Egyptian tech tycoon Ashraf Sabry’s Fawry posts $31.8 million profit in 2024
The company’s financial performance reflects its dominant position in Egypt’s digital payments sector and the country’s growing shift toward cashless transactions.
Egyptian tech founder
Egyptian entrepreneur Mostafa Kandil’s SWVL loses unicorn status as market cap declines by $1.36 billion
SWVL’s $1.36-billion crash has caused investors to suffer millions of dollars in losses.
Egyptian founder Mohamed Younes’ Khazenly raises $2.5 million in seed funding
Younes explained that the $2.5 million in institutional funding will help the startup build on its success in the region.