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It was another night of miscellany on the airwaves as the flurry of state-sponsored conferences came to an end. Around 80% of merchants are complying with the price-printing policy introduced by the Supply Ministry earlier this year, head of the ministry’s Central Administration for Monitoring Osama Mekhamer said on Hona Al Asema. The ministry launches […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt faces USD 230 bn investment gap in infrastructure, and most of it is in transportation
Egypt faces a USD 230 bn investment gap in infrastructure over the coming 20 years — and the vast majority of that is in transportation, according to a World Bank analysis. Some USD 180 bn of the projected gap is in transport, while water infrastructure needs USD 45 bn in investment above current baseline projections. […]
Posted inSpeed Round
Fitch Solutions sees Egypt’s fiscal debt narrowing to 6.4% of GDP by FY2019-20
More optimism on Egypt’s debt as Fitch sees Egypt’s fiscal debt narrowing to 6.4% of GDP by FY2019-20: Fitch Group’s Fitch Solutions (formerly BMI Research) also expects Egypt’s fiscal debt to narrow to 6.4% of GDP by FY2019-20, down from 9.4% in FY2017-18 on the back of “robust economic growth and fiscal reforms,” according to […]
Posted inSpeed Round
Amaar aims to join forces with Saudi investors to set up EGP 1 bn malls
INVESTMENT WATCH- Amaar to set up EGP 1 bn shopping centers with Saudi investors: Egyptian real estate developer Amaar Group aims to partner up with unnamed Saudi investors to set up two shopping centers at a combined investment cost of EGP 1 bn in Six October City, Chairman Abeer Essam said. No details were provided […]
Posted inSpeed Round
Egyptian startup Wasla lands USD 180,000 in its pre-seed investment round
INVESTMENT WATCH- Startup Wasla lands USD 180k in its pre-seed investment round: Android browser Wasla landed USD 180,000 in a pre-seed investment roundfrom a group of angel investors led by our friend Omar Barakat, Wasla said in a press release (pdf). The funding will be allocated towards the launch of a beta version, growing its […]
Posted inSpeed Round
Egypt’s Elsewedy, Afreximbank ink USD 500 mn loan agreement
Elsewedy, Afreximbank ink USD 500 mn loan agreement: Elsewedy Electric signed a USD 500 mn loan agreement with the African Export-Import Bank (Afreximbank) to finance its projects in Africa, Elsewedy marketing director Ahmed Hassouna said, according to Youm7. The funds will go toward the USD 3 bn hydroelectric dam in Tanzania, for which the final […]
Posted inSpeed Round
More color on Egypt bond issuance program expected in January
The Madbouly government will release details on its 1Q2019 international bond issuances sometime in January, according to remarks attributed to Finance Minister Mohamed Maait by the domestic press. Egypt will target “untapped” European and Asian markets for the issuances, the timing and size of which will be made clearer in January, according to the report. […]
Posted inSpeed Round
Correction on monthly inflation figure
CORRECTION- Monthly inflation came in at “-0.8%” in November — which means prices declined 0.8% throughout the month. Please excuse our tired fingers (and minds) at the end of a busy news day. The story has since been corrected on our website.
Posted inSpeed Round
Enterprise is hiring
** WE’RE HIRING: We’re looking for smart, talented, and seasoned journalists and editors to join our team at Enterprise, which produces the newsletter you’re reading right now. We’re looking for people who can work on this product and help us launch exciting new stuff. Applicants should have serious English-language writing chops, a strong interest — […]
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 […]