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The Madbouly Cabinet will reportedly set in two weeks the standard waste-to-energy feed-in tariff at EGP 1.40 per kWh according to press sources. The Electricity Ministry will pay EGP 1.03 (c.73%) and beneficiary governorates EGP 0.37 (c.27%) per kWh. The same price was reportedly set by the Ismail Cabinet in May last year. At the […]
Author Archives: enterpriseam admin
Posted inBasic Materials + Commodities
Galina-Agrofreeze proposes EGP 1.2 bn plan in setting up retail franchises
Galina-Agrofreeze Fruits & Vegetables has submitted preliminary studies to the government to propose setting up discount retail outlets across the country, company Chairman Abdel Wahed Soliman said. The proposal would invite partners to own a franchised food store each under the company’s brand. The store will offer low-price merchandise by cutting the middleman, since the […]
Posted inManufacturing
Kima 2 fertilizers plant to be inaugurated by Sisi on 30 June
Egyptian chemicals company Kima will begin operations at its new manufacturing facility “Kima 2” in Aswan on 30 June after an inauguration ceremony presided by President Abdel Fattah El Sisi, Chemical Industries Holding Co.’s Chairman Emad El Din Moustafa told Youm7. The project cost EGP 11.6 bn, with 62% of the financing coming from a […]
Posted inEgypt Politics + Economics
Govt, CBE and Capmas working on unified definition of the informal economy
The ministries of planning, industry and investment, along with the CBE and Capmas will create a unified definition for the informal economy which will enable the government to produce an accurate estimate of its size, Capmas head Khairat Barakat said. They plan to organize a workshop that will aim at putting a precise definition that […]
Posted inMy Morning Routine
My Morning Routine: Hany Al Sonbaty, managing partner of Sawari Ventures
My Morning Routine looks each week 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 Hany Al Sonbaty (LinkedIn), managing partner of Sawari Ventures, a venture capital firm that invests in North African […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.6939 | Sell 16.7939 EGP / USD at CIB: Buy 16.69 | Sell 16.79 EGP / USD at NBE: Buy 16.69 | Sell 16.79 EGX30 (Wednesday): 14,132.18 (-0.50%) Turnover: EGP 535 mn (29% below the 90-day average) EGX 30 year-to-date: +8.41% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
1H2019 (date TBD): Investment Minister Sahar Nasr will head a delegation of businessmen into Mexico City to explore cooperation avenues with the Latin American country. June: International Forum for small and medium enterprises (SMEs). June: Egypt will host the first economic forum for Union for the Mediterranean (UfM) countries to promote trade and investment in […]
Posted inWhat We're Tracking Today
What we’re tracking on 19 June 2019
Egypt greeted the death of Islamist former president Mohamed Morsi with a collective shrug, but it remains this morning the defining story about our country in the outside world, driving the narrative from North America to Europe. Where is the “Shut Up Your Mouse” woman when you need her? The usual suspects are braying (note […]
Posted inEnterprise+: Last Night’s Talk Shows
State Information Service and Human Rights Watch clash over Morsi’s death
Local, regional and international reactions to the death of former President Mohamed Morsi continued to get attention on the airwaves last night. A war of words between Human Rights Watch and the State Information Service (SIS) over a series of tweets by the organization’s MENA director Sarah Leah Whitson was the main point of discussion […]