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How Mashtal scaled Egypt’s largest online nursery

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WHAT WE’RE TRACKING TONIGHT

Snackmaker Edita secures EGP 600 mn loan

🍃 Good afternoon, friends, and welcome back. With the spring breeze upon us, one may feel the need to be surrounded by nature — or as folks on Reddit would say, touch some grass. In that spirit, we sat down with Karim Harouny, CEO of Egypt’s first and largest online garden center, Mashtal, to talk about all things green, business, and AI.

In today’s issue, we also take a look at the less-than-stellar sequel to Netflix’s Beef, bring you up to speed on the latest happenings in the world of football, recommend your next family outing, and more. Up first, the news…

THE BIG STORY TODAY-

📍 Snackmaker Edita secured a EGP 600 mn, seven-year loan to add new production lines and ramp up capacity, according to a bourse filing (pdf). This signals that Edita is moving to capitalize on its recent intellectual property Ws.

Edita has already set a rapid pace for growth, beginning with its EGP 320 mn acquisition of production machinery and four production lines in October 2025, followed by a January 2026 agreement with Hostess Brands to expand ownership of the HTT brands across 45+ African markets.

^^ We’ll have more on this story in tomorrow’s edition of EnterpriseAM.


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What's with the "+" in MENA+? We think one of the most powerful stories in the region is the *export* of ideas and capital not just to neighboring regions (Asia, the Stans) but to international financial centers. MENA countries are jockeying for position in the new global economy now taking shape, and we're going to shape that conversation.

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** CATCH UP QUICK on the top stories from today’s EnterpriseAM:

  • The New Urban Communities Authority will penalize developers and individuals who are sitting on plots they’ve been allocated, waiting for price appreciation instead of building;
  • BMI cut its growth forecast for the Egyptian economy to 4.5% in the current fiscal year, down from 5.2% before the outbreak of the war in the Gulf. The updated forecast marks a 0.4 percentage point cut from the mid-March outlook;
  • FRA Chairman Islam Azzam was appointed as the vice chair of the International Organization of Securities Commissions for the 2026/28 term.

☀️ TOMORROW’S WEATHER- We’ll be feeling cool in Cairo tomorrow. Temperatures in the capital are set to peak at just 26°C, with a low of 14°C, according to our favorite weather app.

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AFTER HOURS

From Garden City to Egypt’s gardens — how Mashtal scaled Egypt's largest online nursery

🌼 Spring is here and Cairo is in full bloom. In celebration of the season, we caught up with Karim Harouny, the CEO of Mashtal, Egypt’s first and largest online garden center. From a small team working out of a studio in Garden City to a robust operation with 44 employees, Mashtal has grown organically by listening to its community. Harouny discusses the evolution of his “dream project,” the challenges of scaling in a fluctuating economy, and how AI is helping his team work smarter.

EnterpriseAM: Mashtal was launched in 2017, but you’ve described it as a project 15 years in the making — what was the original spark?

Karim Harouny: Mashtal was designed to be the one-stop shop I wished existed — a place where novice and professional gardeners alike could get the tools, the media, and, most importantly, the knowledge they need. While working in corporate jobs and launching a couple of other businesses, Mashtal was always my dream once I got all my moneymaking businesses out of the way. Things didn’t turn out exactly as planned, so one day I decided to just go for it and do what I love.

E: Did you study horticulture before starting Mashtal?

KH: Not formally, but I am permaculture certified, and plants are in my DNA. My grandfather owned a farm in Lebanon, my family in Egypt has land in Mansouria, and I’ve spent considerable time in both places. I also liked to spend weekends visiting nurseries in the outskirts of Cairo, and while the plants were beautiful, the experience was lacking. There was no information, no guidance on care, and no easy way to choose what worked for a specific space.

E: You’ve transitioned from a purely e-commerce model to a multifaceted business. What does Mashtal look like today?

KH: We’ve grown into four main units. There’s the e-commerce store, which offers Egypt’s largest online catalog of indoor and outdoor plants. Then we have our projects department, handling residential and commercial landscaping from design to implementation. There’s maintenance, where we provide after-sales care for everything from indoor plants to large outdoor gardens. We even have a “plant hotel” service for our B2B clients in places like Sahel — we pick up their plants at the end of the season and return them when they reopen. Finally, we host seasonal activities like workshops and lectures led by renowned botanists on topics like Pharaonic gardens or bonsai plants.

E: Scaling a business often comes with growing pains. What were some of the “textbook mistakes” you’ve encountered?

KH: Some are painfully obvious in hindsight — like hiring a top-tier accountant before you actually take off. No matter how good you think you are at Excel, it’s never enough for a growing business. Another major challenge was the ERP system. Implementing a robust system while the business is moving at full speed is incredibly difficult, but having that data-driven visibility is essential if you want to grow.

E: How has the current economic uncertainty impacted your operations?

KH: We are dealing with constant fluctuations in the price of raw materials, like imported peat moss and essentials like fuel for our delivery fleet. Suppliers often won't preemptively update us on price changes, so we have a team member whose job is literally to contact them daily to check for adjustments. Despite this, spring remains our peak season, and business on the consumer side remains steady as people look to de-stress through greenery.

E: You mentioned being excited about AI. How is a gardening business using AI tools?

KH: We use technology to help people get off technology. For us, AI is about efficiency. When you’re handling more than 40 customer inquiries a day, AI reduces a seven-minute task to seconds. We’re also using it for landscape design. Instead of spending hours on a complex CAD file, we can quickly generate renders to give a customer a look and feel of a project. It allows us to get immediate feedback before we dive into the technical details. I think it’s transformative when it comes to customer service.

E: Are you seeing a shift in how Egyptians approach gardening? Is it becoming more of a hobby and not something that you hire a gardener to do?

KH: Slowly, yes, but it’s still not the norm. We are, however, seeing customers who are much more knowledgeable about plants. I always tell people that if you want a garden to thrive, you have to get involved. I spend about an hour every Friday morning caring for my plants: dusting leaves, checking for nutrient deficiencies, and watering. It’s like pampering yourself — plants need that same level of care.

E: What’s the most common misconception that we have about plants?

KH: If I give it more water, it’ll be okay. Nine out of 10 times, if a plant dies, the culprit is overwatering. People also forget that they have to feed their plants. So nitrogen, phosphorus, and potassium are your basics.

E: For a novice living in a Cairo apartment with just a small balcony, what is the one “hard to kill” plant you recommend?

KH: For a balcony, I’d suggest the be-still (thevetia). It has beautiful green leaves and yellow or orange flowers from spring through autumn, and it’s incredibly hardy in our climate. For indoors, my favorite is the bamboo palm. It’s lush, resilient, and handles indirect light well. It grows fairly fast and can take a bit of “abuse” if you’re still learning the ropes.

E: What is the long-term vision for Mashtal?

KH: The goal is to move into physical retail — creating experiential spaces where people can spend an entire afternoon. We also want to grow our content on social media and the publishing side, perhaps even moving into offline coffee-table books or publications about landscaping in Egypt.

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ON THE TUBE TONIGHT

Beef S2 isn’t as salty as its predecessor

📺 The award-winning, critically acclaimed A24 anthology series Beef returns for its second season — this time with a less-inspired storyline led by Oscar Isaac and Carey Mulligan. The dark comedy hit hard in 2023, turning a road-rage spiral into a deeply personal rivalry led by career-defining performances from Steven Yeun and Ali Wong. However, the internet just isn’t feeling the second season, with The Guardian going as far as calling it a potboiler, and Variety doubling down with some brutal descriptors: “overcrowded, unfocused, unnecessary.”

What’s cooking this season? Creator Lee Sung Jin goes for relationship drama, corruption, class divides, and status quo shakeups. The story takes place in a luxury country club, where Joshua (Isaac) is the general manager alongside his wife Lindsay (Mulligan). The couple gets embroiled in a blackmail bind when two employees, newly engaged couple Ashley (Cailee Spaeny) and Austin (Charles Melton), witness them in a heated fight, capturing a video that could be job-threatening for the pair.

Why we weren’t impressed: While season two kept a similarly layered premise, it failed to follow through on its own ideas. Season two delivers a White-Lotus-style setup — an exaggerated, out-of-touch world and characters that were difficult to root for. Interesting backstories aside, they were ultimately underwritten amid a narrative that bit off more than it could chew.

“Comparison is the thief of joy” — a major theme on the show… and something we couldn’t help but do. Season one felt sharp, original, and fully assured in its direction and overall message. By contrast, the second season leans into cynicism in the name of realism, feeling less cohesive, and is ultimately shaped by a far less certain creative vision.

Our final verdict: As a stand-alone, the season offers a solid, fun watch on par with an above-average Netflix production. If you’re looking for something with a dense, character-packed storyline, the eight-episode show is worth your time.

(** Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

WHERE TO WATCH- Season 2 of Beef is streaming on Netflix. Watch the trailer on YouTube (watch, runtime: 1:40).

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Sports

Footie we’re watching tonight + everything you’ve missed

It’s a somewhat quiet day on the pitch as we look forward to Crystal Palace taking on West Ham United to wrap up matchday 33 of the Premier League. The match kicks off at 9pm on beIN Sports 2.

In Serie A, Lecce faces off against Fiorentina at 8:45pm on the Starzplay app.

🥅 ICYMI

A dramatic semifinal: Algeria’s USM Alger has qualified for the CAF Confederation Cup final, where they will meet Zamalek. After a goalless draw in the first leg, a 1-1 draw away against Morocco’s Olympic Safi was enough to see them through on the away goals rule. The match was marred by fan violence and clashes in the stands and on the pitch, resulting in several injuries. These disturbances delayed kickoff by 80 minutes and led to a staggering 19 minutes of stoppage time in the second half.

The German champions: Bayern Munich has secured its 35th Bundesliga title with four games to spare, shattering their own records in the process. The Bavarians clinched the trophy at the Allianz Arena with a 4-2 victory over Stuttgart. After falling behind to an early goal, Bayern stormed back with three goals in just six minutes during the first half, adding a fourth in the second. With 79 points, they are out of reach at the top of the table.

In the Premier League: Manchester City moved within striking distance of the top spot yesterday, defeating league leaders Arsenal 2-1. City now sits at 67 points — just three behind Arsenal’s 70 — injecting fresh drama into the final stages of the season and fueling hope for the Cityzens' faithful. That said, City still has a game in hand against Burnley this coming Wednesday — a W would see them pull level on points at the top of the table.

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Mark Your Calendar

Family weekend at the Grand Egyptian Museum

🧑‍🧑‍🧒‍🧒 If you’re overdue for some quality family time, the Grand Egyptian Museum is hosting another Family Weekend on Friday, 24 April and Saturday, 25 April. The spring-themed festival promises a variety of family activities, including hands-on craft workshops, outdoor activities, live acts, and a bustling food market. The event starts at 11am — you can book your tickets on Ticketsmarché.

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GO WITH THE FLOW

What the markets are doing on 20 April 2026

The EGX30 fell 1.1% at today’s close on turnover of EGP 8.4 bn (22.3% above the 90-day average). Local investors were the sole net buyers. The index is up 23.9% YTD.

In the green: Ibnsina Pharma (+3.7%), Rameda (+2.2%), and Palm Hills Developments (+1.0%).

In the red: AMOC (-3.9%), Raya Holding (-2.3%), and Telecom Egypt (-2.3%).


🗓️ APRIL

7 April - 8 June (Tuesday-Monday): Beyond Van Gogh: The Immersive Experience at District 5 by Marakez in New Cairo.

16 April - 30 June (Thursday-Tuesday): Early bird registration for The Marakez Pyramids Half Marathon.

21 April (Tuesday): The Beatles tribute night ft. Glass Onion at Boom Room, Madinaty.

23 April (Thursday): Hisham Kharma at Cairo Opera House main hall.

24 April (Friday): Daylight saving time begins.

24 April (Friday): Medhat Saleh at Ewart Memorial Hall, AUC Tahrir Square.

24 April (Friday): Ain Gamal at Al Manara Main Hall.

24 April (Friday): Marwan Pablo at Music Arena in Antoniads, Alexandria.

24-25 April (Friday-Saturday): GEM Family Weekend at the Grand Egyptian Museum.

25 April (Saturday): Sinai Liberation Day.

25 April (Sunday): The Marketers League at The Grand Egyptian Museum.

27 April - 2 May (Monday-Saturday): Alexandria Short Film Festival.

29 April (Wednesday): El Leila El Kebira at Boom Room, Madinaty.

29 April (Wednesday): Massar Egbari at Tenaya, Maadi.

30 April (Thursday): International Jazz Day at Theatro Arkan.

MAY

1 May (Friday): Labor Day.

1 May (Friday): El Hekaya: Amr Diab at AUC Football Field.

1-2 May (Friday-Saturday): Cotzl’s Step Into the Light bazaar at Al Horreya Garden, Zamalek.

7-9 May (Thursday-Saturday): Sandbox Festival in El Gouna.

7-10 May (Thursday-Sunday): ASEEL Egyptian Horse Festival at the Armed Forces Equestrian Club, Nasr City.

9 May (Saturday): Cairo Vintage Souq at Al Zohriya Garden, Zamalek.

15 May (Friday): Angham at El Arena.

15 May (Friday): Amr Selim at Theatro Arkan.

26 May (Tuesday): Arafat’s Day.

26 May (Tuesday): Andrea Bocelli at the City of Arts and Culture in the New Administrative Capital.

27-29 May (Wednesday-Friday): Eid El Adha (TBC).

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

1 July - 2 November (Wednesday-Monday): General registration for The Marakez Pyramids Half Marathon.

23 July (Thursday): July 23rd Revolution 1952.

24 July (Friday): Adriatique at the North Coast.

AUGUST

21 August (Friday): Black Coffee at Cubix North Coast.

25 August (Thursday): Prophet Muhammad’s Birthday.

OCTOBER

1-4 October (Thursday-Sunday): She Arts festival across Cairo and Alexandria.

6 October (Tuesday): Armed Forces Day.

24 October (Saturday): Blue 25th Anniversary Tour at New Capital.

NOVEMBER

28 November (Saturday): Shakira at the Pyramids of Giza.

DECEMBER

11-12 December (Friday-Saturday): TheMarakezPyramids Half Marathon at the Pyramids of Giza.

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