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? OUT AND ABOUT- (all times CLT) Don’t miss out on SodaLake’s sublime semi-acoustic performance tonight at The TapEast, coming to you with the best soul, RnB, and jazz beats. It’s disco night with Club Boogie in OUTERSPACE Moenes & MotherFunkers taking over the stage at Cairo Jazz Club in Agouza at 9pm. Mazaher ensemble […]
Author Archives: enterpriseam admin
Posted inENTERPRISE RECOMMENDS
Why do we have a seven-day week, if we came up with it ourselves?
? UNDER THE LAMPLIGHT- The Week dives into the evolution of the seven-day week and how it shapes our lives. The notion of a seven-day week has become so entrenched in our habitude that we rarely stop to question it. Why do we adhere to a seven-day system? Why not 12? David M. Henkin combed […]
Posted inGO WITH THE FLOW
Earnings watch: AMOC net income jumps in 1H 2022-23
EARNINGS WATCH- Alexandria Mineral Oils Company (AMOC) reported net income after tax of EGP 850.7 mn in 1H 2022-23, up 146% y-o-y, according to the company’s unaudited earnings release (pdf). The company recorded EGP 10.6 bn in sales during the July-December period, up 51% y-o-y. MARKET ROUNDUP- The EGX30 rose 2.1% at today’s close on […]
Posted inEconomy
Why China’s population has started to fall — and what that means for the global economy
China’s population decline could spell trouble for the global economy: The Chinese government last week announced that in 2022 the country recorded some 9.6 mn births and 10.4 mn deaths, marking the first time China has seen its population decline since the 1960s. Last year’s birth rate was the lowest since at least 1950, Bloomberg […]
Posted inCALENDAR
JANUARY January: Fuel pricing committee meets to decide quarterly fuel prices. January: Infinity + Africa Finance Corporation to close acquisition of Lekela Power. 25 January (Wednesday): 25 January revolution anniversary / Police Day. 26 January-6 February (Thursday-Monday): Cairo International Book Fair, Egypt International Exhibition Center. 26 January (Thursday): President El Sisi will visit India as […]
Posted inWhat We're Tracking Today
THIS MORNING: A short slide into the long weekend
Good morning, wonderful people, and happy THURSDAY-equivalent. We hope our Egypt-based readers get some well-earned rest on the three-day weekend after what has somehow felt like a very long week. We’re out of office, too: EnterpriseAM and EnterprisePM will not be publishing tomorrow as we observe Police Day / Revolution Day. We’ll be back in […]
Posted inUncategorized
Somabay brings out the best in majestic natural elements where raw beauty and endless activities reign supreme. Immerse yourself into a picturesque getaway all year long. This is simply Somabay. For more information, call 16390 or visit www.somabay.com.
Posted inInvestment Watch
SFE, B Investments team up to invest EGP 2 bn in healthcare + pharma firms
SFE + B Investments to co-invest in healthcare, pharma: The Sovereign Fund of Egypt (SFE) and B Investments will together invest in Egypt’s healthcare and pharma industries under two agreements that could channel more than EGP 2 bn into local businesses, they said in a joint statement. #1- The SFE is joining B Investments’ healthcare […]
Posted inM&A WATCH
Affirma Capital, StonePine close acquisition of minority stake in pharma player Nerhadou
Nerhadou has new minority shareholders: A private equity consortium of Affirma Capital and StonePine has closed its acquisition of a “significant minority stake” in local pharma and nutraceutical player Nerhadou International, according to a joint statement (pdf) out yesterday. The statement did not disclose the size of the stake, but said the transaction was worth […]