IPO WATCH- Sarwa Capital to list 40% of its shares by early 4Q2018: Our friends at Sarwa Capital announced yesterday (pdf) that they plan to list 40% of the company’s shares on the EGX by late 3Q2018 or early 4Q2018. The IPO will consist of an international offering to global institutional investors and a retail […]
Author Archives: enterpriseam admin
Credit Suisse is bullish on Egypt, economic recovery pushed along by tailwinds next year
Credit Suisse is bullish on Egypt, sees tailwinds for economic recovery: Egypt’s economic growth cycle still has “several years ahead to go,” but next year is expected to bring tailwinds to our economic recovery, Credit Suisse Group AG head of Middle East research Fahd Iqbal tells Bloomberg TV. The most important of these tailwinds, Iqbal […]
West African consume finance player Oragroup rejects Beltone acquisition offer
M&A WATCH- Oragroup rejects Beltone acquisition offer: West African consumer finance provider Oragroup has rejected Beltone Financial’s offer to acquire a controlling stake in Oragroup subsidiary Ora Bank, the company said in a statement to the EGX (pdf). According to the statement, Oragroup’s rejection is a result of the two companies disagreeing on the financial […]
Are we finally getting some quality control on Egypt’s telecom sector?
Wait, are we finally getting some quality control on Egypt’s telecom sector? The CIT Ministry is planning to contract an international company to assess the quality of services offered by Egypt’s mobile network operators (MNOs), Minister Amr Talaat said yesterday. The ministry has shortlisted two companies and is currently conducting trial operations with each before […]
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What we’re tracking this week and beyond
As many as 16 of the nation’s 27 governors will be replaced in a shuffle expected to take place this week. The announcement of the shuffle has been postponed multiple times since since June. El Sisi in China next month: The president is expected to visit Beijing next month, at which time he will sign […]
Chinese-funded infrastructure projects are jeopardizing growth, development in Africa
Chinese-funded infrastructure projects are jeopardizing growth, development in Africa: China’s “weighty engagement” in African infrastructure projects has had an adverse effect on economic growth and development in the continent, Luke Patey writes for the Financial Times. The Asian powerhouse has invested heavily in various projects across Africa in hopes of spurring industrialization, but the high […]
Egypt in the news on 28 August 2018
It is a gloriously quiet morning for Egypt in the international press.
World Bank-backed educational reform plan is not comprehensive enough for Egypt
Egypt’s World Bank-backed education reform plan is not comprehensive enough to effect real change, Amr Hisham Rabie writes for Al Masry Al Youm. He argues that the K-12 education reform strategy, which the World Bank is backing with a USD 500 mn loan, considers only two things: Early education and the digital transformation that will […]
The woman who proved that women are physically capable of running marathons
The woman who changed the notion that only men were physically capable of running marathons: Not too long ago, men were convinced that women were “physically incapable” of finishing a marathon — and took it upon themselves to bar women from participating in marathons, according to Makers. Kathrine Switzer set out to give women “the […]