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Sunday, 31 May 2020

Egypt’s Swvl finally goes legit in Kenya after licensing dispute

STARTUP WATCH- Swvl finally goes legit in Kenya after licensing dispute: Egyptian mass transport app Swvl has received approval from Kenya’s transport regulator to launch its services in the capital Nairobi after attracting the ire of authorities last year for operating without the proper license, according to Al Mal. Kenya’s National Transport and Safety Authority (NTSA) in October directed police to impound the company’s vehicles after it seemingly ignored orders to halt its operations while it sought the correct permits.

Swvl’s operations in Kenya began in March 2019 and marked its first foray into international markets. CEO Mostafa Kandil announced plans to invest KES 1.5 bn to expand in the Kenyan market in August.

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