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Wednesday, 29 June 2022

Egypt in the News: Layoffs hit Vezeeta

TechCrunch reports that digital healthcare platform Vezeeta let go of around 10% of its 500-person staff last week. The news comes as the latest sign that it’s not only Silicon Valley startups bunkering down for tough times ahead (including a potential recession), after mass transport app Swvl said it would lay off up to a third of its staff. Born-in-Egypt Vezeeta moved its headquarters to Dubai in 2020.

Also making headlines this morning:

  • The mother of imprisoned Egyptian-British activist Alaa Abd El Fattah shares concerns for the health of her son “despite some improvements in his prison conditions.” (Reuters)
  • Ten people were handed death sentences over Muslim Brotherhood-linked attacks against security forces between 2013 and 2015. (Reuters)

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