011 to the second-most attractive investment destination in the world in 2014 – second only to North America. The 2013 total Foreign Direct Investment (FDI) into ...
The African consumer market has grown by $568 billion between 2000 and 2010 and is expected to grow a further $410 billion to hit the $1.4 trillion mark by 2020. These consumption figures are further supported by the 2012 household final expenditure figures (% of GDP) where several African countries ...
Two year-old Startappz, an Egypt, UAE, Jordan, KSA and USA app developer firm took home 9 awards on Sunday 8th June 2014 on the Jordan App & Web Awards (Jawa) ceremony. The firm has 12 released apps on iOS, Android, and Windows Phone, over 2 million app downloads, and a ...
Launched May last year, KarTag wants to be Egypt's most reliable, trustworthy and social carpooling mobile app to help solve traffic jams in Egypt and even save the users time and money. Founded by Hayk Hakobyan, Said Gamal, Ahmed Saad, Khaled Mohamed,KarTag is a free ride-sharing app that aims to ...
A study called ‘How Africa Tweets’, done by Portland Communication Agency places Johannesburg as the number one African country in twitter activity; this is between the months of October to December last year. This activity increased on 5th December, the day former president of South Africa died. South Africa and ...
Rocket Internet-backed Jumia Egypt has today partnered with Mobinil, the Egyptian company for mobile services in a move that will see Jumia provide Mobinil with products and services in their 140 retail stores spread all across Egypt. According to Mattia Perroni, Co-Founder and Managing Director of JUMIA Egypt, “It is ...
Splinter.me is a platform for professionals and employers that use the benefits of big data and social recruiting. It’s an online platform for job seekers as well as employees. A start-up that was born out of necessity has turned to be a top notch among its counterparts in Africa. This ...
Founded in Cairo last year by Mostafa Talaat and Kareem El-Shaffei and armed with a $12k Seed funding, the Flat6labs alumni, CIRQY.com, a social marketplace for discovering freshly-made local design has launched in the Middle East for lovers of art, home decor, accessories, apparel and handmade stationery and toys. CIRQY ...
