• Sunday, 25 August 2019

    Valu signs contract with insurance company for auto insurance installment plans

    EFG Hermes’ fintech subsidiary Valu has signed a contract with an insurance company to feature its car insurance installment plan on the app, CEO Walid Hassouna told the local press without naming the company. Valu users will be able to...
  • Monday, 19 August 2019

    What we’re tracking on 19 August 2019

    The central bank’s Monetary Policy Committee (MPC) is set to meet this Thursday, 22 August to review key interest rates. Our poll on Sunday showed three-quarters of economists predicting that the central bank will cut rates for the first time...
  • Sunday, 18 August 2019

    US and Egypt-based Incorta raises USD 30 mn in series C round

    STARTUP WATCH- Incorta raises USD 30 mn in series C round: California-based data analytics startup Incorta, which bases its software development operation in Egypt, has raised USD 30 mn in a series C funding round, Al Mal reports. US-based private...
  • Thursday, 15 August 2019

    Egypt in the News on 15 August 2019

    There are no major stories dominating the conversation on Egypt in the foreign press this morning. Stories worth a skim: Lingering effects of Rabaa: The 2013 Rabaa Al Adawiya dispersal continues to impact Egypt’s human rights situation six years after...
  • Wednesday, 14 August 2019

    Egyptian trucking app Trella joins Y Combinator accelerator program

    STARTUP WATCH- Trucking app Trella joins Y Combinator accelerator program: B2B trucking startup Trella has been accepted onto Y Combinator’s summer 2019 accelerator program, according to a press release (pdf). This will give the Cairo-based company access to the US...
  • Thursday, 8 August 2019

    Is quantum computing really as groundbreaking as all that?

    Is quantum computing really all that groundbreaking as all that? In a word, yes. Quantum computers have the power to solve certain kinds of particularly thorny problems in seconds, while today’s supercomputers would take thousands of years, the Economist says....
  • Wednesday, 7 August 2019

    What we’re tracking on 7 August 2019

    News dirth to reach a crescendo next week on expectations of widespread food coma epidemic: The August news lull continues, with yesterday being one of the slowest news days we’ve seen all year, and it’s not even Eid yet. Expect...
  • Monday, 29 July 2019

    Egypt’s VRapeutic wins first prize at SingularityU MENA 2019 competition

    Egypt-based startup VRapeutic has landed in first place at the SingularityU GIC MENA 2019, Al Mal reported. The startup, which develops therapeutic solutions with a special focus on learning disabilities, was awarded a USD 60k scholarship to take part in...
  • Wednesday, 24 July 2019

    EGX, AfDB discuss cooperation to develop Africa’s capital markets

    EGX, AfDB discuss cooperation to develop Africa’s capital markets: Officials from the EGX discussed cooperation plans to develop capital markets in Africa with an African Development Bank (AfDB) delegation led by Egypt country manager Malinne Blomberg, Youm7 reported.

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