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17-18 April (Tuesday-Wednesday): Creative Industry Summit, Four Seasons Nile Plaza Hotel, Cairo. 24-25 April (Tuesday-Wednesday): Renaissance Capital’s 3rd Annual Egypt Investor Conference, Cape Town, South Africa. 25 April (Wednesday): Sinai Liberation Day, national holiday. 01 May (Tuesday): Labor Day, national holiday. 02-03 May (Wednesday-Thursday): Cisco Connect Egypt 2018, Nile Ritz-Carlton Hotel, Cairo. 03 May (Thursday): […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 12 April 2018
A potential merger of our friends SODIC and Madinet Nasr Housing and Development continued to dominate business news, with SODIC confirming that it is entering into talks that could see the two businesses combined in one form or another. SODIC CEO Magued Sherif spoke with us yesterday about the potential transaction, which is already moving […]
Posted inON THE HORIZON
On the horizon
Renaissance Capital will hold its third annual Egypt Investors Conference in Cape Town on 24-25 April. The event will see senior management from leading Egyptian companies meet one-on-one with South Africa-based investors. French President Emmanuel Macron will reportedly visit Egypt in early May for talks with President Abdel Fattah El Sisi on bilateral relations and […]
Posted inEnterprise+: Last Night’s Talk Shows
Cabinet greenlights EGP 200 bn sovereign wealth fund, farmers aren’t happy with wheat prices
The talking heads had a selection of topics to keep them busy last night, most notable of which was the Ismail Cabinet greenlighting the establishment of a EGP 200 bn sovereign wealth fund. We have chapter and verse in Speed Round, below. But first: Argineering won EGP 100,000 in the CIB-sponsored Hona Al Shabab startup […]
Posted inSpeed Round
SODIC, MNHD talks to begin today -source
SODIC’s board welcomes overture from MNHD; common shareholders could fast-track an agreement: Upmarket real estate developer SODIC said yesterday (pdf) that it welcomes discussions with Madinet Nasr Housing and Development about “potential strategic alternatives for the two entities by way of merger or acquisition” and specifically noted the “potential synergies and benefits that could accrue […]
Posted inSpeed Round
Ismail Cabinet signs off on EGP 200 bn Egypt sovereign wealth fund
MOST EPIC CABINET WATCH EVER- Ismail Cabinet signs off on a EGP 200 bn Egypt sovereign wealth fund: The Ismail Cabinet on Wednesday signed off on legislation establishing an Egyptian sovereign wealth fund, charged with investing state funds locally and abroad across all vehicles and assets, according to a statement from the Ismail Cabinet. The […]
Posted inSpeed Round
ADIA to invest USD 2 bn in Egypt’s electricity, oil, infrastructure in 2H2018
INVESTMENT WATCH- ADIA to invest USD 2 bn in Egypt’s electricity, oil, and infrastructure in 2H2018: The Abu Dhabi Investment Authority (ADIA) is planning to invest USD 2 bn in Egypt’s electricity, oil, and infrastructure sectors in 2H2018, the head of the Arab Union for Direct Investment (AUDI) Mohamed Sameh tells Ahram Gate. Investments from […]
Posted inSpeed Round
Egypt will be issuing USD 6-7 bn in USD-denominated eurobonds in FY2018-19
Egypt will be issuing USD 6-7 bn in USD-denominated eurobonds in FY2018-19, said Finance Minister Amr El Garhy on Wednesday, Reuters reports. El Garhy reportedly said the issuance might take place at the end of 2018 or early 2019, according to Al Mal. Assistant Finance Minister for Capital Market Operations Khaled Abdel Rahman had said […]
Posted inSpeed Round
Hisham Ezz Al Arab speaks on Fintech, the economy
Bringing about financial inclusion will rest on the successful deployment of fintech, our friend CIB Chairman Hisham Ezz Al Arab reaffirmed. “We believe that the integration of current technology is the key to reach the young, unbanked population who comprise the vast majority of the gray economy,” he tells Global Finance Magazine in an interview. […]