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Y Combinator-Backed Trella Brings Transparency to Egypt’s Trucking and Shipping Industry
Like other logistics management services, Trella is trying to consolidate a fragmented industry around its app that provides price transparency and increases efficiency by giving carriers and shippers better price transparency and a way to see how cargo is moving around the country.
- Categories
- Technology
- Region
- North Africa & Near East
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Dubai DIFC Launches Roadmap for Fintechs Entering Middle East and Africa
The report, launched at the conference, provides recommendations and guidance for FinTech firms looking to capitalise on the growth potential of the region. It draws on the experience of a select number of FinTech firms, as well as a venture capital fund and leading banks that have established businesses or plans for the market.
- Categories
- Finance
- Region
- North Africa & Near East
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UN report highlights Afghanistan’s mobile money stumbling blocks
In the report, UNCTAD found: “The main drivers for mobile money are the ease and security of non-cash payments and the positive reputations of the telecommunication firms in the country. Having said this, the mobile money penetration in Afghanistan is relatively low.”
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Uber is paying $3.1BN to pick up Middle East rival Careem
It says it will acquire all of Careem’s mobility, delivery, and payments businesses across the greater Middle East region, which it notes ranges from Morocco to Pakistan.
- Categories
- Technology
- Region
- North Africa & Near East
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Press release: OurCrowd Partners with Social Finance Israel to Launch Impact Fund Targeting $30M
OurCrowd, a global investment platform and Israel’s leading venture investor, has announced it is partnering with Social Finance Israel, the Israeli impact advisory leader, to launch an Impact Fund focused on venture-backed businesses solving some of the world’s greatest challenges. The fund will invest in companies with demonstrated alignment to the UN’s 17 Sustainable Development Goals.
- Categories
- Investing
- Region
- North Africa & Near East
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MTN, Ericsson extend mobile money deal
MTN and Ericsson have signed a five-year contract extension to deploy new products and provide managed services for mobile money services in 13 countries across Africa and the Middle East.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Yellow Door Energy Raises $65M for C&I Solar in the Middle East and Africa
The funding injects capital into commercial-scale solar, which has languished in the region as massive auction-based projects boom.
- Categories
- Energy
- Region
- North Africa & Near East
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Canada finally gets into the development finance game — will it work?
FinDev Canada, Canada’s development finance institution (DFI), was launched earlier this year, and has pledged to invest $300 million over five years. Canada is the last G7 country to create a DFI.
- Categories
- Investing
- Region
- North Africa & Near East
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