E-commerce players will be girding for a regulatory showdown with the House when MPs return from summer recess next month. Rep. Ahmed Badawi says the House Communications Committee is going to look into whether companies selling health, food and cosmetics products, among others, will need to submit to additional regulatory scrutiny before being allowed to hawk their wares online. The provision, first reported by Youm7, will be advanced as part of a draft bill that lawmakers have already will include clauses on taxation of e-commerce businesses as well as new provisions to protect consumers from online scams and false advertising.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…