E-Commerce News
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Vodacom to roll out Alibaba Super App to new Egypt market
The Johannesburg-based company has received approvals to buy the Egypt business from its parent, Vodafone Group, for $2.7 billion.
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Egyptian fintech Money Fellows raises $31 million
Money Fellows classifies its users as borrowers, savers or planners depending on their position in a ROSCA cycle and when they receive a payout.
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Kenzz - Egypt’s mass ecommerce solution raises $3.5 million
Kenzz’s model benefits local manufacturers and SMEs too - by giving them access to data, insights, and access to potential hard-to-reach end users.
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Egyptian consumer money app Telda raises $20M
Egypt's private consumption accounts for nearly 85% of its nominal GDP, and only 4% of its overall GDP is cashless.
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The Fashion Kingdom raises $2.6M in seed funding
Not only does the platform enlist products of all these brands for customers’ viewing and buying pleasure, but it also provides ancillary services.
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Damen to launch its mobile wallet app in partnership with BKN301
The agreement is part of BKN301’s international growth strategy, which aims to become the leading open-market and cross-border operator.
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Best Payment Gateways Solutions in Egypt
Egypt plans on integrating Payment Gateway Solutions with E-commerce Merchants, to help them connect with Global Suppliers.
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Raqamyat announces the launch of its business in the Egypt
Raqamyat, is a company specialized in providing integrated solutions to e-payments and e-commerce.
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Seven Trends in Online Marketing for 2021
New year, new developments: 2021 will see many changes in online marketing - from search engines to social media to browsers.
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E-commerce predicted to increase 30% by 2022-end
E-Commerce in Egypt is expected to increase by 30% by the end of 2022, according to a report released by BOOST for Consultations.
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Egypt's Cabinet approves establishing Digital Egypt Fund
The fund aims to activate and promote the services of the digital community, support & develop the system’s mechanisms and ensure its sustainability.
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Egypt to get French funding for pioneer wholesale market
The wholesale market in Borg El Arab near Alexandria would be followed by the development of 14 similar markets in Egypt to improve food security.
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15K Egyptian companies join ACI system
2200 companies have registered 18,000 successful custom transactions on the system since its pilot launch in April, according to Maait.
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Amazon.eg launches end of 2021
Amazon launched amazon.ae in the UAE in May 2019 and one year later it launched amazon.sa in Saudi Arabia. Now, it's Egypt's turn.
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Egypt’s e-payments transactions at EGP 37bn
e-payments to suppliers, state worker salaries record EGP 628bn, EGP 377bn respectively. Total of 13.5 million transactions worth EGP 37bn.
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Egypt’s service e-bills grow by 223% since 2019
10 phases of the electronic payment and collecting system have been carried out starting May 2019.
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Egypt setting up e-commerce platforms targeting Africa
The aim is to boost trade exchange with countries that have trade agreements with Egypt, especially in Africa.
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Egypt's e-commerce latest strategies to double online business
The opportunities in the sector include enhancement in exports and competitiveness.
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Online business trends in 2020
Payfort has selected the biggest 4 trends that are expected to influence e-commerce and what you need to invest in in 2020.
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Egypt’s Fawry eyes UAE deal, Saudi and Kuwaiti markets
"We hope to enter the Saudi and Kuwaiti markets in 2020," managing director Mohamed Okasha said.