BasharSoft, the technology company behind Egypt’s leading online job platforms Wuzzuf and Forasna, has announced that co-founder and CEO, Ameer Sherif has moved to Chairman of the Board role after spending 12 years leading execution at the firm. Since 2009, the company has helped more than 5 million Egyptians with their job search and more than 50,000 businesses hire an estimated 750,000 people. The scale makes the company one of the leading operators of employment across the region and the largest in Egypt.
BasharSoft pioneered attracting tech venture capital funding into Egypt from global investors, including 500 Startups, EBRD, VNV Global, Piton Capital, and Practical Venture Capital as first-time investors in Egypt, raising more than $10 million across the years. Local backers included Endure Capital, A15 and several angel investors. Today, many Egyptian startups are attracting huge investments from global VCs every year.
Outside BasharSoft, Ameer was recently appointed as a Board Member of ITIDA – a government agency under the Ministry of ICT responsible for developing Egypt’s tech and innovation sector.
Sherif Hashem, who joined the company in mid-2020 to lead corporate development and investor relations, has been named CEO to lead the company as it transitions to its new phase and plans for the next decade. Prior to joining BasharSoft, Sherif worked on high-value M&A transactions including joint ventures, consolidations and exits as well as capital markets transactions in Egypt and the UAE. Reflecting on the new role, Sherif said “I am grateful to Ameer and our board for their trust in me and I am excited about what is to come. Ameer and the team here have built something really unique with this company.”
As Chairman, Ameer will continue supporting BasharSoft realizing its vision to expand its employment product offerings in Egypt and other markets. “I am really proud of what our team at BasharSoft has built over the past decade and the impact we have had on recruitment in Egypt and I am very excited for what’s to come,” Ameer said. “Sherif has supported me with closing past investment rounds and since joining us has been a key part of the team. I am confident of his ability to lead BasharSoft to new heights.”
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