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UK Investment Minister Graham Stuart is in town today for the second day of meetings with stump for opportunities in financial services, tech and education. We had an exclusive sit-down with Stuart yesterday, during which he told us the UK is committing c. USD 1.6 bn in financing to a more than USD 10 bn […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
President Abdel Fattah El Sisi will be sworn in for his second presidential term on Saturday, 2 June, at the House of Representatives, Ahram Gate reports. Afreximbank is hosting a conference on deepening Egypt-Africa Trade tomorrow. The event is a precursor to the Afreximbank-backed Intra-African Trade Fair, set to run in Cairo from 11-18 December. […]
Posted inEnterprise+: Last Night’s Talk Shows
Last Night’s Talk Shows on 30 May 2018
The talking heads are still on hiatus. Is it too early to admit we kinda miss them?
Posted inSpeed Round
UK government to provide USD 1.6 bn funding package to Carbon Holdings’ Tahrir plant -UK Investment Minister
EXCLUSIVE- The UK will be providing Carbon Holdings’ Tahrir Petrochemicals Corporation with “an unprecedented” USD 1.6 bn financing package through UK Export Finance, the country’s export credit agency, UK Minister of Investment Graham Stuart told us in an interview in Cairo yesterday. TPC could help double Egypt’s total exports, catalyze industrial growth: “We are excited […]
Posted inSpeed Round
Is gov’t hinting fuel prices could rise more than previously expected?
Is gov’t hinting fuel prices could rise more than previously expected? The Ismail Cabinet has reportedly been importing fuel at a price of USD 75/bbl, according to documents, which state-owned Ahram Online claims to have obtained. As a result, the government is expected to pay EGP 103.8 bn for fuel imports. Vice Minister of Finance […]
Posted inSpeed Round
Rosneft looking to get in on deregulated natural gas market by selling gas to industrial customers
Rosneft looking to get in on deregulated natural gas market by selling gas to industrial customers: Russia’s Rosneft signed an MoU with Dubai-based Fleet Energy earlier last week to potentially import and sell gas in Egypt to industrial consumers, the company said in a press release. The agreement will see both parties “explore the possibilities […]
Posted inSpeed Round
Pharos helps SICO land financing from Banque Misr for New Assiut smartphone plant
Pharos helps SICO land financing from Banque Misr for New Assiut smartphone plant: Our friends at Pharos Holdings announced yesterday (pdf) that they successfully closed out their mandate to help Egyptian Silicon Industries Company (SICO) obtain a facility from Banque Misr to finance the Egyptian smartphone maker’s new 4,500 sqm phone and tablet device factory […]
Posted inSpeed Round
ACA arrests Food Industries Holding Company head, Supply Ministry officials on charges of graft
Corruption watchdog arrests Food Industries Holding Company head, Supply Ministry officials in graft probe: The Administrative Control Authority (ACA) arrested yesterday the chairman of the state-owned Food Industries Holding Company and three Supply Ministry officials on charges of corruption and graft, MENA reported, according to Reuters. The four are accused of taking bribes of some […]
Posted inSpeed Round
FRA to compile a “naughty list” of companies in Egypt’s capital market
FRA to compile a “naughty list” of companies in Egypt’s capital market: The Financial Regulatory Authority (FRA) is looking into compiling a database of companies that have violated capital market regulations and making it available to investors and brokerage firms, FRA Vice Chairman Khaled El Nashar tells Youm7. The database would give insight into companies’ […]