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FinMin could take its maiden sovereign sukuk issuance to market in 1H 2023: The Finance Ministry is planning to sell USD 1.5-2.5 bn of sukuk, a shariah-compliant debt instrument, Finance Minister Mohamed Maait told Reuters yesterday. The timing of the issuance is still undetermined and the ministry will pull the trigger when market conditions look […]
Author Archives: enterpriseam admin
Posted inCabinet watch
It just got easier for industry to get golden licenses
It was all about boosting foreign investment at the cabinet’s weekly meeting, where ministers widened the scope of industrial and automotive investment incentives and approved the first land sale in foreign currency to an unnamed Gulf investor. Companies applying for the government’s golden license for industry will no longer need to meet a minimum issued […]
Posted inAutomotive
Stellantis wants to build 50k cars a year here
Automobile manufacturer Stellantis Egypt wants to locally produce 50k cars a year, Managing Director Hesham Hosny said at an industry conference this week (watch, runtime: 44:33). “We plan to have the Middle East and Africa produce 70% of its own automotive needs,” he said. Stellantis is one of the largest car manufacturers in the world […]
Posted inCEO POLL
Mansour Automotive’s Ankush Arora on why renewables could be our best shot to boost exports
We recently had breakfast with 20 top CEOs to talk about why exports and FDI are key to our economy going forward. After reading our five-step recipe for turning Egypt into a global export hub and FDI magnet, participating CEOs agreed to answer two questions on the record for our latest CEO Poll. We’ve already […]
Posted inLAST NIGHT’S TALK SHOWS
Last Night’s Talk Shows: Madbouly has a plan to solve FX woes
It was a slow night on talk shows yesterday — sans Lamees Hadidi and Amr Adib
Posted inAlso on our Radar
Cairo Angels has a new face
STARTUPS- Cairo Angels is now the Acasia Group: Local investor outfit Cairo Angels has rebranded as Acasia Group, according to a press release (pdf). The group is made up of three entities: VC firm Acasia Ventures, startup events and programs coordinator Acasia Impact, and angel investor group Acasia Angels. What they said: “The startup ecosystem […]
Posted inPLANET FINANCE
What the markets are doing on Thursday, 8 December
THE CLOSING BELL- The EGX30 rose 2.0% at yesterday’s close on turnover of EGP 3.2 bn. Foreign investors were net sellers. The index is up 23.8% YTD. In the green: EFG Hermes (+6.8%), Talaat Moustafa Holding (+6.1%) and Qalaa Holding (+5.9%). In the red: Rameda Pharma (-4.8%), Egypt Kuwait Holding-EGP (-2.4%) and Fawry (-1.7%). EGX30 […]
Posted inMy Morning Routine
My Morning Routine: Jimmy Khan, CEO, Lafarge Egypt
Jimmy Khan,CEO, Lafarge Egypt: Each week, My Morning Routine looks at how a successful member of the community starts their day — and then throws in a couple of random business questions just for fun. Speaking to us this week is Jimmy Khan (LinkedIn), CEO at Lafarge Egypt. I am Jimmy Khan, CEO of Lafarge […]