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Government to offer up stakes in ten companies to strategic investors and on the EGX in 2025

1

What We're Tracking Today

Abdelatty touches down in Beijing for Egypt-China strategic dialogue

Good morning, friends. We’ve got a busy issue today to wrap up what has been a pretty busy week for local business news this week. Topping the news today is Prime Minister Moustafa Madbouly naming ten companies on the privatization cutting board for next year, another company getting ready for an IPO on the EGX, and much, much more. We’re short on space, so let’s jump right in.

PSA-

WEATHER- Take special care on the roads in and around Cairo today, with heavy fog forecast, along with a high of 22°C and low of 14°C, according to our favorite weather app.

Alexandria is also expecting heavy fog, along with a high of 23°C and a low of 11°C.

And over the weekend, expect to see temperatures dip a couple of degrees in the capital and in Alexandria.

** DID YOU KNOW that we now cover Saudi Arabia and the UAE?

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HAPPENING TODAY-

#1- Egypt-China strategic dialogue kicks off: Foreign Minister Badr Abdelatty will co-chair the fourth round of the Egypt-China strategic dialogues in Beijing today, alongside his Chinese counterpart, the ministry said in a statement. The talks seek to strengthen bilateral ties, expand sectoral cooperation, and tackle regional and global issues. Abdelatty is also set to meet senior Chinese officials and top execs from Chinese firms operating in Egypt.

#2- It’s day one of the Turathna exhibition: The annual MSMEDA-organized Turathna will kick off this morning at the Egypt International Exhibition Center, and run for the next ten days until 21 December. The exhibition is set to host 1k+ exhibitors representing crafts and heritage arts from across the country.

HAPPENING NEXT WEEK-

The first Egyptian-German Cooperation Day will kick off on Sunday with a focus on “social equity, and economic resilience in the shift towards a green economy,” the German embassy said in a statement(pdf). Senior German and Egyptian figures from the worlds of business, government, and development will gather for the event, which will witness a EUR 30 mn debt swap signing and also hopefully news of fresh investments and projects.

We’ve heard quite a bit about Egypt-bound investments coming from Germany recently, including a EUR 1 bn direct reduced iron factory courtesy of industrial manufacturer SMS Group, a EUR 30 mn flame-resistant material factory from advanced textile material producer Belchem, a A EUR 5 mn first phase of a bicycle parts factory spearheaded by German bicycle manufacturer Cube, and a factory by auto parts manufacturer Mutares Group that came to light during Investment Minister Hassan El Khatib’s trip to the country late last month.

Sunday’s event isn’t the only upcoming event between the two countries that the local business community should keep an eye on, with the German-Egyptian Joint Economic Committee pencilled in for 18-19 February in Cairo.

THE BIG STORY ABROAD-

It’s a mixed bag in the global press this morning, with developments in Syria taking a backseat — for now at least — and a lack of any major business stories to take note of.

News of FBI Director Christopher Wray’s decision to step down from office is ranking high in the often US-centric global papers. The move to step down prematurely came not two weeks after the president-elect said he would fire Wray over the bureau searching his Florida home for classified documents in 2022 and replace him with Trump loyalist Kash Patel to lead the bureau — marking the second director of the bureau to be pushed out by Trump. (Financial Times | Wall Street Journal | Reuters | Associated Press | New York Times | Guardian)

The fallout from South Korean President Yoon Suk Yeol's short-lived declaration of martial law is continuing to receive ink, with the police’s attempt yesterday to search his office as part of a mounting criminal investigation against the head of the country for charges of insurrection. (Reuters)

While in our part of the world, Saudi Arabia is set to host the 2034 men’s FIFA World Cup, the world’s football governing body said yesterday. Morocco was confirmed to co-host the 2030 edition, alongside Spain and Portugal. (Bloomberg | Reuters | AP)

Somabay, every reason to fall in love.

2

Privatization

Government to offer up stakes in ten companies to strategic investors and on the EGX in 2025

It looks like ramping up privatization efforts is going to be one of the state’s New Year’s resolutions, with Prime Minister Moustafa Madbouly announcing in his weekly presser that the government is planning to offer up stakes in ten state-owned companies in 2025. The offerings will be via direct sales to strategic investors and/or through EGX listing.

Speculation over which four military-linked companies would be heading to the EGX was also ended, as the prime minister confirmed that filling station operator Wataneya and bottled water company Safi will be offered on the EGX by mid-2025. The two companies have been on the privatization chopping block for at least four years, but efforts to sell stakes in both companies haven’t materialized, despite attracting numerous suitors. Fellow military-owned food manufacturer Silo Foods and fuel retailer Chill Out are also on the list of companies destined for IPOs, which Madbouly said would happen towards the end of the year. While this is the first time we’ve heard about plans for Silo Foods, then-Planning Minister Hala El Said earmarked Chill Out for a sale back in December 2023.

The list also includes two banks, namely Banque du Caire, whose IPO has been repeatedly delayed for years due to poor market conditions. Second on the list is Alexbank, which the state was negotiating to sell its remaining 20% stake in to the owner of the other 80% Italy's Intesa Sanpaolo Group, according to what a government source told EnterpriseAM in September. This came after the state successfully sold a 30% stake in the CBE-owned United Bank, which hit the EGX earlier this week following a heavily oversubscribed IPO.

Two pharma companies on the government’s list of 35 state-owned companies earmarked forprivatization were also mentioned, with the prime minister namechecking state-owned pharma manufacturer HoldiPharma subsidiaries CID Pharma and Misr Pharma. While Madbouly didn’t elaborate on how they will offer up the companies, unconfirmed reports out earlier in October said HoldiPharma is looking to offer stakes in both companies on the EGX during the first half of 2025.

Alamal Alsharif Plastics was also named, but again with no further details of the plan for selling off a stake in the state-owned company. However, unconfirmed reports in April alleged that the government was planning to exit a 46.6% stake — via a collection of state owned banks — in the company by selling it to a strategic investor.

Long-time privatization target Gabal El Zeit is once again a priority in the privatization list. Unconfirmed reports in October said that ongoing negotiations between the Madbouly government and UK-based private equity giant Actis to purchase the 580-MW wind farm were working towards reaching an agreement by the end of the current year. The negotiations reportedly revolved around the state’s desire to increase the value of the acquisition — which the IMF projected in March to be around USD 339 mn.

The global business press also picked up the story: Bloomberg.

This publication is proudly sponsored by

3

IPO

Korra Energi temporarily to list shares on the EGX today ahead of upcoming IPO

There’s a new kid on the EGX block, with energy solutions firm Korra Energi temporarily set to list 2.3 bn shares at EGP 00.20 each today after the bourse’s listing committee approved the move, according to an EGX bulletin (pdf). The EGP 45O mn in issued capital will be under the ticket KORA.CA.

Korra now has six months to launch an IPO under the listing requirements, which also let the company extend the period with prior approval from the authority. In preparation, Korra is required to begin preparing consolidated financial statements for the fiscal year ending 31 December 2024.

IPOs are a bit of a rarity on the EGX nowadays, but investor appetite seems to be strong, with the only two IPOs to happen this year being heavily oversubscribed. United Bank’s retail offering, which closed last week, was oversubscribed 59x, while the offering’s private placement was covered 6x — raising some EGP 4.6 bn. While earlier in the year, Act Financial’s retail tranche for its EGP 1 bn IPO was 54.8x covered and its institutional tranche was 20.2x oversubscribed — the highest demand a subscription period has seen in six years.

Hilton is amping up its presence in Egypt, with the global hospitality brand working on tripling its presence in Egypt’s market by opening 25 new hotels across the country, which are all in the pipeline, the company said in a statement (pdf). The projects in Hilton’s overall pipeline will create 5k jobs. The announcement follows the signing of ten additional properties under a number of Hilton’s international brands.

The move comes as part of a larger goal for Hilton to have 40 hotels operating in Egypt over the coming years, the statement reads.

The new target is significantly higher than what Hilton was gunning for in 2023, when the company’s regional president, JJ Sleiffer told EnterpriseAM that they were planning on doubling their portfolio from 14 to 27 in a 3-5 year time period.

The brands include Hilton’s lifestyle brand Tapestry Collection by Hilton, as well as Curio Collection by Hilton — both of which will be making their debuts in Egypt’s market. Hilton is also gearing up to launch the Hilton Cairo Nile Maadi by early 2025.

What they said: “Egypt is our longest standing market in the MEA region, where we’ve been operating for more than 60 years. We are excited to continue building on this legacy as we accelerate our growth, and we look forward to working closely with our valued owners to provide guests with reliable and friendly stays across the country,” the hotel chain’s regional VP of development, Carlos Khneisser, said.

Remember: Despite initial concern that Israel’s numerous wars on its neighbours would hit the local tourism industry hard, tourist footfall is expected to hit a record this year, with projections from the Tourism Ministry forecasting a 5% y-o-y jump to 15.3 mn. The government aims to attract some 25 mn tourists annually by 2028 — which it is trying to accommodate by adding some 240-250k rooms to the existing hotel room capacity.

4

M&A WATCH

Africa50 completes 42.9% stake acquisition of Raya Data Center

That’s a wrap on Africa50’s Raya Data Center USD 15 mn acquisition: Raya Holding has completed the sale of a 42.9% stake in its subsidiary Raya Data Centers to African infrastructure investment platform Africa50 for USD 15 mn, Raya’s financial advisor CI Capital said in a statement (pdf) today. The news follows Raya Holding’s board of directors preliminary approving the offer earlier this week.

Remember: The USD 15 mn investment ticket will help jumpstart construction on a new Tier III USD 35 mn data center in Egypt, set to break ground in early 2025. The facility will tackle the growing demand for “reliable, scalable, and certified digital infrastructure in Egypt and Africa,” Raya Holding CEO Ahmed Khalil said in a statement (pdf) on Tuesday.

What they said: “This partnership with Africa50 will further strengthen Raya Data Centers’ position as a leading provider of innovative and reliable data solutions, supporting their vision for regional expansion and technological advancement,” CI Capital CEO Amr Helal said.

Advisors: CI Capital acted as Raya Holding’s financial advisor, while Helmy, Hamza & Partners — Baker McKenzie’s Cairo office — acted as the company’s legal counsel. Herbert Smith Freehills LLP served as financial advisor for Africa50, while Matouk Bassiouny & Hennawy offered legal counsel on the agreement.

5

Manufacturing

El Wehda and state entity form JV to build region’s first large-scale shipbreaking yard

Africa’s first large-scale shipbreaking yard should hopefully soon be arriving in Egypt, with the state-run Holding Company for Maritime and Land Transport and El Garhy Steel’s Wehda Industrial Development jointly establishing a company to pursue the project, according to a Transport Ministry statement.The newly formed company builds on an MoU to two companies inked In May.

The project will be built on a 2 mn sqm area next to Damietta Port, with facilities that can accommodate ships up to 400 m and a displacement weight of 40k tons. In addition to shipbreaking, the project will also build and repair vessels. The project is also set to create 4k direct and indirect jobs.

Increasing the local supply of raw materials is a big reason why the government is so keen on the project, with Transport and Industry Minister Kamel El Wazir saying that the scrap produced by breaking down the ships will help reduce the local iron and steel industry’s import bill. An added plus is also the environmental benefit of recycling these materials, he added.

The project should produce 1.5 mn tons of scrap a year within five years — doubling the amount that is currently collected locally. At present, a lack of input materials is contributing to factories working way under capacity, as the country’s rebar manufacturers are only rolling out roughly 8 mn tons of rebar a year — around half of the total 16 mn tons they have the capacity for, El Wazir said.

PLUS- The two sides also inked an MoU to further commercial and investment cooperation, with a specific focus on establishing and managing unclean dry bulk terminals in the hope of taking part in the state’s plan to establish one in Dekheila port.

6

A MESSAGE FROM AUC’S ONSI SAWIRIS SCHOOL OF BUSINESS EXECUTIVE EDUCATION

Enhancing healthcare leadership in Saudi Arabia: AUC’s Onsi Sawiris School of Business Executive Education joins forces with SCFHS

In a collaborative effort to impact Saudi Arabia's healthcare sector, AUC’s Onsi Sawiris School of Business Executive Education has teamed up with the Saudi Commission for Health Specialties (SCFHS) to enhance healthcare management in the KSA through the newly launched Healthcare Business Program, Health Biz. This initiative brings together two powerhouse institutions to drive a new era of healthcare leadership and management in the Kingdom.

AUC’s Onsi Sawiris School of Business Executive Education has been a driving force in reshaping healthcare leadership, offering specialized programs that blend academic excellence with practical insights. These efforts have contributed to developing leaders who are well-equipped to navigate the complexities of the healthcare industry. The experience gained through these efforts has paved the way for the Health Biz program, positioning it as a solution for revamping healthcare management in Saudi Arabia.

Founded in 1992 by a royal decree, SCFHS has been at the forefront of advancing healthcare through continuous education and training. Kicking off this collaboration with AUC, the initiative combines SCFHS's dedication to healthcare excellence with AUC's expertise in executive education, setting a new standard for healthcare leadership in Saudi Arabia.

The Healthcare Business Program Health Biz aims to impact healthcare leadership, equipping healthcare managers and executives with the skills needed to lead in a rapidly evolving market. It emphasizes advanced leadership, strategic planning, financial stewardship, and data-driven performance improvement. The program also spans key sectors such as workforce optimization and risk oversight models, which are essential for driving healthcare transformation and ensuring organizational resilience.

Participants of the program are set to gain valuable insights into visionary governance, agile strategic thinking, value-driven HR practices, and advanced health informatics systems. This curriculum is further enriched with enterprise risk management strategies, a focus on fostering a culture of patient safety, and adaptive leadership for managing change. All of this is facilitated by expert academics through case-based peer learning, ensuring a dynamic and collaborative learning experience.

Tailored to meet the unique needs of participants, this groundbreaking program is launching its first round in Riyadh. It aims to not only enhance the skills and knowledge of healthcare professionals but also to instill a culture of compassion and competence in managing health systems under complex situations.

This partnership between AUC’s Onsi Sawiris School of Business Executive Education and SCFHS is more than just an educational initiative; it represents a commitment towards a healthier future for all. By fostering a collaborative environment that combines academic rigor with healthcare management expertise, the Health BIZ program is set to create an impact on the healthcare landscape in Saudi Arabia. For more information about the Healthcare Business Health Biz program, please visit the SCFHS website.

To explore similar programs or connect with our Business Solutions Unit, please reach out to us and discover our full portfolio of offerings.

7

Cabinet watch

Cabinet approves stricter drug test laws, oil explorations contracts, green financing front the EU, and Sinai land use rule extensions

Stricter drug test laws, oil contracts, green financing, and an extension of Sinai land regulations were given the cabinet thumbs up yesterday during another one of its weekly meetings.

#1- Gov’t clamps down on those evading drug tests: The cabinet approved a draft law amending provisions of the Traffic Law that will worsen penalties for evading drug tests “intentionally and unjustifiably.” Those who evade drug tests will be classed as having received a positive result, with a penalty of imprisonment for no less than one year for anyone driving under the influence of drugs or alcohol, or driving against traffic in public roads.

#2- USD 133.8 mn worth of oil exploration agreements given the greenlight: The cabinet approved two draft commitments between the government-owned Egyptian Natural Gas Holding Company and Egyptian General Petroleum Corporation and unnamed international companies to search for and exploit gas and oil reserves.

The details: The first agreement is for the exploration and exploitation of gas and crude oil in the East Port Said offshore area, the second is for oil exploration in the Western Desert, and both projects involve the drilling of a minimum of four wells and provide training grants

#3- The cabinet also approved a EUR 7 mn comprehensive technical support package to support Egypt’s green transition— dubbed the European Green Facility initiative — that was inked between Egypt and the EU in October.

Who’s getting the funds? The money will be distributed among the ministries of irrigation, agriculture, and housing to support water sustainability and the country’s green transition.

#4- The cabinet extended a 2017 ruling on ownership and licensing of land in the Sinai Peninsula that is informally inhabited until 10 November, 2025, with the decision coming “in light of the ongoing submission of requests by citizens for land regularization.”

8

Moves

Zaki Hashem appoints Tewfik Shehata as senior partner for litigation and arbitration. PLUS: United Bank taps new IR head

Law firm Zaki Hashem has appointed Tewfik Shehata (LinkedIn) as a senior partner heading the Litigation and Arbitration Departments, according to a statement (pdf). Shehata is rejoining Zaki Hashem, where he worked as a senior partner for 14 years before moving to his own private firm nine years ago.

AND- United Bank tapped Moustafa Adel as the lender’s Investor relations head, according to an EGX disclosure (pdf).

9

Also on our Radar

MNT-Halan enters the UAE market with Halan Advance launch. PLUS: Hassan Allam Utilities + ACWA Power, Somabay + Taqa Arabia, AMEA Power, Monoprix + TMT

FINTECH-

MNT-Halan enters the UAE market with Halan Advance launch: Egyptian fintech leader MNT-Halan has expanded into the UAE with the rollout of its early salary access service, Halan Advance, targeting the Emirates’ over 3.7 mn underbanked expatriate community, the fintech unicorn said in a statement (pdf). MNT-Halan has a target of building its customer base in the country to 250k by the end of next year.

What they said: “The GCC is a powerful hub for financial innovation, and launching in the UAE marks a significant step in our regional expansion,” MNT-Halan CEO Mounir Nakhla said.

RENEWABLES-

#1- Hassan Allam and ACWA’s Gulf of Suez wind farm secures OPEC Fund backing: The OPEC Fund for International Development has approved a USD 40 mn loan for local energy and infrastructure leader Hassan Allam Utilities and Saudi renewables giant ACWA Power’s 1.1 GW wind farm in the Gulf of Suez — poised to be the largest wind power project of its kind in the Middle East, a statement from the fund reads. The financing adds to USD 510 mn already raised, including USD 200 mn from the EBRD and USD 170 mn from the AfDB, for the USD 1.1 bn project.

This isn’t the only renewables project in Egypt with OPEC backing: The OPEC Fund is also backing a ACWA’s 200 MW solar project in Kom Ombo, which set to be the largest privately owned solar plant in the country and power 130k households when operational.


#2- Somabay and Taqa Arabia open Egypt’s largest renewables-powered water desalination plant: Our friends at Somaby and Taqa Arabia inaugurated the first 3.7 bn cbm phase of a solar-powered water desalination plant that will provide safe and clean water for the resort on the Red Sea, according to an EGX disclosure (pdf). A contract for a second 3.7k cbm phase of the project has been signed, with the addition set to be completed by May 2025.


#3- FMO is a mulling a further USD 30 mn investment into AMEA Power’s Abydos solar project: Dutch development bank has proposed a USD 30 mn loan to support the development, construction, operation, and maintenance of a 150 MW battery energy storage system at AMEA Power’s 560 MW Abydos solar plant in Kom Ombo, according to a disclosure from the development bank. The proposed investment follows a USD 36 investment from the lender for the solar plant that was approved in 2022.

EXPANSION-

Monoprix to launch in Egypt in 2025: French retail chain Monoprix is entering the Egyptian market through a partnership with Circle K franchise operator TMT for Food and Beverages, with plans to open 15-20 stores annually starting 2025, the French company said in a statement (pdf).

10

PLANET FINANCE

A US trade war could force the ECB to bring rates back down to emergency levels

The European Central Bank (ECB) could move to slash interest rates to “emergency levels” to mitigate the impact of a US-led trade war, the Financial Times reports. These potential cuts would come just two years after the ECB ended eight years of negative rates aimed at combating post-pandemic inflation.

The trade war in a nutshell: Donald Trump’s “America First” trade policies are shaking up global markets. Trump floated a 60% tariff on Chinese goods — and later, promised an additional 10% tariff — and a 10% tariff on imports from other countries, along with a separate tariffs on Canadian and Mexican goods.

The EUR’s not loving this: Since late September, the EUR has dropped more than 5%, now trading around USD 1.06. Investors are already pricing in potential ECB moves, with swaps markets predicting the deposit rate could fall to 1.75% from 3.25%. If things get worse, Pimco’s chief investment officer for global fixed income, Andrew Balls, expects even steeper cuts, warning of a dive into “emergency levels of policy rates.”

Across the Channel: The UK isn’t immune to trade war effects. Investors anticipate the Bank of England will slash rates by three-quarters of a point by the end of 2025, bringing interest rates to 4%.

US financial moderation isn't completely off the table: Trump’s nomination of hedge fund manager Scott Bessent as Treasury secretary could signal a shift toward more measured economic policies. Bessent has advocated for gradual implementation of policy changes, which has eased some market concerns. This perception of moderation has contributed to a slight retreat in the USD from its post-election high.

MEANWHILE- A positive US inflation report showing no significant movement is the latest economic data to indicate a rate cut from the Federal Reserve is likely when it meets next week, Reuters reports.

MARKETS THIS MORNING-

Asian markets are mostly in the green, with Japan’s Nikkei, South Korea’s Kospi, and Hong Kong’s Hang Seng all up, tracking a rally on Wall Street that saw the Nasdaq close at a record high. Futures, however, slipped slightly following the news.

EGX30

30,739

+0.4% (YTD: +23.5%)

USD (CBE)

Buy 50.59

Sell 50.72

USD (CIB)

Buy 50.60

Sell 50.70

Interest rates (CBE)

27.25% deposit

28.25% lending

Tadawul

12,149

-0.4% (YTD: +1.8%)

ADX

9271

+0.2% (YTD: -3.2%)

DFM

4795

+0.03% (YTD: +18.1%)

S&P 500

6084

+0.8% (YTD: +27.6%)

FTSE 100

8302

+0.3% (YTD: +7.4%)

Euro Stoxx 50

4959

+0.2% (YTD: +9.7%)

Brent crude

USD 73.52

+1.8%

Natural gas (Nymex)

USD 3.35

-0.8%

Gold

USD 2753.70

+1.3%

BTC

USD 101,784.30

+5.1% (YTD: +138.8%)

THE CLOSING BELL-

The EGX30 rose 0.4% at yesterday’s close on turnover of EGP 3.7 bn (36.4% below the 90-day average). Regional investors were the sole net buyers. The index is up 23.5% YTD.

In the green: Eastern Company (+4.3%), Oriental Weavers (+2.1%), and Palm Hills Development (+1.6%).

In the red: GB Corp (-3.4%), Juhayna (-2.6%), and Emaar Misr (-2.3%).

11

Diplomacy

Abdelatty talks Syria with US Secretary of State Anthony Blinken

Abdelatty, Blinken discuss the latest developments in Syria: Foreign Minister Badr Abdelatty held a phone call yesterday with his American counterpart US Secretary of State Anthony Blinken, in a conversation wherein Abdelatty emphasized Egypt’s support for the Syrian state, its sovereignty, and the unity of its territories, according to a statement from the Foreign Affairs Ministry. The two agreed on the importance of adopting a comprehensive political process in Syria that includes all Syrian national parties, affirming that to be the way forward for stability in the country.

Abdelatty also reiterated Egypt's rejection of Israel’s incursions on the buffer zone with Syria, calling it a flagrant violation of international law and a violation of Syria’s sovereignty.

PLUS- Planning and International Cooperation Minister Rania Al-Mashat landed in Poland yesterday for the first Egyptian-Polish Joint Committee in over 30 years, where the two sides discussed Egyptian-European relations ahead of Poland heading the presidency of the Council of the European Union in January 2025, according to a statement from the ministry.

12

My Morning Routine

My Morning Routine: Hala Abdel Wadood, CEO of Moharram & Partners

Hala Abdel Wadood, CEO of Moharram & Partners: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is the CEO of Moharram & Partners, Hala Abdel Wadood (LinkedIn). Edited excerpts from our conversation:

My name is Hala Abdel Wadood. I’m the CEO of Moharram & Partners (M&P), the largest public affairs and strategic communications consultancy in Africa and the Middle East. I’m a mother of two sons, aged 24 and 21, and the daughter of a diplomat — a background that has profoundly shaped who I am.

Before joining M&P, I served as the director of public affairs, sustainability, and communication for Coca-Cola Atlantic in North Africa. Prior to that, I led public relations, CSR, and quality management for Orange Telecommunications’ B2B division. My career began at the Ministry of International Cooperation, followed by roles at the American University in Cairo and other organizations. I’m actively involved in various business associations, including AmCham, BEBA, and the French Chamber of Commerce and Industry in Egypt, and I’m a board member of Ahl Masr Burn Hospital. Additionally, I’ve been a Rotarian for nearly 20 years and am a certified NLP practitioner and life coach.

As CEO, I’m responsible for shaping M&P’s vision and long-term strategy while ensuring alignment with market dynamics. I lead by example, fostering a strong organizational culture and ethical standards. My role involves decision-making, problem-solving, and stakeholder management — both internal with employees, and external with clients.

While I prefer to empower my team without micromanaging, I step in when guidance or coaching is needed. Client satisfaction is paramount. Being a consultancy, we must deliver exceptional service and ensure client needs are met. Profitability is also a key focus, achieved by guiding and supporting my team alongside our founder, Moustafa Moharram. We continuously adapt to innovations like AI, social media, and evolving global challenges, from economic shifts to geopolitical events.

Moharram & Partners was founded in 2015 by chairman Moustafa Moharram to revolutionize public policy and strategic communication in the Middle East and Africa. We identified a critical gap — while PR and marketing agencies were common, few specialized in government relations and public policy. Many multinational companies lacked the resources to navigate regulatory environments, leaving room for a firm like ours to step in as an extension of their teams. For instance, when I was at Coca-Cola, M&P complemented our small team, managing multiple countries’ regulatory needs. Our mission is to empower clients by providing expert guidance to navigate policy challenges, combat misinformation, and engage with stakeholders. Whether clients need support for a single project or ongoing partnership, we offer tailored solutions to help them expand and thrive in new markets.

The rapid pace of change, driven by social media, AI, and global economic and political events, is transforming public policy and strategic communication. Covid-19 normalized remote work — once a rare privilege — and digital communication tools have become essential. Additionally, sustainability and corporate social responsibility are now integral to our clients’ strategies. We help them navigate crises, decide when to act or remain silent, and manage their online presence proactively.

My day starts with a cup of tea and a quick review of morning readings, including EnterpriseAM. I skim through WhatsApp messages and emails, connecting with people through short messages. While getting ready, I catch up on news, perform household tasks, and prepare for my commute from Heliopolis to the Smart Village. During the drive, I listen to audiobooks and handle morning calls, ensuring a productive start before diving into my day’s meetings.

An exceptional day is when I don't have back-to-back meetings. My workdays are packed with back-to-back meetings, both internal and external, but I prioritize one-on-one time with my team to discuss work and personal challenges to foster strong connections. During my commute home, I catch up on missed calls and connect with family and friends. Despite the time zone difference with my sons in the US, I communicate with them daily, even if through a text message. Evenings are often filled with business events, family gatherings, or extracurriculars, such as Rotary meetings, which I’ve attended consistently for 20 years.

Daily prayers and connecting with loved ones are a constant in my day. I make sure I focus on my daily prayers and remembering my late parents in my prayers everyday. I also make it a point to check in with family and friends, either through calls or messages. These rituals provide emotional grounding and a sense of connection throughout my day.

Balancing diverse responsibilities requires disciplined time management. Each night, I list the next day’s priorities, ensuring nothing critical is overlooked. At some point when my kids were younger, I had my responsibilities as a mom and my responsibilities at work, which could be quite difficult to balance. Achieving work-life balance in a dynamic consultancy environment is challenging. I’ve learned to disconnect when needed, recognizing that burnout is inevitable without proper rest. I recharge by traveling, engaging in new activities like rally judging or shooting, and spending quality time with friends and family. These experiences invigorate me and help me maintain balance.

I've been mentored and I want to mentor others. I want to pass on the information, the knowledge, and the experience to others — whether my colleagues, family, friends, or anybody who wants any sort of help or guidance.

Several mentors, including my parents, emphasized the importance of passion, values, and work ethic. They taught me that when you keep your values and work ethic and work with passion while believing in yourself, you can achieve anything you want. Believing in myself has been transformative, enabling me to achieve what I once thought impossible. This advice has shaped my career, boosted my confidence, and driven my personal growth.


2024

DECEMBER

12-21 December (Thursday-Saturday): Turathna handicrafts and heritage exhibition, Egypt International Exhibitions Center, Cairo

15 December (Sunday): MPs will reconvene in the House

15-17 December (Sunday-Tuesday): Nebu Expo for Gold & Jewelry, Cairo, Egypt

16-17 December (Monday-Tuesday): Mining World Conference 2024, London, UK

22 December (Sunday): The Nahda University Economic Forum’s third edition is set to take place

26 December (Thursday): Central Bank of Egypt’s Monetary Policy Committee meeting

EVENTS WITH NO SET DATE

End of 2024: The launch of the high-speed train line linking Ain Sokhna with Al Alamein City

2025

January: CBE to launch InstaPay remittances for Egyptians abroad

February: Orascom Pyramids Entertainment to bring total investments in the Pyramids Plateau to EGP 1.5 bn

1 January (Wednesday): The minimum pension will increase to EGP 1.5k, and the maximum to EGP 11.6k

14 January (Tuesday): The 4th edition of the Egypt Economic Summit will take place.

28 January (Tuesday): Nigeria to inaugurate the USD 5 bn Africa Energy Bank in Abuja

17-19 February (Monday-Wednesday): EGYPES Technical Conference, Egypt International Exhibition Center, Cairo, Egypt.

18-19 February (Saturday-Sunday): German-Egyptian Joint Economic Committee meetings, Cairo, Egypt

7-10 April 2025 (Monday-Thursday): EFG Hermes One on One conference, Dubai, UAE

May 2025: Egyptian Exporters Association (Expolink) exhibition, Italy

July 2025: The first operational trail of Egypt-KSA electricity interconnection line.

March 2025: Operation of phase one of the Amotope wind farm

EVENTS WITH NO SET DATE

Early 2025: The Communications Ministry will unveil the second edition of its national AI strategy in early 2025

1H 2025: Digital Financial Identity Company will launch an electronic bank account opening service

1Q 2025: Eipico’s biopharma plant to begin operations

1Q 2025: Finance Ministry to launch public consultations on its tax policy document

2Q 2025: Financial Regulatory Authority (FRA) to introduce derivatives on the EGX

2Q 2025: Safaga Terminal 2 to start operations

Mid-2025: The Administrative Capital for Urban Developments to roll out the second phase of offering industrial plots to investors

2025: The InterAcademy Partnership assembly

2025: Nile Basin States Summit, Cairo, Egypt

2025: Release of the government’s Startup Charter document

2027

20 January-7 February: Egypt to host the African Games

EVENTS WITH NO SET DATE

End of 2027: Trial operations at the Dabaa nuclear power plant expected to take place

September 2028: First unit of the Dabaa nuclear power plant begins operations

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