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LEGISLATION WATCH- MPs to meet with Finance Minister to discuss regulation of slush funds: The House of Representatives’ Economics Committee is expecting to meet with Finance Minister Mohamed Maait soon to resume discussions on the regulation of ministerial “private accounts”, Rep. Medhat El Sherif said yesterday, according to local media reports. El Sherif said that […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Egypt’s HitchHiker closes USD 200k angel round, Swvl gets some international ink
** #6 Egypt’s HitchHiker raises USD 200k in seed round: Cairo-based international shop-and-ship (with a twist) startup HitchHiker has secured USD 200k in seed funding from unnamed Dubai-based angel investors, the company said on its Facebook page. Founded last year by CEO Hussein El-Terawy and CTO Hassan Selim, the startup’s iOS and Android apps help […]
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 […]
Posted inUp Next
What we’re tracking this week and beyond
** #8 The draft SMEs Act is expected to be made public within 10 days, SMEs Development Authority head Nevine Gamea said, according to Al Mal. According to Gamea, the authority has recently reviewed the bill with the CBE and expects to present it to the Madbouly Cabinet very soon. The draft law sets out […]
Posted inTHE MACRO PICTURE
New technology gives push to Africa’s agriculture industry
Tech startups are helping improve Africa’s agriculture industry and could lift mns out of poverty, according to the FT.Africa’s agriculture industry is being held back by traditional equipment and outdated tech, but new technology has in recent years had a positive impact on yields. African and international agritech companies are seeing major untapped potential in […]
Posted inEGYPT IN THE NEWS
Egypt in the News on 25 October 2018
All quiet on the global front: Rejoice, for there is virtually nothing of note about Egypt in the international press this morning.
Posted inWorth reading
UberEats bites hard into food delivery business
UberEats has a secret sauce that has allowed to become a dominant player in delivery tech: Delivering for more than 1,600 restaurants around the world, UberEats is the fastest growing player in the booming food delivery industry, according to Bloomberg. Since its Toronto launch in December 2015, the delivery app has signed agreements that has […]
Posted inWorth watching
Japan company rewards its employees for sleep
A Japanese company is offering its employees cash incentives for getting a full night’s rest in an attempt to increase their productivity and reduce cases of exhaustion from overwork. Employees who work for the company — named “Crazy” — can earn up to USD 570 a year in cafeteria points if they clock in at […]
Posted inDiplomacy + Foreign Trade
Saudi lifts its import ban on Egypt’s guavas
Saudi Arabia officially lifted its ban on Egyptian guava imports yesterday, Agriculture Quarantine Authority head Ahmed El Attar tells Al Shorouk. The Saudi Food and Drug Authority (SFDA) had announced lifting the ban back in April, but said at the time that imports would be limited to SFDA-approved suppliers. The kingdom had initially imposed the […]