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National football team coach Javier Aguirre has named his 25-man provisional squad representing Egypt at the 2019 African Cup of Nations, reports King Fut. AFCON will kick off with Egypt vs Zimbabwe on 21 June.
Author Archives: enterpriseam admin
Posted inMy Morning Routine
My Morning Routine: Ayman Ismail, founder and director of the AUC Venture Lab
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 Ayman Ismail, founder and director of the AUC Venture Lab, Egypt’s first university-based startup incubator and accelerator. My […]
Posted inThe Market Yesterday
The Market Yesterday
EGP / USD CBE market average: Buy 16.95 | Sell 17.05 EGP / USD at CIB: Buy 16.88 | Sell 16.98 EGP / USD at NBE: Buy 16.90 | Sell 17.00 EGX30 (Wednesday): 13,664 (+0.4%) Turnover: EGP 417 mn (48% below the 90-day average) EGX 30 year-to-date: +4.8% THE MARKET ON WEDNESDAY: The EGX30 ended […]
Posted inCALENDAR
May: 50 Egyptian companies are set to visit Libya to discuss trade, investment and reconstruction. 23 May (Thursday): Central Bank of Egypt’s Monetary Policy Committee will meet to review interest rates. 27-28 May (Monday-Tuesday): UK International Trade Secretary Liam Fox will visit Egypt for meetings with senior officials on boosting bilateral trade and investments. 28 […]
Posted inWhat We're Tracking Today
What we’re tracking on 22 May 2019
It’s a big day as we prepare to slide into the weekend, with blockbuster news for the banking industry, confirmation that electricity price hikes will be (slightly) more modest than some had expected, a quiet fintech M&A, and word the government is looking to possibly float infrastructure bonds. What’s more: The notion of a new […]
Posted inEnterprise+: Last Night’s Talk Shows
We’re around halfway through the talking heads’ annual Ramadan hiatus. Check back after Eid for our daily roundup.
Posted inSpeed Round
Commercial banks could see capital requirements rise tenfold under Banking Act amendments
LEGISLATION WATCH- Capital requirements for commercial banks could rise tenfold to EGP 5 bn under proposed amendments to the Banking Act, Masrawy reported, quoting an unnamed CBE official’s statements to state news agency MENA. Foreign banks operating in Egypt will see their capital requirements triple to USD 150 mn. Banks will have three years in […]
Posted inSpeed Round
Electricity prices to rise an average of 15% in FY2019-2020
Electricity prices to rise an average of 15% in FY2019-2020: Average electricity prices will rise by 15% from 1 July, Electricity Minister Mohamed Shaker told reporters yesterday. Prices for ultra-high voltage electricity used by steel and iron factories will increase by 10% on average in the coming fiscal year, while low voltage prices paid by […]
Posted inSpeed Round
Egypt plans to issue infrastructure bonds in 2H2019-20
EXCLUSIVE- The government is planning to issue its first international infrastructure bonds in 2H2019-2020, two senior government officials told Enterprise. The bonds will have long maturities and their proceeds will be directed to infrastructure projects, the officials said. The government has begun talks with the China-led Asian Infrastructure Investment Bank over the issuance, which is […]