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👨🏿‍🚀TechCabal Daily - Profits, Profits, Profits

In today’s edition : Swvl’s drives further into profitability || FCMB seeks approval for ₦150 billion raise || Telecom Namibia employs debt-collection agencies to pursue loan defaulters || Access Bank records ₦159.3 billion profit in Q1 2024 || VALR pursues licences in Mauritius and Dubai

United arab emiratesUnited kingdomSouth africaSouth africanFarzam ehsaniAccess holdings plcAfrica financial sector conduct authorityCredit suisseFirst bankRevenue solutionsInformation trust corporationGt bankTelecom namibiaKenya hustler fundAccess bankCentral bank

Swvl quietly releases long-delayed 2022 financial statement

Despite doubling revenue and reversing previous acquisitions, Swvl, an Egyptian startup, is still chasing profitability.

Al qahirahUnited statesUnited arab emiratesMostafa kandilGambit growth capitalVolt linesLatin american

Wamda

Wamda is a platform of programs and networks that aims to accelerate entrepreneurship ecosystems across MENA.

Ali halabiVolt lines

Why SWVL s acquisition of Volt Lines came to a halt

In 2018, Lebanese entrepreneur Ali Halabi founded Volt Lines, a Turkey-based mobility startup targeting the corporate segment, enabling.

Ali halabiVolt linesUnited kingdom based

Swvl s 1:25 reverse stock split saves it from Nasdaq - for now

It’s like cutting more slices into a pie. A reverse stock split allows publicly traded firms to consolidate existing shares. It doesn’t change anything.

Ali halabiShare splitVolt lines

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