Tradehub Launches Digital Platform to Support Exports, Local Manufacturers in EgyptSource: www.export-egypt.com 12/26/2023, Location: Africa |
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TradeHub, an Egyptian startup, has launched a digital platform to simplify exports and trade operations for local manufacturers, according to a company statement released .
The platform supports domestic manufacturers in expanding their presence in both local and international markets, as per the statement. “Manufacturers struggle to reach new buyers, while buyers face the challenge of finding the right manufacturer. Our platform was launched to improve communication between both sides,” the statement added. TradeHub enables manufacturers to showcase their factories and products through detailed images, while buyers can requesting quotes, create tenders, and communicate directly with manufacturers. TradeHub, founded by Ahmed Gaber, co-founder of logistics and delivery startup Bosta, and Ahmed Atef, former software engineer at Meta, has set a target to empower 10,000 manufacturing companies by the end of 2024. These developments align with Egypt's recent efforts to improve its business and investment climate, particularly in supporting startups. In June, Prime Minister Mostafa Madbouly established a permanent cabinet unit dedicated to proposing policies, laws, and regulations that facilitate the growth and prosperity of local startups. In December, Egypt came first in the Middle East and North Africa (MENA) region in terms of startup funding, with a total of $45.7 million. |
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