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11-13 February (Monday-Wednesday): Renaissance Capital Egypt Investor Trip, Cairo. 11-13 February (Monday-Wednesday): Egypt Petroleum Show, Egyptian International Exhibition Center, Cairo. 14 February (Thursday): Central Bank of Egypt’s monetary policy committee meets to review interest rate. 19 February (Tuesday): Cairo Economic Court to deliver decision on pharma distributors appeal, Egypt. 19-20 February (Tuesday-Wednesday): The Solar Show […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 10 February 2019
It’s interest rate week, and it is anyone’s guess whether the central bank will give us chocolate on Valentine’s Day or a bag of mulched roses. We should get our first clue later today, when we expect the release of inflation figures for January. The central bank’s monetary policy committee is set to meet on […]
Posted inEnterprise+: Last Night’s Talk Shows
El Sisi in Addis Ababa, Lagarde and Maait’s sit-down, electricity bill collectors embezzle EGP 19 mn
President Abdel Fattah El Sisi’s arrival in Addis Ababa yesterday to assume Egypt’s chairmanship of the African Union was the talk of the town on last night’s talk shows. Corruption and intra-group conflicts within the AU will be among Egypt’s top challenges during its one-year tenure at the helm of the organization, Rep. Hatem Bashat […]
Posted inSpeed Round
Egypt to repeal real estate tax exemptions for private homes, provide preferential treatment for hotels, factories, oil and gas
EXCLUSIVE- The Great Real Estate Tax Debate of 2018 is about to roll forward into 2019. Readers may recall the loud, sweeping debate late last summer over how to fairly tax both commercial and personal real estate. At one point, the story was a fixture of the night time talk shows — and we even […]
Posted inSpeed Round
PepsiCo begins exports from Egypt into North Africa
PepsiCo Egypt begins exporting to North Africa: PepsiCo Egypt has started exporting locally-made products into North Africa has its eye on 13 more African countries, PepsiCo Vice President for Public Affairs Krista Pilot told Trade Minister Amr Nassar, according to a ministry statement (pdf). This comes as PepsiCo Egypt is planning to invest USD 515 […]
Posted inSpeed Round
Telecom Egypt has no plans to sell Vodafone stake this year
M&A WATCH- Telecom Egypt has no plans to sell its 45% stake in Vodafone Egypt in the medium term,a company official told Youm7. Beltone Financial wrote in a research note in January that it expected the state-owned landline monopoly — which launched the country’s fourth mobile network, We, in September 2017 — to offload its […]
Posted inSpeed Round
Egypt Kuwait Holding moves ahead with bid for Emisal Salts
M&A WATCH- EK Holding moves ahead with bid for Emisal Salts: Investment firm EK Holding has submitted a tender offer for a majority stake in salt producer Emisal Salts, according to an EGX disclosure (pdf). No details were provided on the value of the bid, which is still subject to due diligence. We had noted […]
Posted inSpeed Round
EFG Hermes: Ibnsina Pharma poised to “capitalize on rising demand”
Ibnsina Pharma poised to “capitalize on rising demand” -EFG Hermes: Leading frontier and emerging markets investment bank EFG Hermes has initiated coverage on IbnsinaPharma, which it characterizes as “well-positioned to capture Egypt’s rising … demand and continue outperforming the market.” EFG Hermes has a “Buy” on Ibnsina with a target price of EGP 14.00 / […]
Posted inSpeed Round
Egypt assumes rotating presidency of African Union
President Abdel Fattah El Sisi is in Addis Ababa to kick off Egypt’s presidency of the African Union and chair a summit of AU heads of state, according to a statement from Ittihadiya. Infrastructure and interconnection projects, the CFTA trade agreement, development financing and climate change will be high on the summit’s agenda. El Sisi […]