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INVESTMENT WATCH- B Investments looks commit additional capital to SME finance outfit as part of EGP 1 bn investment program this year in 2018: B Investments is planning to raise its investment in SME finance firm Ibtikar for Investment Finance — a JV with MM Group — to EGP 500 mn from a current EGP […]
Author Archives: enterpriseam admin
Posted inSpeed Round
UAE’s Julphar to establish USD 68 mn pharmaceuticals factory in Egypt
INVESTMENT WATCH- UAE’s Julphar to establish USD 68 mn pharma plant in Egypt. Dubai-based Julphar Gulf Pharmaceutical Industries wants to build a USD 68 mn pharma factory in Badr City, CCO Saud Musabbah tells Al Borsa. The factory would primarily produce insulin, antibiotics, and blood pressure meds. Julphar has reportedly been waiting on the Health […]
Posted inSpeed Round
SCZone expects Ain Sokhna multi-use zone to reel in USD 60 bn in investments
INVESTMENT WATCH- SCZone expects investments in Ain Sokhna multi-use zone to reach USD 60 bn: The Suez Canal Economic Zone (SCZone) expects the first phase of the Ain Sokhna multi-use zone it is developing with DP World to reel in investments worth USD 60 bn, SCZone’s head of investments Tarek Hashem tells Al Mal. The […]
Posted inSpeed Round
Shipping lines alliance’s return to East Port Said Port not yet final
Shipping lines alliance’s return to East Port Said Port not yet final: The alliance of five shipping lines that had stopped operations in East Port Said operations last year over fee hikes has yet to finalize its return to the port, Yang Ming Marine Transport’s Egypt shipping agent, Mohamed Moselhy, tells Al Mal. A delegation […]
Posted inSpeed Round
Cabinet approves amendments to inland water transport law, Unified Building Code
CABINET WATCH- The Ismail Cabinet signed off yesterday on amendments to the law regulating inland water transport, according to a statement. The amendments would require motorboats to install GPS tracking devices. Infractions would result in imprisonment of no less than two years and a fine of no more than EGP 5,000. The ministers also approved […]
Posted inSpeed Round
Gov’t expects to pass Social Welfare Act by June’s end, says Social Solidarity Minister
LEGISLATION WATCH- The government is planning to pass the Social Welfare Act by the end of June and bring it into effect as of FY2018-19, Social Solidarity Minister Ghada Wali tells Al Borsa. The law would amend the social welfare and pensions systems, guarantee the right to unemployment benefits, and establish a new pension fund. […]
Posted inSpeed Round
*** 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 […]
Posted inUncategorized
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Posted inTHE MACRO PICTURE
Why have IMF bailouts in Africa led to small improvements in credit-worthiness?
Why have IMF bailouts in Africa led to small improvements in credit-worthiness? In 2017, nine out of 21 Fitch-rated African sovereigns were under disbursing financial arrangements with the IMF. And while these programs have led to improvements in credit worthiness by bridging their financing gaps, these have been relatively few, according to the Financial Times. […]
Posted inSpotlight
Wrap-up of AmCham’s Doorknock in Washington, DC
US trade delegation reportedly inbound after AmCham wraps 40th Doorknock in Washington, DC: AmCham wrapped up its fortieth annual Doorknock mission to Washington, DC, last week on what its leadership called a “high note,” with plans for a 50-company US trade delegation to make a return visit to Cairo in October. “Everyone here commended the […]