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December: The Madbouly government is expected to announce details of the second phase of the presently-stalled privatization program and to set the timing of a meeting in January at which to assess whether market conditions will allow the program to resume. Mid-late December: The bylaws and articles governing proposed EGP 200 bn sovereign wealth fund […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 27 December 2018
** THIS IS OUR LAST REGULAR ISSUE FOR 2018. We will be off Sunday and Monday for our annual December publication holiday and are not publishing Tuesday, 1 January. We’ll be back on Wednesday, 2 January, at which time we’ll likely struggle and refer several times to 2018 instead of 2019. THANK YOU, all 62k […]
Posted inEnterprise+: Last Night’s Talk Shows
Another day, another insipid night on Egypt’s talk shows
Another day, another insipid night on the airwaves: The end-of-year news slowdown has clearly hit the nation’s talk shows rather hard, or the talking heads are already mentally on a beach somewhere. Al Hayah Al Youm’s Khaled Abu Bakr really got in the end-of-year mindset with a recap of the government’s infrastructure projects throughout 2018 […]
Posted inSpeed Round
Egypt among fastest-improving countries in developing renewable energy regulatory framework
Egypt’s renewable energy framework one of three fastest-improving globally, says World Bank: Egypt is one of the three fastest-improving countries in terms of regulatory frameworks for renewable energy between 2010 and 2017, according to the World Bank’s Regulatory Indicators for Sustainable Energy (RISE) 2018 report (pdf). Egypt’s total RISE score — which assesses regulation for […]
Posted inSpeed Round
World Bank expects Egypt reforms for USD 1 bn loan facility
No surprise in reported conditions document for USD 1 bn World Bank loan: Conditions and policy priorities for a USD 1 bn loan to Egypt offered by the World Bank earlier this month are exactly what you would expect: improve the business climate, support SMEs and entrepreneurship, curb energy subsidies, and come up with a […]
Posted inSpeed Round
FinMin looking to automate stores’ sales disclosures, VAT owed to Tax Authority
EXCLUSIVE- FinMin looking to automate retailers’ disclosures of sales, VAT to Tax Authority: The Finance Ministry is looking to outfit major retailers, shopping malls, and auto showrooms with devices that would automatically the relay of sales data to the Tax Authority, a senior government official tells Enterprise. The move is designed to clamp down on […]
Posted inSpeed Round
Gov’t sets up committee to regulate electric vehicles in Egypt
LEGISLATION WATCH- Expect a new legislative framework for electric cars: A government committee is preparing a legislative framework for electric vehicles in Egypt, according to remarks attributed by Al Mal to a senior advisor to the minister of trade and industry. The framework would regulate companies importing and manufacturing charging docks and batteries and provide […]
Posted inSpeed Round
Egypt to launch 20 electronic public services in 2019
The government is planning to launch 20 electronic public services in 2019, amid a drive by the Sisi administration to curb corruption by pushing for digitization, Communications and Information Technology Minister Amr Talaat told Egypt Today. The new electronic system will allow citizens to be directly linked to the service providers through their phone numbers […]
Posted inSpeed Round
Egypt SMEs to get sharper teeth to bid for tenders under new legislation
LEGISLATION WATCH- SMEs to get leg up in public tenders: SMEs will get priority treatment and a 20% quota of government tenders under the anticipated Public Contracts Act, according to a Finance Ministry statement. The new legislation will also exclude SMEs the requirement to submit financial guarantees with their bids under some state tender contracts […]