Rabbit Mobility chief operating officer Mohamed Mansoury, chief technology officer Bassem Magued and chief executive Kamal El Soueni. Photo: Rabbit Mobility
Rabbit Mobility chief operating officer Mohamed Mansoury, chief technology officer Bassem Magued and chief executive Kamal El Soueni. Photo: Rabbit Mobility
Rabbit Mobility chief operating officer Mohamed Mansoury, chief technology officer Bassem Magued and chief executive Kamal El Soueni. Photo: Rabbit Mobility
Rabbit Mobility chief operating officer Mohamed Mansoury, chief technology officer Bassem Magued and chief executive Kamal El Soueni. Photo: Rabbit Mobility

Five Egyptian start-ups fighting climate change


Nada El Sawy
  • English
  • Arabic

As Egypt prepares to host the UN climate summit Cop27 in Sharm El Sheikh in November, there have been calls from the government for everyone to get involved, including young people and start-ups.

A new generation has been bringing innovative ideas to the table to combat climate change, whether in the field of mobility, waste management, renewable energy or sustainable agriculture.

While Egypt produces only 0.6 per cent of the world’s carbon dioxide emissions, there is still much to be done on the road to net zero.

Here are five Egyptian start-ups making a difference in the Arab world’s most populous country by encouraging people to make small changes in their daily lives.

Rabbit Mobility

Rabbit Mobility, not to be confused with 20-minute delivery platform Rabbit, is a micro-mobility sharing app for short-distance transport using electric bikes and electric scooters.

About 500 vehicles are available across Cairo, Giza, Alexandria, Mansoura, Tanta and Port Said. The next target market is Sharm El Sheikh, where about 150 of Rabbit’s fleet will be available for Cop27.

Rabbit Mobility, founded by chief executive Kamal El Soueni, chief operating officer Mohamed Mansoury, and chief technology officer Bassem Magued in 2019, was inspired by similar start-ups such as Byrd and Lime.

It was also meant to tackle the problem of being stuck in gridlocked traffic, despite 50 per cent of trips in Egypt being less than three kilometres and 80 per cent less than eight.

“When we started out the company, we wanted to solve traffic in an enjoyable and environmentally friendly way,” Mr Mansoury tells The National.

Rabbit offers an Unlock & Go model, as well as a Day Rentals model whereby users can request a rental vehicle for a minimum of two days to be delivered to them.

The service was introduced in gated communities last year then it expanded into central city districts.

The start-up has raised around $900,000 in funding from investors, including 500 Global and Falak Startups backed by the Egyptian Ministry of International Co-operation.

Rabbit became cash-flow positive over the summer, but the founders are most proud of the impact their start-up has had on carbon emission reductions.

The average person in Egypt emits about 2 tonnes, or 2,000 kilograms, of CO2 emissions, according to Our World in Data.

“Our estimate so far is that we’ve saved 50,000 kilograms of carbon dioxide emissions by replacing car trips,” Mr Mansoury says. “Our vision is to maybe reach 500,000 kilograms of CO2 emissions saved … so we’re at 10 per cent of the goal and still going.”

Tagaddod

Tagaddod, which is Arabic for “renew”, converts used cooking oil collected from Egyptian households and restaurants into biofuel.

Rather than discarding the oil as waste, biofuel can be used as a low-carbon alternative source of energy. For example, biodiesel can be a substitute for traditional petroleum diesel.

Tagaddod’s services include tech-enabled collection of waste oils and fats, used cooking oil refining and feedstock trading.

Founded in 2013, Tagaddod connects waste collectors with consumers through an app. Collectors get a reliable source of income and consumers receive incentives such as new bottles of vegetable oil.

Chief executive Nour El Assal told CNN in November that the company processes thousands of orders daily.

“I think biofuels can be used here in Egypt in the very near future, mainly to reduce the greenhouse gas emissions and to be able to be part of the climate change movement,” he said.

The start-up raised around $1m in a seed round last year from Kepple Africa Ventures and LoftyInc Capital Management, according to crunchbase.

Shamsina’s goal is to bring affordable solar-powered water heaters to households across Egypt. Photo: Shamsina
Shamsina’s goal is to bring affordable solar-powered water heaters to households across Egypt. Photo: Shamsina
Shamsina

Egyptian sisters Sarah and Deena Mousa founded Shamsina in 2014 to bring affordable rooftop solar-powered water heaters to low-income households around the country.

About half of Egyptian households lack access to modern water heaters due to the high electricity expense, Shamsina said.

Chief executive Sarah had discovered while volunteering in Cairo as a high school and college student that many families use hazardous and polluting methods to heat water, such as kerosene burners, gas tanks or makeshift fires.

“By replacing these with a solar water heater, a household uses at least one less gas tank per month. That is the equivalent of 10 fewer pounds (4.5 kilograms) of CO2 emissions,” she tells The National.

“Multiply that number by millions of households, month after month, and we hope that this relatively simple intervention can play a tangible role in the fight against climate change.”

Shamsina started out by recruiting an engineer to help build a low-tech water heater and established a workshop in Al Darb Al Ahmar district. The 100-litre capacity prototype heaters were sold for about $210 to families.

The company has since developed the fourth version of its water heater and is on the cusp of a larger pilot programme before going to market.

Shamsina is supported by pre-seed grants totalling around $25,000 and was selected in April to be part of Harvard Innovation Labs' Climate Entrepreneur's Circle, an incubation programme for high-potential ventures working to address climate change.

Hazem El Tawab, chief executive and founder at ReNile, at a start-up exhibition in Stuttgart, Germany. Photo: Hazem El Tawab
Hazem El Tawab, chief executive and founder at ReNile, at a start-up exhibition in Stuttgart, Germany. Photo: Hazem El Tawab
ReNile

ReNile is an AgriTech start-up that works in the field of the Internet of Things (IoT), providing farmers with products such as fish farming smart devices and monitoring systems. The company helps make sure environmental solutions that save water and resources, such as hydroponics and aquaponics, are successful.

For example, last year ReNile was recruited by the government to provide its technical solutions for the Fayrouz fish farming project in Port Said. The devices help monitor water quality, save feed consumption and produce high-quality fish.

Since 2020, ReNile has helped 170 clients save 30 to 35 per cent of their operating costs, ReNile chief executive and founder Hazem El Tawab tells The National.

“There is a gap in the market for technological solutions to help farmers,” he says.

The start-up has helped decrease carbon dioxide emissions by reducing farmers' reliance on diesel fuel and optimising resource use.

ReNile is self-funded and operates mainly in Egypt and the Gulf, including Oman, Kuwait and Saudi Arabia.

Recyclizer

Founded by environmental researcher Aya Mohamed in 2019, Recyclizer converts plastic waste into plastic mulch films. These agricultural films protect crops from harmful sunlight radiation and soil pathogens, and reduce the evaporation rate of irrigation water.

The company collects plastic waste from homes and partners, cleans and disinfects it, and sorts it according to colour and size. Finally, the waste is put into a plastic recycling extrusion machine to produce the films.

Recyclizer estimates it eliminated around 500,000 kilograms of plastic waste in Egypt between 2019 and 2020.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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What: International friendly

When: 7pm kick off

Where: Rugby Park, Dubai Sports City

Admission: Free

Online: The match will be broadcast live on Dubai Exiles’ Facebook page

UAE squad: Lucas Waddington (Dubai Exiles), Gio Fourie (Exiles), Craig Nutt (Abu Dhabi Harlequins), Phil Brady (Harlequins), Daniel Perry (Dubai Hurricanes), Esekaia Dranibota (Harlequins), Matt Mills (Exiles), Jaen Botes (Exiles), Kristian Stinson (Exiles), Murray Reason (Abu Dhabi Saracens), Dave Knight (Hurricanes), Ross Samson (Jebel Ali Dragons), DuRandt Gerber (Exiles), Saki Naisau (Dragons), Andrew Powell (Hurricanes), Emosi Vacanau (Harlequins), Niko Volavola (Dragons), Matt Richards (Dragons), Luke Stevenson (Harlequins), Josh Ives (Dubai Sports City Eagles), Sean Stevens (Saracens), Thinus Steyn (Exiles)

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The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
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Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

Updated: May 19, 2023, 4:21 PM