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Why smart managers sometimes struggle to lead

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WHAT WE’RE TRACKING TONIGHT

Beltone Holding acquires digital and microfinance provider Baobab Group

Good afternoon, friends, and happy hump day. All eyes are on the House of Representatives this afternoon as a session to discuss the anticipated cabinet reshuffle has been pushed to 4pm, delayed from the original 1pm time slot. We’ll have the full rundown of this afternoon’s events in tomorrow’s edition of EnterpriseAM.

THE BIG STORY TODAY-

📍 Beltone fully acquires Baobab: Beltone Holding has acquired digital finance and microfinance provider Baobab Group in a transaction worth EUR 197.6 mn, according to a press release (pdf). The acquisition will serve as an entry point for Beltone into Senegal, Côte d’Ivoire, Madagascar, Burkina Faso, Mali, Congo, and Nigeria.

What does Baobab do? The outfit is a micro and small business finance provider with a strong focus on digital solutions. Baobab caters to nearly 1.6 mn customers and manages a loan book of EUR 848.8 mn as of 3Q 2025, having disbursed around 4 mn loans to small businesses.

THE BIG STORY ABROAD-

🌐 UK oil giant BP shared its 4Q earnings report this morning, suspending share buybacks to “strengthen” its balance sheet, and revealing plans to cut costs by as much as USD 1.5 bn through the end of 2027. BP’s shares fell 5.4% in morning trading after the halt. This comes as lower crude prices weigh on the market and pressure mounts on the company to deliver on its turnaround efforts. The firm’s 2025 NP of USD 1.54 bn matched analyst expectations of USD 1.53 bn.

^^Read more on Bloomberg and CNBC.

Google parent company Alphabet is issuing CHF-denominated bonds for the first time, including maturities ranging from 3-25 years. The tech giant is also lining up banks to sell a rare GBP-denominated 100-year bond set to issue this week. This follows Monday’s record USD 20 bn US offering in a seven-part USD debt sale, upsized from the expected USD 15 bn on the back of strong demand.

^^Read more on Bloomberg and Financial Times.

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

  • Consumers likely won’t see a hike in electricity bills until at least the end of the fiscal year in June, as the cabinet opts to hold rates steady to keep a lid on inflation. By keeping energy costs flat, the Central Bank of Egypt is given more breathing room and confidence to continue its monetary easing cycle;
  • Analysts polled by EnterpriseAM see a clear path for CBE to accelerate rate cuts. Of the 11 analysts we surveyed, nine are calling for an immediate reduction in the overnight deposit rate. Projections range from a cautious 100 bps to a more aggressive 200 bps move;
  • Allianz Trade upgraded Egypt’s short-term country risk rating to D3 in its 2025 Country Risk Atlas, reversing the D4 downgrade in the previous year’s report triggered by 2024’s liquidity crunch.

☀️ TOMORROW’S WEATHER- We’re in for cooler weather in the capital tomorrow, with the mercury set to peak at just 23°C before cooling down to 14°C, according to our favorite weather app.

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FOR YOUR COMMUTE

The perils of being a manager

👔 Smart, hardworking people don’t necessarily make the best leaders — and many high-performing employees-turned-leaders only realize this after stepping into the role. Being a leader often means being put on a pedestal and expected to excel at everything from decision-making to sheer workload capacity. But the reality is this: leadership is less about skill and more about shifting mindsets; less about how much you do and more about how you do it.

Why leaders burn out

You’re a newly promoted manager, and burnout already feels dangerously close — why? It’s not the workload or the number of decisions you need to make. It’s the reality that leaders absorb their teams’ fallout points and what Forbes calls “unclear ownership.” That pressure adds up, and Harvard Business reports burnout hits 85% of mid-level leaders on a weekly basis. A Deloitte report also backs this up, finding that 53% of managers admit they suffer from burnout at work.

The overload starts slowly. An unclear task lands on your desk, a vague expectation prompts yet another follow-up conversation, and a crossed boundary becomes your responsibility. Soon enough, work becomes fragmented, and you’re the glue holding everything together — often not by choice. Every unassigned task becomes a tiring dilemma: “Do it myself, or take time I don’t have to explain it?”

A team of top-performers can still fall apart, and the culprit is often muddled ownership. When people don’t own their decisions, disengagement easily follows. The solution is to make the necessary shift from implicit to explicit ownership, Forbes writes. Let your team make decisions independently rather than waiting for approval.

Shifting the leadership mindset

So, why is this shift difficult to adopt, especially for talented, high-performing leaders? Despite an annual investment ofUSD 366 bn in the leadership development industry, 40% of managers still fail or are moved aside within 18 months of promotion. For smart leaders, the struggle to lead — and the inability to step back — is rooted less in a skills gap than in how our brains are wired.

An identity founded on personal delivery and individual contribution suddenly expands into team outcomes. This is where most executives find themselves trapped, unconsciously operating from what Harvard psychologist Robert Kegan calls the “socialized mind” — a reactive mindset that relies on external validation as the “fixer” or the “doer” for self-worth — a mindset that no longer serves a purpose. And it’s more common than you’d think: research from Leadership Circle estimates that 75% of leaders primarily operate on this socialized mindset.

When tensions rise, internal conflict sets in for leaders who haven’t yet tapped into their internal authority, or what Kegan calls “the self-authoring mind. This self-authoring mindset enables leaders to access more future-oriented, proactive thought processes. A self-generated purpose shifts your sense of self toward an internal value system, relying less on validation from work done by one’s own hands. Research indicates, however, that only 15% of leaders have been able to adopt this mindset.

This is why urging a manager to try harder is ineffective — under pressure, they will instinctively default to the reactive habits they’ve spent years perfecting. Moving toward a self-authoring mindset isn’t just a skill upgrade; it’s vertical development. It requires shifting the very way a leader defines their value and relates to their team. This growth occurs only when a leader’s challenges exceed their current mental map, forcing them to dismantle old assumptions to make room for a more advanced perspective. In short: the process is challenging, but it is necessary.

How Egypt’s entrepreneurs approach leadership

These global shifts in mindset are echoed by Egypt’s leaders. As with many things in life, there is no one-size-fits-all approach to leadership, but it starts with shifting your mindset and recognizing that you can’t — and shouldn’t — do everything yourself. For B.Tech’s Mahmoud Khattab, “It’s very important to criticize your own thinking and decisions all the time, but not to the extent that it hinders you,” noting that while leaders need to hold themselves accountable, delegation is key. Peace Cake’s Kareem Abou Gamrah also emphasizes the importance of clear ownership and its impact on one’s ability to lead: “If there is no ‘this is where this person’s job ends, and this is where this person’s job begins,’ it causes leakages.”

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EAT THIS TONIGHT

Salooha is all about “purely Egyptian” flavors

🥪 Burger places are a dime a dozen, pizzerias are everywhere, and fried chicken joints outnumber customers — but Salooha is none of that. Currently in its soft opening phase, the Korba eatery boasts a “purely Egyptian” status — and it checks out.

With a curated menu of Egyptian street food classics, Salooha is all about quality over quantity. On the menu, you’ll find liver, sausage, and beef sandwiches, along with a salad, french fries, dips, and ice cream for a post-meal cooldown. That’s pretty much it, and as it turns out, that’s all you need. The best part? You’ll get the most bang for your buck, too, with each sandwich setting you back just EGP 45.

It was all or nothing, and we went all in. We ordered a mix box with each of the three sandwiches, as well as fries and salads. We were initially skeptical of the portions given the price tag, but the sandwiches were appropriately sized and filled to the brim. The bread was fresh, the meat perfectly seasoned, and the dips just right. While all three sandwiches passed the taste test with flying colors, the sausage proved king. By the time we’d reached our final bite, we were already looking forward to our next order.

It’s not every day a new fast-food restaurant surprises us. It makes sense, then, that this newly minted joint has been gaining traction on social media. Salooha manages to perfect a difficult equation: quality, portion, and price. If your taste buds are tired of the usual, we’d recommend not missing out on what this spot has to offer.

WHERE TO GET IT- You can find Salooha in Korba, Heliopolis. You can also order online through third-party courier service Mrsool.

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Sports

Midweek matches on our radar tonight

Matchweek 26 of the Premier League kicks off today with four fixtures. The highlight is Chelsea — who have their sights set on extending their victory streak — facing Leeds United. The match will kick off at 9:30pm and broadcast on BeIN Sports 3. Meanwhile, fourth-placed Manchester United takes on West Ham United at 10:15pm on BeIN Sports 1.

Also kicking off at 9:30pm:

  • Everton vs. Bournemouth — BeIN Sports 5;
  • Tottenham Hotspur vs. Newcastle United — BeIN Sports 4.


In the Coppa Italia, we’re following the quarter-final clash between Napoli and Como. The match begins at 10pm and airs on MBC Action and the Shahid app.

Over in Germany, Hertha Berlin and SC Freiburg go head-to-head in the DFB-Pokal quarter finals at 8:45pm. The match will be broadcast on Abu Dhabi Sports.

This publication is proudly sponsored by

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Mark Your Calendar

Celebrate Valentine’s Day with Omar Khairat

🎶 Don’t have plans on the 14th just yet? Legendary Egyptian composer and pianist Omar Khairat will be celebrating Valentine’s Day at the Cairo Opera House’s Covered Fountain Theater this Saturday, 14 February. Doors open at 8pm — you can book tickets through Tazkarti.

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GO WITH THE FLOW

What the markets are doing on 10 February 2026

The EGX30 rose 0.2% at today’s close on turnover of EGP 8.4 bn (43.2% above the 90-day average). International investors were the sole net sellers. The index is up 20.4% YTD.

In the green: Heliopolis Housing (+3.9%), Telecom Egypt (+2.2%), and EFG Holding (+2.0%).

In the red: Edita (-2.3%), Ibnsina Pharma (-2.0%), and Qalaa Holdings (-1.5%).


🗓️ FEBRUARY

6 December – 15 February (Saturday-Sunday): Cairo Prints at Cairopolitan in Garden City.

11-15 February (Wednesday-Sunday): Animatex at AUC Tahrir Square.

12 February (Thursday): Wael Jassar – Valentine’s Day Gala at Cairo Opera House, Zamalek.

12-14 February (Thursday-Saturday): The Garden Market at East View Mall, New Cairo.

12-15 February (Thursday-Sunday): Thai Food Bazaar in Zamalek.

13 February (Friday): Bryan Adams at the GEM.

14 February (Saturday): The Nile Parade at VeryNile, Qursaya Island.

14 February (Saturday): Valentine’s Special – Saad El Oud at CJC 610.

14 February (Saturday): Mina Nader at Grand Tiba Theatre.

14 February (Saturday): Omar Khairat at the Cairo Opera House, Zamalek.

16 February (Monday): Autostrad at Boom Room, Madinaty.

17 February (Tuesday): First day of Ramadan (TBD).

MARCH

20 March (Friday): Eid El Fitr (TBD).

APRIL

2 April (Thursday): Hany Shaker at Theatro Arkan.

13 April (Monday): Sham El Nessim.

25 April (Saturday): Sinai Liberation Day.

MAY

1 May (Friday): Labor Day.

26 May (Tuesday): Arafat’s Day.

JUNE

16 June (Tuesday): Islamic New Year.

30 June (Tuesday): June 30th Revolution.

JULY

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

AUGUST

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

OCTOBER

6 October (Tuesday): Armed Forces Day.

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