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MARKET NEWS- Alexandria Containers and Cargo Handling will distribute EGP 1.67 bn worth of dividends, it said in an EGX disclosure (pdf). The company will pay out EGP 1.1127 per share on 13 February. MARKET ROUNDUP- The EGX30 rose 0.3% at today’s close on turnover of EGP 2.15 bn (26.4% above the 90-day average). Regional […]
Author Archives: enterpriseam admin
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: Introducing the Enterprise FDI + Exports Forum
Good morning, folks, and a very warm welcome to the Year of the Rabbit. To our friends and readers celebrating the Lunar New Year, we wish you health and happiness. We’re wishing particularly happy holidays to those choosing to spend them in Egypt: Cairo International Airport welcomed a group of Chinese tourists on board a […]
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 inEconomy
Higher yields + a weaker EGP have foreign investors looking at Egypt
Higher yields + weaker EGP could bring foreign investors back to the market: Foreign investors who sold out of Egypt last year are once again looking at Egypt’s debt market on the back of a cheaper EGP and record yield, Bloomberg writes. The spread between most EGP treasury bills and other emerging-market debt last week […]
Posted inM&A WATCH
GB Capital sells a 45% stake in GB Lease to Chimera Investments
It’s official: Chimera to acquire 45% of GB Lease: GB Capital has finalized an agreement to indirectly sell 45% of its leasing business, GB Lease, to our friends at Chimera Investments for EGP 855 mn, parent company GB Auto said in an EGX disclosure(pdf) Thursday. This comes two weeks after GB Auto’s board greenlit the […]
Posted inM&A WATCH
Flush after exits, B Investments targets healthcare, food sectors
EGX-listed private equity firm B Investments intends to invest EGP 2 bn in the healthcare and food sectors in 2023, Chairman Hazem Barakat reportedly told Bloomberg Asharq. The company hopes to close an acquisition of a healthcare company in 1Q 2023, while the transaction in the food sector is expected to be completed in 2Q, […]
Posted inStartup watch
Swvl hit with a second Nasdaq delisting notice, will unwind Volt Lines acquisition
The company has traded below USD 1.00 a share since mid-September
Posted inStartup watch
Ex-Beltone execs launch SME finance outfit Invia
Invia is currently raising a pre-seed round