The Latest Industry News
A quick run-down of the latest updates in the sector and a wrap up of the most recent Arabnet events
Souq.com, the biggest Arabic e-commerce platform, has received $75 million from Naspers, Africa’s largest media company, after investing $40 million dollars back in 2012. These investments make Naspers an owner of a 36% stake in the business. In related news, Souq.com revealed the launch of Egypt’s first Online Marketplace University by means of two inaugural programs: “Marketplace E-commerce Entrepreneurship Program”, and “The Marketplace Incubator”. Souq.com Egypt will provide the essential apparatus so entrepreneurs can transform their ideas into profiting businesses, including shared office space, access to content & production, daily courier services, storage space at one of the company’s offices in Maadi, Cairo, and the advice of mentors through workshops.