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Articles by Mostafa Kandil
Swvl Expands Strategic Funding Round to $14.5M to Accelerate US Growth
Mobility technology company Swvl Holdings Corp. has expanded a strategic private placement round to approximately $14.5 million aimed at accelerating its US expansion and strengthening its balance sheet. The financing comprises an initial $13 million placement led by Houston-based Coefficient LP — which committed $10 million — plus a further $3 million from an existing Swvl shareholder, and a subsequent $1.5 million placement from Sofico Holdings Limited.
Swvl Raises $13M Investment Led by Sawiris-Backed Coefficient : TechMoran
Swvl Holdings Corp. has agreed to raise $13 million in a private placement led by Coefficient LP, a U.S. investment firm backed by Egypt’s Sawiris family, as the Cairo-founded mobility technology company accelerates its expansion into the United States. Coefficient will provide $10 million of the round while an existing Swvl shareholder will contribute the remaining $3 million. The transaction is expected to close on Aug. 27, subject to customary closing conditions.
Comparative Analysis of Water Hammer Performance in Different Pipe Parameters with FSI
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Resilient, not smart, cities are most important for emerging markets
Cities in emerging markets will benefit more from on-demand mobility apps than smart city grids powered by cameras and sensors Rapid urbanisation means two-thirds of the world's population will live in cities by 2050, and most of this growth will be in cities in the global south, such as Nigeria's main commercial hub, Lagos. AP Photo It is difficult to ignore the irony of the World Economic Forum’s launch of a new global "smart cities" initiative in Davos.
Uber, Ola and other ride-hailing apps are worsening the developing world's traffic problems
Traffic jam in New Delhi (Representational Image) | ANI Photo Text Size: Ride hailing has revolutionized transport across the globe. Once only found in the US and Europe, ride-hailing companies have quickly expanded into emerging markets such as Kenya, Nigeria, and Egypt. Because local transport in these places is often poor quality, unreliable and expensive, on-demand transport has provided a great service to consumers.
Ride-hailing apps making traffic woes of developing world worse
advertisement advertisement advertisement Ideas & Debate Ride-hailing apps making traffic woes of developing world worse Tuesday, August 6, 2019 19:52 By MOSTAFA KANDIL | Traffic jam in Nairobi. FILE PHOTO | NMG Ride hailing has revolutionised transport across the globe. Once only found in the US and Europe, ride-hailing companies have quickly expanded into emerging markets such as Kenya, Nigeria, and Egypt.
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