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Fintech startup Moneyfellows raised USD 600k from Dubai-based Angel Investors and 500 Startups, according to Forbes Middle East. Moneyfellows, who we reported on last summer, makes its money by charging a small fee upon withdrawal and currently has 2,600 users in roughly 240 “money circles.” This latest round of funding brings Moneyfellows total amount raised […]
Author Archives: enterpriseam admin
Posted inLegislation + Policy
House approves amendments to Civil Service Act that make registration for social welfare services mandatory
The House of Representatives voted in amendments to the Civil Service Act yesterday that make it mandatory for citizens to register their updated information at government offices that provide them with various social welfare services and benefits, Ahram Gate reports. Citizens will have one year to from when the law is published in the Official […]
Posted inEgypt Politics + Economics
Prosecutor to investigate New York Times report
Egypt’s Prosecutor General Nabil Sadek has ordered a formal investigation into allegations made in The New York Times accusing Egyptian authorities of trying to sway public opinion to accept US President Donald Trump’s declaration of Jerusalem as Israel’s capital, Ahram Online reports. The Egyptian government denied the Times’ claims that it obtained copies of recorded […]
Posted inON YOUR WAY OUT
Farouk Shousha’s 82nd birthday celebrated by Google
Google’s Doodle yesterday celebrated poet Farouk Shousha’s 82nd birthday and his radio show “Lughatuna Al-Jamila.” Shousha credited his classical style of schooling for his “strong foundation in Arabic, which in turn inspired his lifelong passion for safekeeping the quality and purity of the language. On his show, Our Beautiful Language, he would recite and dissect […]
Posted inON YOUR WAY OUT
Egypt Equine Aid
First donkey’s get to emigrate, now they’re getting decent healthcare? Egypt Equine Aid is an organization that offers free veterinary care and education on the treatment of horses and donkeys in Cairo, according to One Green Planet. Founded by Aussies Jill and Warren Barton, the organization takes in malnourished and lame animals and gives them […]
Posted inON YOUR WAY OUT
Startup Reactor about to start fifth cycle
The fifth iteration of the Egypt-based startup accelerator program ‘Startup Reactor’ is accepting applications, according to CNBC Africa. The program selects 40 startups and provides them with mentoring and facilities before narrowing down the selection to 15. The top three, who will be chosen over the coming six months, will be provided with opportunities to […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.6383 | Sell 17.7383 EGP / USD at CIB: Buy 17.63 | Sell 17.73 EGP / USD at NBE: Buy 17.65 | Sell 17.75 EGX30 (Tuesday): 15,159 (+1.4%) Turnover: EGP 1.3 bn (19% above the 90-day average) EGX 30 year-to-date: +0.9% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
15-17 January (Monday – Wednesday): EFG Hermes Annual Egypt Day Conference, Four Seasons Nile Plaza, Cairo 15 January (Monday): EFG Hermes Annual Egypt CEOs Dinner, Four Seasons Nile Plaza, Cairo 22-23 January (Monday-Tuesday): Arqaam Capital Egypt Investors Conference 2018, The Vineyard Hotel, Cape Town, South Africa. 25 January (Thursday): 25 January revolution / Police Day, […]
Posted inWhat We're Tracking Today
What we’re tracking on 09 January 2018
Food for thought on this fine Tuesday morning, where we once again remind you that Egyptianwinters are the best winters in the world: We’re basking in a relatively quiet news day. You should too. Hit the link here for our full 2018-19 holiday calendar. Then get a fresh cup of coffee, close your door and […]