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Mohamed El-Sewedy acquires Magma via Averroes Ventures

Egypt-based Magma, a manufacturer of sportswear, has been fully acquired by its incumbent CEO Mohamed El-Sewedy via venture capital firm.

Egyptian Digital Logistics Startup ,Khazenly, Raises $2 5 Million in Seed Funding

Egyptian Digital Logistics Startup ,Khazenly, Raises $2 5 Million in Seed Funding
techlist.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techlist.pk Daily Mail and Mail on Sunday newspapers.

Shein s $15 million pledge won t stop the flow of fashion waste to Ghana, June — Quartz Africa Weekly — Quartz

Egypt s Khazenly raises $2 5 million Seed round

Khazenly, an Egyptian on-demand warehousing and fulfillment platform, raises $2 5M seed funding – TechCrunch

The e-commerce market in Egypt is expected to grow 30% to $7.5 billion this year, spurred by a growing number of younger shoppers and rising incomes. Local merchants are essential in driving this growth, and solving their logistical and operational needs end-to-end is where new upstarts in Egypt notice the most opportunity. Khazenly, founded in […]

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