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May: 50 Egyptian companies are set to visit Libya to discuss trade, investment and reconstruction. 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 […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 29 May 2019
Coffee is coming: May we begin by respectfully noting that no matter whether you believe Ramadan will last 29 days or 30 this year, we will all be drinking coffee during daylight hours a week from now? Reason #239 to invest in Egypt: Yield — at a time when global bond yields have fallen to […]
Posted inEnterprise+: Last Night’s Talk Shows
We’re nearing the end of Ramadan, which means the return of the talking heads will be upon us soon enough.
Posted inSpeed Round
NI Capital invites local investment banks to bid on managing e-finance share sale
IPO WATCH- E-finance is going to IPO, and NI Capital is asking investment banks to pitch for the mandate: NI Capital, the state-owned investment bank that is shepherding the Sisi administration’s IPO program, has invited several local investment banks to bid to quarterback the upcoming stake sale of fintech company e-finance as part of the […]
Posted inSpeed Round
WTO to probe Egypt’s steel import duties
WTO to probe Egypt’s steel import duties: The World Trade Organization (WTO) will meet with Egyptian officials to discuss the recently imposed duties on steel imports during its November committee meetings, according to a press release (pdf). The Trade Ministry last month introduced 180-day import duties of 25% on finished steel rebar and 3-15% on […]
Posted inSpeed Round
Bombardier confirms being tapped as preferred bidder for Egypt’s monorail
Bombardier says its consortium has been tapped as preferred bidder for monorail project: A consortium of Orascom Construction, Arab Contractors, and Bombardier Transportation has been tapped as the preferred bidder to build a monorail linking Six October to the new administrative capital, Bombardier confirmed in a statement. The project would entail the construction of a […]
Posted inSpeed Round
ECA calls foul on Delivery Hero-Glovo “arrangement,” orders Glovo to come back to Egypt
ECA calls foul on Delivery Hero-Glovo “arrangement,” orders Glovo to come back to Egypt: The Egyptian Competition Authority (ECA) said an “arrangement” between Delivery Hero and Glovo to “divide up” markets” led Glovo to exit Egypt in violation of the competition law, the ECA said in a statement (pdf). The competition regulator has ordered Glovo […]
Posted inSpeed Round
Crypto businesses will need to obtain licenses under proposed Banking Act
LEGISLATION WATCH- Aspiring crypto businesses are going to need licenses: Companies looking to establish digital currency and cryptocurrency platforms will be required to obtain licenses under the proposed Banking Act, an unnamed central bank official told state news agency MENA without providing further details. The bill would also give the CBE regulatory power over the […]
Posted inSpeed Round
Lighthouse Research says EGP still pegged
The EGP is still “tightly managed” and will continue to appreciate, Dubai-based Lighthouse Research said in a note (pdf). The firm said the appreciation of the EGP against key currencies since the start of the year “defied the broader sell-off in global emerging market assets.” It pointed out that the KRW, ZAR and TRY have […]