Egypt - Youssef Salem, the Chief Financial Officer of Swvl for smart transport, said that the company has reached its targets in 2023 by becoming profitable. Salem told Daily News Egypt that the company has started rehiring some employees who were let go earlier. This move aimed to make the company profitable in 2023 instead of 2024 as originally planned. Swvl adopted various operational and administrative measures, relying mainly on technology rather than employees to speed up workflow and improve company performance. Swvl offers four services in Egypt: intra-city passenger transport, inter-city passenger transport, transport services for corporate clients, and private group transport rental services.

Source: Daily News Egypt January 05, 2024 15:12 UTC