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Our friends at Flat6Labs announced that they will be graduating eight new startups from their 11th cycle. This is the incubator’s second cycle of 2018, and it saw eight startups accepted from among 500 applicants. The companies cover a range of sectors from food and drink to transportation to real estate to medicine. Flat6Labs will […]
Author Archives: enterpriseam admin
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.86 | Sell 17.95 EGP / USD at CIB: Buy 17.86 | Sell 17.96 EGP / USD at NBE: Buy 17.78 | Sell 17.88 EGX30 (Sunday): 12,140 (-2.0%) Turnover: EGP 442 mn (44% below the 90-day average) EGX 30 year-to-date: -19.2% THE MARKET ON SUNDAY: The EGX30 ended […]
Posted inCALENDAR
December: The government will announce the second phase of its privatization program before year-end, Public Enterprises Minister Hisham Tawfik said. The committee overseeing the state privatization program is also scheduled to hold a meeting next month to look into how market conditions developed since the privatization program was put on ice. 08-10 December (Saturday-Monday): Fourth […]
Posted inWhat We're Tracking Today
What we’re tracking on 9 December 2018
It’s shaping up to be another busy week as 2018 roars to a close and as those among us saddled with strategy and budget responsibility scramble to finish up their work. News triggers this week: The Africa 2018 conference ends today. The gathering was the source of plenty of announcements this past weekend; expect a […]
Posted inWhat We're Tracking Today
Why 2019 could be good for EM — but bad for developed markets
US stock indexes fell more than 4% last week as “investors’ retreat from US stocks turned into another rout on Friday,” the Wall Street Journal writes. That has the technical analysis types up in arms, warning that a “death cross” in whatever sheep’s entrails they read suggests more losses ahead for US equities in the […]
Posted inEnterprise+: Last Night’s Talk Shows
Africa 2018 Forum was in the limelight on Egypt’s talk shows
The Africa 2018 Forum was in the limelight on last night’s talk shows, with Hona Al Asema recapping the highlights and major agreements that were signed on the first day of the event (watch, runtime: 06:09). El Hekaya’s Amr Adib also gave his two cents on Africa being a great market for Egyptian businesses (watch, […]
Posted inSpeed Round
PMI: Non-oil business activity in Egypt contracted for a third month in a row, but at a slower pace than in September and October
PMI: Non-oil business activity contracts for third month in a row: Private sector activity contracted for the third month in a row in November, but at a slower pace than the previous two months, according to the Markit / Emirates NBD purchasing managers’ index (pdf). The PMI rose to 49.2 in November from 48.6 in […]
Posted inSpeed Round
Average yields on Egypt T-bills stable after termination of repatriation mechanism
Average yields on Egyptian treasury bills were stable on Thursday, the first auction after the country scrapped the repatriation mechanism. The average yield on one-year T-bills was 19.97%, compared to 19.92% at the last similar auction, while the average yield on 6-month T-bills was 19.98%, compared to 19.89% at the last auction, CBE data showed. […]
Posted inSpeed Round
International financial institutions looking at Banque du Caire IPO
IPO WATCH- Four international financial institutions are looking to buy stakes in Banque du Caire as soon as its IPO is announced, CEOTarek Fayed said on the sidelines of the Africa 2018 Forum in Sharm El Sheikh. Fayed said he expects the IPO to take place in 2019, but said the final timing would be […]