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Up to USD 80 mn in love for renewables and SMEs. SANAD Fund and Green for Growth Fund (GGF) are planning to finance USD 30-80 mn-worth of Egyptian SMEs and renewable energy projects in the coming period, Mohamed Morsy, the Egypt-based manager of impact investor Finance in Motion, told Al Mal. The funds are also […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Export subsidies to include cash, settlements and logistical support
Has the export subsidies flap finally settled? The Export Subsidy Fund’s board of directors has agreed to a general strategy framework for reimbursements in an attempt to increase exports and improve the trade balance, according to a Trade Ministry statement (pdf). The new framework, which will come into effect in the upcoming fiscal year, includes […]
Posted inSpeed Round
CPG taps sales veteran Mostafa Salah as its CCO
MOVES- Capital Group Properties has tapped veteran sales executive Mostafa Salahas its chief commercial officer, local press reports. He joined CGP in February, having left his position as CCO of IWAN Developments.
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
Emerging-market debt grows at its slowest pace since 2001- IIF
Debt in emerging markets grew last year at its slowest pace since 2001, adding only USD 1 tn or under a quarter of the average increase over the past five years, according to the Institute of International Finance’s (IIF) Global Debt Monitor. The debt-to-GDP ratio in emerging markets came in at 212% in 2018. But […]
Posted inImage of the Day
Egypt invents unique way of sampling imported rice
We’ve created an important rice-sampling technique unique to Umm El Donia: A research center affiliated with the Agriculture Ministry has recently been cooking and taste-testing foreign rice samples for suitability in Egyptian kitchens, according to Reuters. The samples are cooked to perfection, then brought to certified food scientists who grade their color, flavor, and aroma. […]
Posted inEGYPT IN THE NEWS
UN SecGen Antonio Guterres is in Cairo
Leading the conversation on Egypt in the foreign press this morning: UN Secretary General Antonio Guterres met with Al Azhar Grand Imam Sheikh Ahmed El Tayeb yesterday, and expressed his solidarity with Muslims around the world in remarks that denounced hate speech, racism, and anti-Semitism, according to the AP. Also in the international press this […]
Posted inON THE FRONT PAGES
El Sisi directs PM, CBE governor to improve public finances
On the front pages this morning: President Abdel Fattah El Sisi summoned Prime Minister Mostafa Madbouly, Central Bank Governor Tarek Amer as well as the planning, trade and public enterprise ministers and directed them to improve monitoring and efficiency of state finances. (Al Ahram | Al Gomhuria | Al Akhbar).
Posted inWorth watching
Discovery Channel to open sarcophagus in Egypt live on air
In a two-hour special airing next week, the Discovery Channel will open a sarcophagus in Egypt live on air for the first time. Host Josh Gates, who claims not to be scared of the Pharaoh's curse (does this Orientalist stuff still pass?) expects to find physical remains at the lesser known site they’ll be excavating, […]
Posted inDiplomacy + Foreign Trade
Egypt, World Bank agree to exchange expertise in investment dispute resolution
The government and World Bank Group leaders have agreed to exchange expertise in investment dispute resolution techniques, according to an Investment Ministry statement. News came during a visit by a government delegation to the institution’s headquarters in Washington to discuss bilateral cooperation. The delegation was led led by Investment Minister Sahar Nasr, Public Prosecutor Nabil […]