Author Archives: enterpriseam admin

INVESTMENT WATCH- Alta Semper plans to invest USD 200 mn in health, consumer sectors in Africa, including Egypt: London-based private equity firm Alta Semper is planning to invest USD 200 mn in the health and consumer sectors in Egypt and the rest of Africa over the next two years, Cairo office director Ahmed Rady tells […]

Car industry research firm Focus2Move questions auto rebound in Egypt: Sales of passenger cars and other light vehicles in Egypt are supposedly down 6.7% y-o-y in 1Q2018, according to international car industry research firm Focus2Move. The report contradicts the latest findings by the Automotive Information Council (AMIC), which said earlier this month that total auto […]

Hotels in Egypt need to gear up for the influx in tourist arrivals that the country should see as of this year, Hilton’s VP of Operations for Egypt and North Africa, Mohab Ghali, tells Hotels News ME in an interview. The company is expecting tourists to return to Egypt in droves, especially now that direct […]

The Ismail Cabinet approved a USD 105 mn exploration agreement with Eni and the Egypt’s Tharwa to search for oil and gas in the Mediterranean off the coast of north Sinai, according to a cabinet statement. Under the agreement, Eni and Tharwa drill two wells over two stages in the coming six years, Oil Minister […]

LEGISLATION WATCH- Amendments to the House of Representatives Act will likely be “extensive,” House Legislative Committee secretary Ehab El Tamhawy tells Al Shorouk. In its current form, the law — which will set election guidelines and govern the establishment of coalition and party formations — is tailored to the assembly that was voted in after […]

EARNINGS WATCH- B Investments reports solid financial performance in FY2017: BPE Holding for Financial Investments reported a solid financial performance in FY2017, with consolidated net profits after tax for the year growing 152% y-o-y to EGP 133.2 mn. Consolidated revenues grew 58% y-o-y to EGP 171.6 mn, the company said in an earnings release on […]

Would you go for a Netflix rival if it only cost you EGP 1? Netflix rival Iflix has launched an exclusive partnership with Vodafone Egypt to offer Vodafone users unlimited access to a vast library of TV shows and movies for just EGP 1 per day, the firm said in a press release. The company […]

*** SMART PEOPLE WANTED. We’re hiring at both Enterprise and at our parent company, Inktank. We’re looking for critical thinkers who have outstanding English-language writing skills. Don’t apply if you are not (at an absolute minimum) unafraid of numbers. We offer a great, casual work environment, the opportunity to work with smart people who care […]