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CORRECTION- Lamya Youssef is the head of the studies and design sector at the Egyptian Electricity Transmission Company (EETC), not the head of Egyptera as we had reported on Tuesday. The story has since been corrected on our website. Thank you to those who wrote to us pointing out our error.
Author Archives: enterpriseam admin
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 […]
Posted inEGYPT IN THE NEWS
Fintech among Egypt’s fastest-growing sectors as financial inclusion grows
It’s another quiet morning for Egypt in the international press. Human Rights Watch says US policymakers should not be “fooled” by Egypt’s pledge to amend the NGOs Act, while the Washington Post has picked up an Associated Press story on an Egyptian man in Los Angeles who allegedly killed his two sons to collect on […]
Posted inSECTOR SPOTLIGHT
Hydroponic farming gaining momentum in Egypt
Could hydroponic farming save Egypt? Hydroponic (or soilless) farming could be the answer to Egypt’s growing water shortage as well as the continuously shrinking size of the country’s arable land base, Agritech startups told Enterprise. There are now at least 25 companies in the industry in Egypt — a sector, we note, that was virgin […]
Posted inDiplomacy + Foreign Trade
Shoukry, EU’s migration commissioner continue talks on illegal migration
Shoukry, EU’s migration commissioner talk cooperation on illegal migration: Foreign Minister Sameh Shoukry and European Commissioner for Migration and Home Affairs Dimitris Avramopoulos discussed yesterday potential strategies to combat illegal migration in the region, according to a ministry statement. The EU is pushing for an EU-North Africa partnership that would see Egypt stem the flow […]
Posted inEnergy
ACWA, Hassan Allam to sell electricity to gov’t at USD 0.018/kwh from Luxor plant
The Electricity Ministry, Saudi’s ACWA Power, and Hassan Allam Holding have agreed to set the final price for electricity generated from the USD 2.3 bn, 2.3 GW Luxor power plant at USD 0.018/kwh, ministry officials tell /Al Mal. The ministry will cover part of the cost of supplying the plant with natural gas in exchange […]
Posted inEnergy
Egypt pays Dana Gas USD 111 mn in arrears in 9M2018
Egypt paid Dana Gas USD 111 mn in arrears owed in 9M2018, the company said in its earnings release on Wednesday (pdf). The story comes as Egypt has been stepping up payments to international oil companies (IOCs), with arrears to oil producers have fallen to their lowest levels yet, coming in at USD 1.2 bn […]
Posted inEnergy
Enara Group, CleanMax Solar Company partner up to build solar power projects
Enara Group signed yesterday a partnership agreement with India’s CleanMax Solar to build 200 MW-worth of solar power projects over the next three years under a JV, according to a company release (pdf). The projects will include on site/rooftop panels and solar farms. No details on the investment value or the locations of the projects […]
Posted inAutomotive + Transportation
Uber tests minibus service in Egypt ahead of potential rollout in Kenya
Uber Technologies has begun testing a new service in Cairo and Mexico’s Monterrey to book seats on minibuses, according to Reuters. If successful, Uber may roll out the new service in Kenya.
Posted inBanking + Finance
China UnionPay to expand into Egypt as demand increases
ATM card company China UnionPay is planning to expand into Egypt, sources close to the matter said, according to Al Mal. The company’s planned expansion comes as it expects demand for its products to increase following the upcoming rollout of the national debit card, Meeza.