Leadership lessons with Egyptian entrepreneur Ahmed El Hefny

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WHAT WE’RE TRACKING TONIGHT

US-Iran strikes put peace agreement on life support

Good afternoon, friends, and welcome back — the weekend flew by, but the good news is there’s another long one just around the corner. In the meantime, we have a packed issue to carry you through. We sit down with Egyptian entrepreneur Ahmed El Hefny to ask what leadership actually looks like when you’re building businesses, and break down a podcast for anyone who likes their tech news served with a side of sharp analysis. And of course: Egypt are through to the knockouts, the Round of 32 begins tonight, and we have everything you need ahead of kick-off.

First things first, the news…

THE BIG STORY ABROAD-

🌐 US and Iran continue exchanging strikes — the second consecutive day of military action. The strikes are the latest escalation in a rapidly deteriorating situation that began yesterday with Iran attacking a Panama-flagged oil tanker in the Strait of Hormuz. The US responded with strikes on Iranian missile, drone, and radar sites. “There may come a point when we are no longer able to be reasonable, and will be forced to militarily complete the job that we very successfully started,” Trump said on Truth Social, threatening that “​the Islamic ​Republic of Iran ​will ​no longer exist.” Iran’s IRGC then struck US military sites in Kuwait and Bahrain, threatening a “complete halt” to peace talks.

^^Read more on: CNN, BBC, Reuters, Associated Press, and the Guardian.

MEANWHILE- Venezuela is still reeling from the magnitude of the losses caused by the two back-to-back earthquakes that shook the country last week, as the death toll climbs to over 1.4k. Rescue teams are racing against time in Venezuela as efforts continue to find survivors. The search has been complicated by ongoing aftershocks. So far, the earthquakes have left 3.2k injured, 3.1k homeless, and almost 69k reportedly unaccounted for.

^^Read more on: CNN, BBC, Associated Press, and the Guardian.

AND- France has recorded around 1k excess deaths since 24 June, according to Public Health France, during the intense heatwave. The heatwave has swept across western Europe and is now moving east — with more record temperatures expected as it advances toward Poland and central Europe.

^^Read more on: The Guardian, Reuters, BBC, and Associated Press.

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

  • Egypt’s recent state-asset sales satisfy the IMF’s latest review targets, clearing the way to unlock roughly USD 1.6 bn in financing. The seventh review under the USD 8 bn Extended Fund Facility is progressing, with the IMF aiming to hold board meetings this summer that would unlock the disbursements;
  • NNS Holding — the Cyprus-incorporated arm of Nassef Sawiris’ private family office — intends to launch a voluntary allcash public offer of EUR 4.10 per share for all of OCI Global’s issued and outstanding shares. NNS says the offer is designed to break the deadlock over the company’s proposed merger with Orascom Construction;
  • The FRA is putting a compliance gate around NBFIs’ branch expansion. The regulator amended its rules for registering, moving, and closing branches. The goal is to let compliant non-bank finance firms expand geographically while clamping down on firms with unresolved violations or sloppy reporting.

☀️ TOMORROW’S WEATHER- It seems we’re in for another tad-too-warm start to the week in Cairo, with the mercury set to peak at 37°C, alongside a low of 25°C. Up north, expect a high of 31°C and a low of 21°C, according to our favorite weather app.

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PROFESSIONAL ADVICE

How to be a better leader with Egyptian entrepreneur Ahmed El Hefny

💼 Leadership isn’t something that comes naturally to everyone — it’s a skill that takes time, practice, and yes, the occasional misstep to master. In this EnterpriseAM vertical, we’re asking industry players what makes a great leader. Speaking to us this week is Ahmed El Hefny (LinkedIn), co-founder of Amazon marketing partner Amzolute and CEO and creative director of homegrown fashion brand Zonta.

EnterpriseAM: What’s a leadership lesson you wish you had learned earlier than you did?

Ahmed El Hefny (AEH): That great leaders design cultures — that’s because culture eats strategy for breakfast. What that means is, in my early days, I was more focused on strategizing and planning. What I’ve since learned is that your number one job as a leader is to create more leaders, not followers of the company strategies.

Another thing I’ve learned over the years is that it’s not what you tell people, it’s how you make them feel. Entrepreneurship, at the end of the day, is a people-first endeavor. It’s not numbers, it’s not data — essentially, it’s people. So you have to understand that when you're dealing with people, a lot of the time it's never about what was said; it's about how they feel, how that person feels about what was said. That carries over to achieving the targets and the goals.

E: Being in the business of people is tough. Sometimes you find yourself trying to balance empathy with still being able to make tough decisions. How would you say you're able to achieve that?

AEH: You have to be able to have the hard conversations because, at the end of the day, you're doing both parties a disservice if you're avoiding that — it’ll all blow up. One of the key things for a leader to establish early on is trust, clear communication, and transparency with everyone on the team. That goes both ways, because the team trusts that you're going to give them transparent, open, and kind communication.

There's always a way to give feedback where it's constructive, where it empowers the team, and where there are lessons learned for everyone to grow from. So, when the time comes for a difficult conversation — whether that means someone is underperforming, or someone has reached a point where they’re no longer serving the company, or we've reached a dead end — I think it's very important in those conversations to be very honest.

People are really smart; they don't want to beat around the bush. They don't want to hear some bluff about why the company has decided to move in a different direction. I think what is actually beneficial is to have an honest conversation about what's happening, what went wrong, and why this role is no longer beneficial for both parties.

I've been in those situations many times, and honestly, I'd say nine times out of 10 it worked out best for both parties. You don't have to be harsh, you don't have to be personal, you don't have to be aggressive — always be kind.

E: Some decisions don’t land well with everyone, which can create conflict — how do you navigate that?

AEH: Everything boils down to culture. If you’re making space for constructive dialogue, disagreements won’t be viewed as personal attacks. It’s not about seniority or position. In the teams I’ve worked with, we stress that the best, most informed, data-driven opinion always comes first. This creates an environment where I encourage the team to criticize my opinions, to challenge them, to challenge their manager's opinions, and explain why x might not work.

This, in my opinion, is great for leaders because you feel protected, because you hear the mistakes or you hear the potential downfalls or the potential risks of that decision from your team first. It saves you a lot of issues from having to hear it from a client. I think that’s very important to establish early on, and it’s also very important to establish and clarify the fine line between disagreeing and being disrespectful.

E: What do you think makes a great leader?

AEH: If I were to put a silver plaque under what a great leader is, I would say great leaders create more leaders. That, to me, is the epitome of leadership. On the other hand, when a leader doesn’t know how to lead, they start micromanaging. That’s something to keep in mind. You have to trust that you are nurturing other leaders within the company, and you have to trust that they are able to lead their different departments and make their own decisions.

E: Is there a time when you felt you might have failed as a leader?

AEH: I think there are a lot of times when I feel I could have done better. I think “failed” is a very big word that I tend not to use lightly. But I think there are a lot of times when I notice there are things or decisions I should have tackled better as a leader. Most of those times are when I felt the need to take the decision myself or to jump in and fix or amend something that would have been much better served for the company and for the organization had I trusted the leader of that department and had some more patience to give them the time they needed to reach that conclusion on their own and actually learn from the process of reaching that conclusion, instead of me just jumping in.

This is something leaders have to address and work on: patience. Even if you know the answer right away, it’s much better for the company if your people can reach it on their own, even if it takes a little extra time.

E: Any last words?

AEH: Leadership is inversely related to the size and fragility of the ego. A lot of times, you have some leaders — I see it at networking events or when I meet other company leaders at conferences — with big egos. Whenever we have someone with such a big ego, it's usually a red flag because they would lack the humility and patience required to be able to nurture leaders from within the team.

A lot of times, as a leader, your team is going to challenge your ideas and your team is going to show you why your idea is actually the worst idea, not the best. You have to have humility, and you have to have the understanding and patience to handle that.

💡 Looking for more professional advice? Catch up on our interviews with the IFC’s Cheick-Oumar Sylla, Peace Cake’s Kareem Abou Gamrah, and B.Tech’s Mahmoud Khattab.

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Ears to the Ground

The a16z show offers a smorgasbord of business and tech knowledge

🎧 Craving your daily dose of tech and culture news? The a16z show has got you covered. All about the headlines, movements, and people making waves in the tech sphere, now and in the future, the podcast — brought to life by Silicon Valley-based VC firm Andreessen Horowitz — leaves no relevant tech stone unturned.

What to expect: With a rotating roster of hosts featuring a slew of experts, analysts, and leaders from within Andreessen Horowitz, each episode invites guest experts to discuss different facets pertaining to tech and AI — with an emphasis on the latter. Topics include the future of tech security, the new geopolitics of emerging tech, and navigating crises in the workplace.

In one episode that caught our attention, co-hosts Sophia Dew and Binji Pande talk to Russian-Canadian programmer Vitalik Buterin, founder of Ethereum Blockchain, on what it means to have human agency in the age of AI — and whether that’s still possible at all. The episode discusses the evolving relationship between man and machine, and why now, more than ever, critical thinking and creativity are non-negotiable skills to hone.

What we liked: The co-hosts’ passion and energy are palpable — particularly Dew’s, whose energy kept us focused and engaged throughout the 25-minute episode. We also particularly enjoyed the hosts’ eschewing of the traditional interview format, instead tackling the discussion in a more fluid manner, with all three speakers volleying off each other. Buterin also discusses the path toward starting his company as a teenager — a segment we found insightful.

What we didn’t: If we were to get nit-picky, we’d say our only gripe with the episode was the subpar voice quality on Vitalik’s end, especially compared to the crisp audio on the hosts’ end.

The verdict: The a16z show is a podcast that tackles business- and tech-heavy topics, yes, but it presents them smoothly and accessibly — much thanks to its hosts’ experience. The short runtimes, typically 20-50 minutes, make for a speedy listen — even more so if you’re a 1.5x listener like us. With over 1k episodes in its backlog, there’s plenty to keep you busy, educated, and entertained.

WHERE TO LISTEN- You can tune in on Apple Podcasts | Spotify | Anghami.

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Sports

Egypt into the Round of 32, Iran out, and your World Cup weekend catch-up

⚽ The group stage is over, and the knockout rounds begin tonight with South Africa vs. Canada at 10pm at the Los Angeles Stadium. It’s a special occasion for both sides — South Africa’s first-ever World Cup knockout game and Canada’s first as well, with the co-hosts reaching the last 32 for the first time in their history. The kicker? One goes home tonight.

On our radar tomorrow:

  • Brazil vs. Japan — 8pm, beIN Sports Max 1;
  • Germany vs. Paraguay — 11:30pm, beIN Sports Max 2.

🥅 ICYMI-

Let’s start where it matters most. Egypt’s spot in the Round of 32 was confirmed in dramatic fashion on Friday in Seattle, after a 1-1 draw with Iran that came within seconds of going very differently. Egypt went ahead in the fifth minute, and Iran equalized nine minutes later. From that point on, it was a tense, tight affair, with both teams pushing with all their might.

Iran’s Khalilzadeh thought he’d secured it with a goal in the third minute of stoppage time, rifling it into the roof of the net, but VAR ruled it out for offside — breaking Iranian hearts and confirming the draw. Egypt progressed to the Round of 32 as Group G runners-up, where they will face Australia at the Dallas Stadium on Friday, 3 July, at 9pm Cairo time (this is your cue to get a head start on making plans).

While we would have loved for our Pharaohs to remain on top of the group rather than be runners-up, the silver lining is the fact that Egypt won’t have to face Senegal — arguably Om El Donia’s biggest continental rival — but rather Australia, which many may deem an easier opponent. The catch? If we secure a victory against our friends from Down Under, we’ll likely be facing Argentina should they send Cape Verde packing. Now that would be a nail-biter if we’ve ever seen one.

Beyond the Pharaohs’ weekend conquest, here’s everything else that went down early this morning. The final group-stage fixtures took place last night and early this morning. England beat Panama 2-0 at midnight, with Harry Kane becoming England’s all-time World Cup top scorer with 11 goals. In the simultaneous fixture, Croatia edged Ghana 2-1. At 2:30am, Colombia and Portugal played out a goalless draw in Miami — both through to the Round of 32.

DR Congo beat Uzbekistan 3-1 to claim one of the eight best third-place spots. Both Group J finales delivered their fair share of action, with Algeria and Austria drawing 3-3 in Kansas City, sending both through and eliminating Iran in the process. Argentina also beat Jordan 3-1 in Dallas, with Messi extending his record to seven consecutive World Cup games with a goal.

**Don’t miss out on the fierce competition in the EnterpriseAM Fantasy World Cup — click on this link or use the code 2CUFGASD to join.

This publication is proudly sponsored by

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Mark Your Calendar

Hesham Maged makes his stage debut this July with Khayal Mareed at Theatro Arkan

🩺🎭 Hesham Maged is back with another comedy project for your summer comedy fix, this time with his first-ever play, Khayal Mareed, at Theatro Arkan. Running every day at 8pm from Tuesday, 7 July, to Friday, 24 July, the interactive play stars Mohamed Abdel Rahman, Hanady Mehanna, Ahmed El Rafaie, Dina Diab, and more. You can secure your tickets on TicketsMarche.

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GO WITH THE FLOW

What the markets are doing on 28 June 2026

The EGX30 fell 2.1% at today’s close on turnover of EGP 7.4 bn (15.2% below the 90-day average). Local investors were the sole net buyers. The index is up 20.4% YTD.

In the green: ADIB (+0.8%) and Misr Cement (+0.3%).

In the red: Ibnsina Pharma (-6.2%), Orascom Construction (-6.0%), and Kima (-5.5%).


🗓️ JUNE

10 June - 1 July (Wednesday-Wednesday): Artozium at AUC New Cairo.

13 June - 1 July (Saturday-Wednesday): Miriam Hathout: Donkey-Full Summer at Bugendai, O1 Mall in New Cairo.

20-30 June (Saturday-Tuesday): Diwan’s Bumps, Dents, & Bargains Bonanza at Diwan, Heliopolis.

21-28 June (Sunday-Sunday): The Stadium at Playa Strip By G Developments, North Coast.

28-29 June (Sunday-Monday): Omar Khairat at the Cairo Opera House, Zamalek.

28 June - 3 July (Sunday-Friday): Egyptian Fan Zone at The Green River, New Capital.

30 June (Tuesday): Cairo Comedy Club at CJC 610.

30 June (Tuesday): Early bird registration ends for The Marakez Pyramids Half Marathon.

30 June (Tuesday): June 30th Revolution.

JULY

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

3 July (Friday): Ruby at O by Michel Fadel, Marassi.

4 July (Saturday): Ehab Tawfik at O Michel Fadel, Marassi.

6-20 July (Monday-Monday): Bibliotheca Alexandrina International Book Fair.

7-24 July (Tuesday-Friday): Khayal Mareed Play at Theatro Arkan.

9-11 July (Thursday-Saturday): Comixandria at Jesuit Cultural Center, Alexandria.

10 July (Friday): Mohamed Fouad, Hamid El Shari, Hisham Abbas, and Hossam Hosny at Tiatro Romano, Marina 2, Al Alamein.

10 July (Friday): Honey Drop Vol.3 Ft. Disco Misr at Beachouse One, Seashell.

10 July (Friday): Ghaiboba by Saleh El Nawawy at Teatro 90.

11 July (Saturday): Saleh El Nawawy: Mo7tawa Saleh lel Estekhdam at Teatro 90.

17 July (Friday): Tamer Ashour at Cocoon Beach, Sidi Abdel Rahman.

17 July (Friday): Al Shamy and Mohamed Fadl Shaker at Tiatro Romano, Marina 2, Al Alamein.

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

23 July (Thursday): Marwan Pablo & Lege-Cy at Porto Golf.

24 July (Friday): Tamer Ashour at Tiatro Romano, Marina 2, Al Alamein.

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

29 July (Wednesday): Ali El Haggar at ElSawy Culturewheel.

31 July (Friday): Localine Vol.3 at Masyaf, Ras El Hekma.

31 July (Friday): Shorelines Festival at Almaza Bay.

AUGUST

6 August (Thursday): Massar Egbari at Bibliotheca Alexandrina.

6 August (Thursday): Deep House Bible at North Coast.

6-15 August (Thursday-Saturday): The Garden Market at Lakeyard, Hacienda Bay, North Coast.

7 August (Friday): Sherine at Porto Golf, Alamein City.

7 August (Friday): Cairokee Ft. Disco Misr at D-Bay, North Coast.

14 August (Friday): Nawal El Zoghby and Wael Jassar at Tiatro Romano, Marina 2, Al Alamein.

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

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

27 August (Saturday): Jadal at Bibliotheca Alexandrina.

29 August (Monday): Jadal at El Sawy Culturewheel, Nile University, Sheikh Zayed.

SEPTEMBER

26 September (Saturday): John Achkar’s Feena Nehke at Theatro Arkan.

OCTOBER

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

6 October (Tuesday): Armed Forces Day.

15-23 October (Thursday-Friday): El Gouna Film Festival.

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

28-31 October (Wednesday-Saturday): Egypt’s Cheese Festival at Al Horreya Garden, Zamalek.

NOVEMBER

5 November (Thursday): Gala De Danza at the Grand Egyptian Museum.

11-20 November (Wednesday-Friday): Cairo International Film Festival.

19-28 November (Thursday-Saturday): Cairo Design Week.

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

DECEMBER

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

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