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The EFG Hermes One on One conference wraps today. Yesterday saw a full lineup of one on one investor meetings. We had the pleasure of sitting down with our friends Mohamed Ebeid, Co-CEO of Investment Banking at EFG Hermes, and Ali Khalpey, CEO of EFG Hermes Frontier. They had some very interesting things to say […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Egypt is participating in the ITB Berlin Convention, which runs from 7-11 March in Germany. A number of Egyptian tour companies and hotel operators are participating in the exhibition. Full details are available here.
Posted inON THE HORIZON
On the horizon
Infinity Solar is scheduled to inaugurate its 50 MW solar power plant in Benban, Aswan next week, Al Borsa reports. Infinity has already conducted trial operations and connected the plant to the national grid, making it the first company to complete a solar power plant under the feed-in tariff program, according to CFO Mohamed Shehata. […]
Posted inEnterprise+: Last Night’s Talk Shows
Garhy denies Reuters report that government has set FX rate at EGP 17.5 per greenback in FY2018-19 budget
Economy was the order of the day on the airwaves last night, with Finance Minister Amr El Garhy and EGX head Mohamed Farid both phoning into Hona Al Asema for a chat with Lamees Al Hadidi. The government has not yet settled on the FX rate it will be using for the FY2018-19 budget, El […]
Posted inSpeed Round
Sawiris’ Pakistani real estate venture to break ground on USD 2 bn development in Islamabad next month
Naguib Sawiris’ Pakistani real estate business Ora Developers will begin constructing a USD 2 bn residential project on the outskirts of Islamabad next month, project CEO Tarek Hamdy tells Bloomberg in an interview. “The ‘Eighteen Islamabad’ development will feature more than 1,000 homes, a golf course and a mall on 2.25 mn sqm of land. […]
Posted inSpeed Round
BPE Partners-led consortium to invest USD 30 mn in private university
INVESTMENT WATCH- A BPE Partners-led consortium is planning to invest USD 30 mn in a private university outside Cairo, BPE Partners’ Omar El Labban tells Al Mal. The consortium includes local and foreign investors, and is expected to sign an initial MoU for the project within one month after receiving the necessary government approval, according […]
Posted inSpeed Round
Pharos appoint El Afifi as MD and Co-CEO
MOVES- Pharos Holding announced appointing Aladdin El Afifi as Managing Director and Co-CEO. El Afifi joins Pharos with more than 18 years of financial investments and direct investments experience and has worked with Qalaa Holdings as Head of the company’s investments in the Mining, Mining Industries and Solid Waste sectors. He was also part of […]
Posted inSpeed Round
EGAS to issue LNG tenders in 2Q2018
EGAS is planning to issue a tender for an unspecified amount of LNG in 2Q2018, an unnamed EGAS source tells Reuters’ Arabic service. The shipments would be delivered the following quarter. Oil Minister Tarek El Molla had said last month that Egypt will stop importing LNG by the end of the year, by which time […]
Posted inSpeed Round
US increases its Mediterranean naval presence as ExxonMobil begins Cyprus gas exploration
Meanwhile, the East Mediterranean looks to be heating up, as the world reacts to Turkey’s bullying. The US has upped its naval presence in the Mediterranean as ExxonMobil dispatched drilling ships to Cyprus’ Exclusive Economic Zone (EEZ), Sputnik reports. ExxonMobil is operating on a contract with Cyprus and Qatar Petroleum to explore for energy reserves […]