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Author Archives: enterpriseam admin
What the markets are doing on 26 February, 2024
The EGX30 rose 3.9% at today’s close on turnover of EGP 8.8 bn (113.5% above the 90-day average). Local investors were net buyers. The index is up 16.2% YTD. In the green: E-finance (+18.3%), Fawry (+17.2%) and GB Corporation (+16.5%). In the red: Edita Food Industries (-5.1%), Delta Sugar (-3.8%) and SIDPEC (-3.4%).
FEBRUARY 25-26 February (Sunday-Monday): Medhat Saleh concert at the Cairo Opera House. 26 February (Monday): Salsa Night at Cairo Jazz Club 610. 26-29 February (Monday-Thursday): Art direction workshop at SYNC School. 26-2 February-March (Monday-Saturday): Fifty Years of Cinematic Portraits exhibition at Photopia. 27 February (Tuesday): Hardcase + Divine concert at ROOM New Cairo. 28 February […]
10 things to watch for (or questions to ask) as we wait for the CBE to act
Be ready to adopt a “wait and see” approach for a week or two
Escape to Somabay, where the sun-kissed shores await your arrival. Immerse yourself in the warmth of a perfect vacation, starting each day with the radiant embrace of the sun. Unwind, explore, and create unforgettable memories in this paradise by the sea.
ADQ acquires development rights to Ras El Hekma for USD 24 bn, will invest a further USD 11 bn in “real estate and other prime projects”
Ras El Hekma will be transformed into a “next-generation city,” housing tourism, urban, commercial, and recreational spaces
How will we use the cash? Clearing the backlog, paying foreign partners top the list
Brace for a “modest” devaluation — if the IMF facility comes through, policymakers will have four years of runway when it comes to the funding gap
EGP strengthens on parallel and derivatives markets
Twelve-month NDFs saw the USD-EGP rate decline 11.5% throughout the day to 57.5 after the news of the ADQ sale broke
Egypt, IMF make “excellent progress” on first, second loan reviews
The IMF and Egyptian authorities have agreed on the main elements of the program
Empowering African Fintech Startups
23 founders from the first cohort of The Visa Africa Fintech Accelerator program pitched their startups to an audience of funding partners, angel investors, and venture capitalists in Nairobi during a Demo Day organized by Visa last week. If you’re a founder of an African fintech startup looking for mentorship and access to technology and […]