French parcel delivery service DPD Group acquires preferential shares in Egypt's Bosta
Monday, 17 February 2020 14:39
France-based DPD group which specializes in the delivery of parcels has participated in a $1.4 million Series A fundraising by Bosta, an Egyptian startup that operates in the same activity sector.
The operation was led by Fawry which has already invested in Bosta. The terms of this transaction were not disclosed. For DPD Group, which also operates in Egypt, building a local partnership will enable it to save money and improve its profitability in this market.
“We are thrilled to be one of the key pillars of this movement, and DPD group’s investment only solidifies our role even further. The e-commerce industry in Egypt and the entire region is looking very positive," said Mohamed Ezzat, Bosta’s CEO.
Idriss Linge
Live News
-
Dakar’s Art Revolution: Why Galerie36 Is Your Gateway to Contemporary African Creativity
19:50
-
Tanzania Launches Five Special Economic Zones to Boost Industrial Investments
18:51
-
Chinese Firm Sailun to Inject $1 Billion into Tire Plant in Egypt
18:14
-
Togo Secures €22.5 Million from Luxembourg to Accelerate Eco-Transition and Biodiversity Protection
13:59
-
After Burkina Faso and Mali, Niger Extends Salkadamna Coal Project Invitation to Togo
13:28
-
GSMA MWC25 Kigali Returns with Focus on Africa's Digital Future and New Ministerial Programme
13:16
-
Nunya Tomey Connects Beauty Professionals With Clients Across Ghana
08:48
-
Cameroon Seeks CFA165bn IsDB Aid to Rebuild Douala-Yaoundé Road
08:31
-
With 60% of Africans Projected in Cities by 2050, Smart Solutions Gain Urgency
07:53
-
Togo Calls on Organic Producers to Align with Updated European and American Certification Requirements
16:38
• New system will link banks, fintechs, and mobile operators in a single platform• Real-time transfe...
Nearly 400,000 mango seedlings distributed to farmers nationwide from June to August 2025. Pr...
Starlink lost 2,000 Kenyan users in Q1 2025, dropping to 17,066, as local ISPs grew 8%. High...
President Bola Tinubu signs NIIRA 2025, replacing the 2003 insurance law. The law raises capi...
Abdul Samad Rabiu is now the richest investor on NGX, with ₦15.23 Trillion in BUA Foods and Cement...
Five SEZs near Dar es Salaam target textiles, pharmaceuticals, automotive, and agri-processing. Investors offered land, tax breaks, and...
The plant could produce over 10 million tires annually at full capacity. First phase of the project to start in 2026. Project aims to cut Africa’s...
(GSMA)-MWC25 Kigali, the African continent's largest and most influential connectivity event, will return on 21- 23 October with a dynamic agenda...
Gabon launches coordinated policies to integrate 16,000 disabled people into education, health, training, and work. The National Committee for the...
Galerie36 in Dakar showcases modern African art, fostering cultural exchange. Ayofemi Kirby’s intimate gallery redefines art spaces with a community...
EU rolls out biometric Entry/Exit System in Oct 2025, replacing passport stamps. Visa-free African states face new checks, longer queues, and strict...