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INVESTMENT WATCH- Raya’s manufacturing arm seeking licence to assemble electric cars: Raya Auto, a subsidiary of Medhat Khalil’s Raya Holding, has begun talks with the Trade and Industry Ministry to obtain a licence to assemble electric cars, sources close to the matter told Al Mal. Raya is moving forward with plans to assemble light electric […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Swvl announces expansion into Nigeria in July
STARTUP WATCH- Swvl says it will expand into Nigeria in July: Egyptian transportation startup Swvl has announced that it is expanding into Nigeria, with initial plans to launch 50 buses in Lagos by mid-July, MENAbytes reports. The mass transit app listed the role of Country General Manager for Nigeria last week, calling for an experienced […]
Posted inSpeed Round
Civil service pension increases given preliminary approval by Egyptian parliament
LEGISLATION WATCH- House gives preliminary nod pension hikes for civil servants: The House of Representatives approved “in principle” a draft law that would see minimum monthly pensions for civil servants rise to EGP 900 and payouts by 15%, Youm7 reports. The increases are expected to take effect on 1 July. The Madbouly Cabinet approved 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
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Posted inTHE MACRO PICTURE
The thin grey line between frontier markets and emerging markets
EXPLAINER FOR NON-FINANCE GEEKS- The thin grey line between frontier and emerging markets: In a recent explainer on frontier markets, Bloomberg makes a point of calling them the “smaller siblings” of emerging markets, a very popular — albeit simplistic — comparison. The reality is a little more nuanced considering the lines between the two are […]
Posted inImage of the Day
CoinTelegraph’s infographic on the history of crypto in Egypt
Thank you, CoinTelegraph for summarizing Egypt’s tumultuous history with crypto in a single beautiful image: We really love well-done infographics here at Enterprise, especially ones that manage to break down a complicated economic story into something easy to digest. CoinTelegraph gives us just that with a timeline of Egypt’s rather tumultuous history with cryptocurrency. The […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 10 June 2019.
The eyes of the foreign press are firmly trained elsewhere this morning, with only two noteworthy pieces to speak of. First, Egyptian archaeologist Zahi Hawass told ABC News that a 3,000 year-old sculpture of Tutankhamun’s head due to be sold by Christie’s next month was looted from Luxor’s Karnak Temple. The bust is expected to […]
Posted inON THE FRONT PAGES
Parliamentary approval of civil service pension increases tops headlines in Egypt’s state-owned press
The House’s preliminary approval of pension increases for civil servants topped the front pages of all three government dailies this morning (Al Ahram | Al Akhbar | Al Gomhuria). We have the full story in Speed Round, above.
Posted inWorth reading
Smartphone brains in a Nokia-style body: Could this bring 1 bn people online?
Smartphone brains in a Nokia-style body: Could this bring 1 bn people online? That’s what San Diego-based KaiOS Technologies is banking on, partnering with phone makers and operators to roll out affordable feature phones with smartphone power across Africa, Shira Ovide writes for Bloomberg. Internet penetration in Africa is staggeringly low at under 25%, with […]