Finance Ministry taps economist Hesham El Hamawy to succeed Amr El Monayer

EXCLUSIVE- FinMin taps economist Hesham El Hamawy to succeed El Monayer: Hesham El Hamawy has been appointed as vice minister of finance for tax policy, a position that has been empty since Amr El Monayer resigned in March 2018, two senior sources in government tell Enterprise. Government officials had previously told us that PepsiCo’s Middle East and Africa taxation boss, Khaled Abu Zahra, had been nominated for El Monayer’s job. El Hamawy is a professor of tax and accounting at Cairo University, and is set to be sworn in once President Abdel Fattah El Sisi returns from Japan, where he is attending the Tokyo International Conference on African Development.

Ramy Farag is also being tapped as assistant to the finance minister for taxation, our sources tell us. Farag was previously a tax partner at Ernst & Young Egypt.