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EARNINGS WATCH- Sarwa Capital’s net income after tax rose 130% to EGP 120 mn in 1Q2019, up from EGP 52 mn during the same period last year, the company said in a statement (pdf). “We are pleased to announce our record quarterly profits amidst an eventful period full of developments for the business,” the structured […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Oriental Weavers names Medhat Hussein as new MD
MOVES- The Oriental Weavers board has named Medhat Hussein (LinkedIn) as the company’s new managing director, the company said in a statement (pdf). The company’s full board decisions are available here.
Posted inSpeed Round
** WE’RE HIRING: We’re looking for a podcast producer with a strong track record with audio production. The ideal candidate will have experience and background in audio production and journalism. This includes familiarity with audio production software, such as Adobe Audition. A background in business / economics / finance, and/or entrepreneurship and technology is also […]
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
Formalizing micro businesses the key to building a strong SME sector
Formalizing micro businesses is the key to building a strong SME sector: Arab governments should make micro businesses the priority of their financial inclusion efforts, Amr Adly writes for Bloomberg. Micro-sized enterprises employing fewer than five people far outweigh SMEs in Egypt, making up more than 92% of all businesses and employing 58% of the […]
Posted inEGYPT IN THE NEWS
Egypt in the news on 14 May 2019
No single story is leading the conversation on Egypt in the foreign press this morning. A handful of pieces worth a skim: Political activists released after serving prison sentences still have to spend the night in the police station as a condition of their release, languishing from 6pm to 6am of every day at their […]
Posted inON THE FRONT PAGES
El Sisi urges better waste management
El Sisi pushes for improved waste management: President Abdel Fattah El Sisi urging his government to work on improving waste management to protect the environment topped the front pages of Egypt’s three state-run dailies (Al Ahram | Al Gomhuria | Al Akhbar this morning.
Posted inWorth reading
Clarity and precision essential for impact investment
What, exactly, is impact investing — and how do you measure it? Impact investors, who invest for both social and financial returns, must strive for “positive net impact” by also accounting for the negative impacts of their investment when measuring its overall contribution, argues Toniic CEO Adam Bendell in the Financial Times. His remarks chime […]
Posted inEnergy
Acwa submits lowest price in Egyptian Electricity Transmission Co’s 200 MW Kom Ombo solar plant tender
Acwa Power has submitted the best offer in the Egyptian Electricity Transmission Company’s (EETC) tender to build a 200 MW solar power plant in Upper Egypt’s Kom Ombo, offering to sell electricity to the state-owned company at a price of USD 0.0275 per KwH, sources from EETC tell the local press. The two sides are […]
Posted inBasic Materials + Commodities
Egypt exports 1.2 mn tonnes of citrus fruits this season
Egypt’s citrus exports have reached 1.2 mn tonnes thus far for the current season, head of the Agriculture Ministry’s Central Department of Agricultural Quarantine Ahmed Al Attar said, according to Egypt Today. Egypt exported 1.7 mn tonnes during the entirety of the season last year.