SWVL Gets Egypt’s First and Only Smart Transportation License
The Ministry of Transport and Swvl, a transportation technology company, have entered into a significant cooperation protocol. This agreement aims to facilitate the transportation of passengers using smart applications. The signing took place at the Ministry of Transport’s headquarters in the New Administrative Capital.
Kamel Al-Wazir, the Minister of Transport, highlighted the Egyptian government’s commitment to enhancing mass transportation, including the subway, monorail, and express train systems. However, he acknowledged that certain areas might pose challenges in terms of accessibility via public transportation. In response to this, the concept of smart private transportation was introduced.
The Minister emphasized that smart private transportation revolves around passengers requesting licensed private cars through technology-based platforms. The Ministry of Transport will oversee and regulate this system, which has existed in Egypt for several years but lacked proper supervision. The state’s involvement is crucial to ensuring the safety and quality of service for users.
To facilitate the implementation of this new transportation model, a law and executive regulations have been enacted. These measures aim to govern the operation of smart private transportation services and establish a framework for their safe and efficient operation.
Al-Wazir announced that Swvl, as the first company to comply with the regulations, has obtained a license to operate this smart transportation service securely on the streets. The Minister expressed his confidence in the success of this new endeavor on multiple fronts. He emphasized that the government’s ongoing efforts to develop roads and bridges will further contribute to the advancement of this innovative service.
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Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard