Category: Egypt

Egypt, Tunisia seek to boost transport cooperation

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The transport ministers of Egypt and Tunisia have agreed on boosting cooperation and exchanging expertise to achieve best interests of their countries. Egypt’s Kamel el Wazir, in a meeting with his Tunisian counterpart Rabie al Mejidi via video conference on Tuesday 29/3/2022, discussed proposals to enhance cooperation in the field of maritime transport, whether through navigation lines between the two Arab countries or between Egypt and Europe through Tunisia. The meeting also took up cooperation among navigation companies in the two Arab countries to offer shipping and logistics services at…

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EGYPTIAN LOGISTICS PLATFORM NAQLA RAISES $10.5 MILLION IN PRE-SERIES A

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Naqla, Egypt’s trucking technology platform and marketplace connecting truck owners with cargo companies, has raised $10.5 million in a PreSeries A round. The round was led by major investors El Sewedy Capital Holding (SCH), Hassan Allam Holding (HAH), and the Sallam Family. Naqla’s core mission is to modernize and expand Egypt’s supply chain through technology by automating orders between shippers and drivers through its two main apps. Naqla has seen rapid growth into 35+ active zones, overseeing the movement and delivery of over 4.6 million tonnes of cargo since its…

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SCZONE IS IN DISCUSSIONS WITH MAERSK FOR THE GREEN FUEL PRODUCTION

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Eng. Yehia Zaki, Chairman of Suez Canal Economic Zone (SCZone), met a delegation from APMoller-Maersk (Maersk) headed by Mr. Morten Christiansen, Vice President, Head of Decarbonization projects, to discuss a bilateral cooperation in Green Fuel industry. The meeting was through a 3 days workshop began between the two sides in Cairo, followed by a visit for Maersk delegation to the integrated industrial zone in Sokhna, to discuss ways to implement projects of Green methanol and green ammonia production. These discussions came within the framework of enhancing the cooperation in the…

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IFC INVESTS IN EGYPT’S BRIMORE TO SUPPORT THE GROWTH OF E-COMMERCE, CREATE JOBS AND MARKETS

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To support the growth of local manufacturers, create job opportunities, and develop e-commerce in Egypt, IFC today announced an equity investment in Brimore, a leading Egyptian social commerce platform that connects emerging brands with distributors and customers. IFC is co-leading Brimore’s $25 million Series A round with an investment of $5 million in the Cairo-based company, which provides small- and medium-sized manufacturers in Egypt with access to the mass market through a large network of distribution agents, most of whom are women. IFC’s investment will help Brimore grow its network…

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