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500 Global is setting up shop here: Silicon Valley VC fund 500 Global is working on opening an office in Egypt, which will also be its first foothold in Africa, according to a press release picked up by Wamda. The fund has appointed our friend Amal Enan (LinkedIn) to oversee its Egypt operations. Enan was […]
Author Archives: enterpriseam admin
Posted inLAST NIGHT’S TALK SHOWS
Making it easier to become an organ donor in Egypt is smart policy
The end of subsidized loans to industry was the big business topic on the talk shows last night as the pundits parsed the reaction to the Central Bank of Egypt’s (CBE) clarification that subsidized 8% loans to the industrial, agricultural, and construction industries will be axed. Egyptian Businessmen’s Association (EBA) chairman Ali Eissa voiced his […]
Posted inEGYPT IN THE NEWS
Golden-tongued mummies
It’s another very slow day for Egypt in the international press — not that we’re complaining. A tongue of gold: Mummies with solid gold tongues were unearthed last week at the Quweisna necropolis in Menoufia governorate, according to a Tourism Ministry statement. The news is making headlines at the Times, the Independent, and the New […]
Posted inAlso on our Radar
Gov’t reportedly looking to tender 200-MW worth of new Benban solar projects
Among the other stories we’re paying attention to this morning: ENERGY- A 200 MW solar tender in Benban? The New and Renewable Energy Authority is reportedly planning to issue a tender for one company to develop solar power plants with a combined production capacity of 200 MW across several land plots in Aswan’s Benban solar […]
Posted inPLANET FINANCE
Taaleem shares drop on DFM debut + HSBC is getting out of Canada
Rough start to Taaleem’s Dubai debut: UAE school operator Taaleem Holding’s shares closed down 15% yesterday to AED 2.55 on its first day of trading on the DFM, according to market data. The company raised AED 750 mn after selling 250 mn shares at AED 3 apiece, the top end of the price range. The […]
Posted inCALENDAR
NOVEMBER 20 November-18 December (Sunday-Sunday): 2022 Fifa World Cup, Qatar. 27-30 November (Sunday-Wednesday): Cairo ICT and Pafix, Egypt International Exhibition Center, New Cairo. DECEMBER 1 December (Thursday): Sphinx International Airport will begin operating international flights. 1 December (Thursday): Contractors to break ground on Egypt-Saudi interconnection project. 2-3 December (Thursday-Saturday): BiznEX kicks off at Mamsha Ahl […]
Posted inWHAT WE’RE TRACKING TONIGHT
THIS EVENING: KSA rolls over its USD 5 bn deposit at the CBE + We’re one week out from the Enterprise Climate X Forum
Good afternoon, wonderful people, and happy end to hump day. One week from today, a bunch of us will be at the Grand Egyptian Museum to meet many of you at the Enterprise Climate X Forum. It’s our first-ever large-scale event, with more than 200 C-suite execs, bankers, investors, DFI folks and more set to […]