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Vodafone Egypt fined for poor service: The National Telecom Regulatory Authority (NTRA) has fined Vodafone Egypt EGP 10 mn after its mobile network allegedly faltered for several hours last Tuesday, according to an NTRA statement picked up by Reuters Arabic. In a clear message to operators, the NTRA notes that this is the first time […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Mike Whitfield appointed head of Nissan Motor Egypt
MOVES- Nissan has appointed Mike Whitfield (LinkedIn) as head of Nissan Motor Egypt, effective 20 June, Car Mag reports. Whitfield joined Nissan in 1981, and since 2008 has been managing director of Nissan South Africa where the company posted a “record market share” in the past financial year.
Posted inSpeed Round
Correction
CORRECTION- We reported yesterday that GTH anchor shareholder Veon was nearing an EGP 2.2 bn agreement to settle a tax dispute between GTH and the Finance Ministry. In doing so, we misidentified the firm serving as lead counsel for Veon in relation to Egyptian legal matters. It is Shalakany Law Office. We have corrected the […]
Posted inSpeed Round
** WE’RE HIRING: We’re looking for smart, talented journalists and analysts to join our team and help us make both the product you’re reading now and some exciting new stuff. We’re particularly interested people with writing plus either audio or video skills. Interested? Send your CV along with 2-3 writing samples and a solid cover […]
Posted inUncategorized
** SHARE ENTERPRISE WITH A FRIEND ** Enterprise is available without charge — just visit our English or Arabic subscription page, depending on which edition you would like to receive. We give you just about everything you need to know about Egypt, in your inbox Sunday through Thursday before 7am CLT (8am for Arabic), and […]
Posted inTHE MACRO PICTURE
ETFs a magnet for EM investors — but not all markets are equal
EM ETFs attract USD 84 bn in inflows in 16 months — but not all markets are equal: ETFs that specialize in emerging markets drew some USD 84 bn in the 16 months leading up to mid-April. But statistics from financial data provider EPFR show that 80% of inflows went to the stocks of companies […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 12 June 2019.
The sole story featured in the foreign press yesterday is gaining traction this morning: The Guardian and The Independent have picked up on Egypt’s efforts to prevent the auction of a 3,000 year-old quartzite bust of Tutankhamun, which experts believe was stolen from Karnak Temple. Other headlines worth a moment of your time: Formerly Egypt’s […]
Posted inON THE FRONT PAGES
Egypt’s AFCON preparations top state-owned dailies
Egypt’s AFCON preparations top front pages: President Abdel Fattah El Sisi’s meeting with Prime Minister Moustafa Madbouly and other senior officials to discuss preparations for the upcoming African Cup of Nations topped the front pages of all three government dailies this morning (Al Ahram | Al Akhbar | Al Gomhuria).
Posted inEnergy
Siemens signs EETC to supply Egypt’s first digital power transformer
Siemens has signed an agreement with the Egyptian Electricity Transmission Company (EETC) to supply Egypt with its first digital power transformer — the Siemens Sensformer — Zawya reports. Siemens will supply 14 Sensformers by May 2020, a process that will involve engineering and design, building and setting up the power transformers, and site management and […]
Posted inBanking + Finance
Raya Holding subsidiary to increase credit portfolio to c.EGP 500 mn
Raya Holding’s microfinance arm Aman intends to increase its credit portfolio to about EGP 500 mn by the end of 2019, the company said in an EGX disclosure (pdf). The company aims to use the credit increase to finance SMEs, it added, without providing further details.