? UNDER THE LAMPLIGHT- Practical spiritual advice with The Four Arguments: A Practical Guide to PersonalFreedom: This self-help book by Don Miguel Ruiz tackles different ways to transform your life using a set of guidelines from the Ancient Toltec people. The four main arguments include being clear and concise with your words, not taking anything […]
Author Archives: enterpriseam admin
What the markets are doing on 27 December, 2022
The EGX30 fell 0.5% at today’s close on turnover of EGP 1.29 bn (16.8% below the 90-day average). Foreign investors were net sellers. The index is up 21.2% YTD. In the green: Ibnsina Pharma (+3.0%), Cleopatra Hospitals (+2.8%) and Sidi Kerir Petrochemicals (+2.4%). In the red: Palm Hills Development (-3.4%), Alexandria Containers and Cargo Handling […]
Meet our founder of the week: Milango’s Amr Mostafa
OUR FOUNDER OF THE WEEK- Every Tuesday, Founder of the Week looks at how a successful member of Egypt’s startup community got their big break, asks about their experiences running a business, and gets their advice for budding entrepreneurs. Speaking to us this week is Amr Mostafa (LinkedIn), founder of Milango. My name is Amr […]
DECEMBER 31 December (Saturday): E-invoicing registration deadline. December: Egypt to expand Sudan electricity link capacity to 300 MW. JANUARY 2023 January: EGX-listed companies and non-bank lenders will submit ESG reports for the first time. January: Fuel pricing committee meets to decide quarterly fuel prices. January: Infinity + Africa Finance Corporation to close acquisition of Lekela […]
THIS MORNING: Central bank announces exemptions for FX withdrawal limits
Good morning, good people: We’re continuing our 2022 rewind today, looking back at the year in M&A, investment and capital markets. PSA: You’re reading the penultimate EnterpriseAM issue of 2022. We’re giving ourselves a well-earned three-day weekend to take us into the New Year, meaning that Wednesday will be the final time we appear in […]
31 December: Disco Mania, a new commercial concept at Somabay Theater: Somabay always ends the year in the absolute best way possible. Our new year’s weekend is bound to be explosive this year. We’ve come up with some of your favorite concepts over the past years and we’re back for a whole new commercial concept […]
The bidding war for Pachin is heating up again
Yet another bidder vying for Pachin: Eagle Chemicals wants to acquire 100% of Paint and Chemical Industries (Pachin) for EGP 29.5 a share, the highest offer Pachin has received yet, according to an EGX disclosure (pdf) filed by the Financial Regulatory Authority yesterday. The bid is a 1.7% premium to the UAE’s National Paints Holdings’ […]
The 2022 downturn in global M&A wasn’t felt in Egypt
2022 might have coincided with a downturn in global M&A — but the same can’t be said for Egypt: Globally, 2022 hasn’t been a great year for M&A. After reaching a record high of USD 5.8 tn in 2021, the value of global transactions has fallen this year as rising interest rates and market turbulence […]