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EGP / USD CBE market average: Buy 17.47 | Sell 17.57 EGP / USD at CIB: Buy 17.49 | Sell 17.59 EGP / USD at NBE: Buy 17.45 | Sell 17.55 EGX30 (Monday): 14,815 (-0.03%) Turnover: EGP 903 mn (1% below the 90-day average) EGX 30 year-to-date: +13.7% THE MARKET ON MONDAY: The EGX30 ended […]
Author Archives: enterpriseam admin
Posted inCALENDAR
03-06 March (Sunday-Wednesday): EFG Hermes One-on-One Conference, Dubai. 05 March (Tuesday): The EBRD will release its Transition Report 2018-19, “Work in Transition,” with a workshop led by Managing Director for the southern and eastern Mediterranean region Janet Heckman, Salon Vert Meeting Room, Cairo Marriott Zamalek. 05 March (Tuesday): Egypt’s Emirates NBD PMI for February released […]
Posted inWhat We're Tracking Today
What we’re tracking on 4 March 2019
Greetings from Dubai, where a couple of us are attending the 2019 EFG Hermes One on One conference. It’s day two of the largest investor conference in frontier emerging markets, with top execs from some 186 companies hailing from 26 countries in town to meet with investors representing 260 institutions and family offices with aggregate […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi meeting with GEIDCO occupies talking heads (also, beware of the birds)
The airwaves were awash with miscellany last night, with no single topic or story capturing the collective focus of the nation’s talking heads. President Abdel El Fattah El Sisi’s meeting with GEIDCO Chairman Liu Zhenya was the focus for Al Hayah Al Youm’s Lobna Assal (watch, runtime: 01:13). During the meeting, El Sisi stressed the […]
Posted inSpeed Round
Big IPOs of fresh stocks to begin in September, minister says
EXCLUSIVE- Next wave in state privatization program will be IPOs, set to begin in September: The next wave of state-owned companies selling shares as part of the state privatization program will be new listings, Public Enterprises Minister Hisham Tawfik told Enterprise yesterday. The state plans to begin listing four or five companies in September, at […]
Posted inSpeed Round
Egypt passenger car sales up 10.8% y-o-y in January to 11,460 vehicles
Total car sales were up 10.8% y-o-y in January to 11,467 vehicles, compared to 10,347 in January 2018, according to figures from the Automotive Information Council (AMIC). Passenger car, bus and truck sales increased 17%, 12.1% and 3.1% y-o-y, respectively, during the month. Locally-assembled vehicles, however, registered a 12.5% y-o-y decline. Chevrolet was the best-selling […]
Posted inSpeed Round
EFG Hermes looks at expanding into one or two new markets this year
EFG Hermes is looking at one or two new markets this year in South East Asia to add to the 12 countries the firm is operating in, CEO Karim Awad told Bloomberg interviewers in Dubaion the sidelines of the EFG One on One conference. “The investment won’t be big and will involve building market share […]
Posted inSpeed Round
Egypt Ventures announces series A investment in AvidBeam Technologies
INVESTMENT WATCH- Egypt Ventures announces series A investment in AvidBeam Technologies: Cairo-based VC fund Egypt Ventures has announced that it is investing in AvidBeam Technologies during the tech company’s series A round of investment, Menabytes reports. “We are thrilled to work alongside Egyptian founders who have built deep tech that is globally competitive,” Heba Ali, […]
Posted inSpeed Round
Eight Chinese companies plan leather factories in Egypt
INVESTMENT WATCH- Eight Chinese companies plan leather factories in Egypt: Eight Chinese companies agreed to build 15 leather factories in Rubeky Leather City manufacturing complex, local press reported. Jiading Changcheng Leather Co. expressed interest in operating a leather factory and will begin production within three months of receiving the licenses and the facility, according to […]