Back to the complete issue
Tuesday, 12 November 2019

Egypt’s Swvl plans launch in the Philippines, Indonesia and Bangladesh as expansion wave continues

STARTUP WATCH- Swvl plans launch in the Philippines, Indonesia and Bangladesh as expansion wave continues: Egyptian ride-hailing app Swvl plans to launch operations in Manila, Jakarta, and Dhaka by the end of next year, Shahzeb Memon, Swvl Pakistan’s general manager, told Reuters. The company launched in Pakistan’s Lahore in August, and quickly expanded to the capital, Islamabad, as well as Rawalpindi and Karachi. This is part of the company’s geographic expansion targets, including its plans to launch 50 buses in Lagos by mid-July, after having entered Kenya earlier this year. As of mid-September, Swvl was talking about launching in 10 or 20 new cities next year, with Dar es Salaam and Abidjan being of particular interest, as well as markets in South East Asia.

But will regulatory hurdles prove an impediment? Last week, a provincial government office in Pakistan informed Swvl and another similar service that they were operating without the necessary route permits and no-objection certificates from the government, according to Reuters. This follows news from the local Kenyan press last month that the company was reportedly defying orders from the country’s transport regulator to stop operations there, on the grounds that it doesn’t have the right permits needed to operate.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.