E-Commerce News
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Egyptian e-commerce startup WayUp raises seed round of funding
WayUp Sports aims to meet the demand for diverse specialised and performance-based sportswear and equipment.
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Egyptian e-commerce SaaS startup Awfar raises funding from VMS
Egypt-based SaaS e-commerce startup Awfar has secured a six-figure sum from Saudi Arabia-based venture studio Value Maker Studio (VMS) to expand its presence in Saudi Arabia. More details about this collaboration inside.
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Egypt’s e-trade exports record 2.9% in 2021: CAPMAS
Egypt also comes in the place in terms of the percentage of imports from e-commerce as the total merchandise trade increased from 3.5 percent to 4.8 %
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Egypt Ranked 109th Globally in E-commerce Readiness Index
Egypt comes first among the Arab countries in terms of the percentage of e-commerce exports compared to total merchandise trade.
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E-commerce to fuel aper packaging market growth in MEA
Propaper Dubai 2023 will host a large contingent of global paper and packaging companies which are at the vanguard of innovation.
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Tunisia: Dabchy expands fashion e-commerce platform to Egypt
Tunis-based peer-to-peer (P2P) fashion marketplace Dabchy has launched operations in Egypt.
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Egypt’s e-Commerce volume rises to $30 bln: Senior Banker
CEO and Managing Director of United Bank, Ashraf al-Kady said that 72 percent of Egyptians have switched to online shopping using e-cards since 2020.
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Amazon Egypt: Global expertise meets local needs
The revenue of the Egyptian e-commerce market was expected to reach $6.8 billion in 2023.
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Amazon Prime day returns on amazon.eg on July 11 and 12
The annual 48-hours Amazon Prime Day sale event on Amazon.eg will offer Amazon Prime members the chance to save big with epic deals and offers.
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Egypt’s TFK acquires Opio to create all-in-one ecosystem
Egypt-based fashion e-commerce marketplace The Fashion Kingdom (TFK) has acquired OPIO, a direct-to-consumer (D2C) fashion brand, for an unknown sum.
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Noon.com announces Big Ramadan Sale with up to 75% off
Massive price crashes across all categories, and amazing bank offers on hundreds of thousands of items.
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Rabbit launches bulk business ‘Gomla’
Market data indicates that bulk buying is set to evolve into an EGP 5bn market by 2024, sustained by inflation and high prices.
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Digital marketing in Egypt: Challenges, trends, and expert advice
Especially after COVID-19, many Egyptians entered the field of e-commerce and digital marketing.
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Jumia appoints Hisham ElGabry new CEO for Jumia Egypt
ElGabry has been leading the company’s commercial team as Jumia Egypt’s Chief Commercial Office (CCO) since 2022.
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E-finance logs $26.27mln consolidated profits in 2022; dividends unveiled
During the fourth quarter (Q4) of 2022, e-finance recorded a 12.80% year-on-year (YoY) drop in net profit after tax to EGP 121.50 million.
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Jumia fires over 900 workers, stops food delivery operations in Egypt, 2 others
Jumia explained that it decided to cease a number of activities as part of its goal of focusing on core areas of the business with attractive returns.
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Noon.com announces completion of Namshi acquisition
With more than 1,200 brands and an unrivaled selection of products, Namshi has quickly established itself as a well-known local brand.
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eFinance aims to enter Saudi market during current year: Chairperson
e-Finance is looking forward to maximizing the benefit from the international investor base it enjoys to enter new African and Arab markets.
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Paymob and Khazna partner to expand access to digital financial services in Egypt
Consumers and merchants to benefit, while this partnership will drive financial inclusion in line with Egypt’s Vision 2030.
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X-ERA, Paymob join forces to offer digital B2B payments tool in Egypt
Paymob’s gateway will process various methods of payments, including credit card, digital wallet and others on the X-ERA app.