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Good morning, nice people, and welcome to a very busy hump day with the big news being a development that we hope could break the privatization “logjam” and signal the seriousness of the Madbouly government’s rebooted program: Italian lender Intesa Sanpaolo is said to be looking past short-term uncertainty and will acquire the 20% of […]
Author Archives: enterpriseam admin
Posted inAdvertiser
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Posted inPrivatization
Italy’s Intesa Sanpaolo in talks with Egyptian gov’t to acquire the rest of Alexbank
The Italian lender has been the majority shareholder of Alexbank since 2006
Posted inCapital markets
Avanz Capital eyes SME space + National Navigation mulls a return to the EGX
More funds for Egyptian SMEs: Avanz Manara, a private equity vehicle focused on Egyptian SMEs, plans to make three new investments during 1H 2023, Haytham Wagih, senior director at Avanz Capital Management, reportedly told Al Mal. The firm is considering investing in three funds targeting SMEs, he said, without disclosing further information about the plans. […]
Posted inLEGISLATION WATCH
Gov’t approves two-month extension to expat car import scheme
The scheme has so far failed to gain traction among Egyptians abroad
Posted inLAST NIGHT’S TALK SHOWS
A fresh earthquake in southern Turkey dominated the conversation on the airwaves last night
Yesterday’s earthquake in southern Turkey dominated the airwaves last night, with the pair of fresh tremors hitting Hatay again getting everyone talking. Kelma Akhira’s Lamees El Hadidi focused on the impact on the ground and panic caused by the quakes, which were felt in Egypt, Lebanon and Palestine (watch, runtime: 6:28). Masa’a DMC (watch, runtime: […]