Category: Egypt

President El-Sisi Inspects Construction Work to Develop Roads and Axes in Greater Cairo

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On october 14th, President Abdel Fattah El-Sisi inspected construction works to develop a number of roads and axes in Greater Cairo. The President also inspected the construction works of the Hasballah Al-Kafrawi Axis and the surrounding axes The Spokesman for the Presidency said the President’s tour included inspecting the progress of the development of the Mokattam Corniche and central plateau, as well as the axes leading to the Mokattam plateau, which will help link it to Cairo’s neighborhoods and allow smooth transportation. This includes Yasser Rizk Axis, which will link…

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Suez Canal: Increase in transit tolls for all types of vessels

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The Suez Canal Authority’s Chairman and Managing Director, Admiral Ossama Rabie, announced last Saturday in a press release, an increase in transit tolls for all types of vessels transiting the Suez Canal during the next year 2023. All types of ships transiting the Suez Canal, will see during the year 2023, their transit tolls increase by 15%, with the exception of dry bulk ships and cruise ships whose transit tolls will increase by 10%, provided that the implementation of the planned increase begins from January, early next year 2023. Read…

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Press Release : New customers announced by Egyptian digital logistics startup Khazenly

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Baraka Group, Arrow Food Trading and Magma Sportswear among the new customers Multiple industry-leading merchants participate in exclusive event at Sultan Hussein Kamel Palace, The Company hopes to grow the number of merchant customers by six times in the next 12 months Cairo, Egypt: Khazenly, the Cairo-based on-demand digital warehousing and fulfillment platform, announcing multiple new merchant customers at an exclusive event held at Sultan Hussein Kamel Palace in Heliopolis. Khazenly is becoming the partner of choice for a rapidly growing number of merchants for some of Egypt’s most exciting companies…

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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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