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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, national holiday. 29-30 January (Monday-Tuesday): Seamless North Africa, The Nile Ritz-Carlton, Cairo. 30 January-01 February (Tuesday-Thursday): CI Capital’s MENA Investor Conference, Four Seasons Nile Plaza, Cairo. 12-14 February 2018 (Monday-Wednesday): […]
Author Archives: enterpriseam admin
Posted inWhat We're Tracking Today
What we’re tracking on 03 January 2018
State of emergency extended for another three months: President Abdel Fattah El Sisi issued a decree yesterday extending the state of emergency for another three months as of 13 January. Emergency law was first imposed in April after a terror attack on two Coptic churches killed 45 people, and later extended in July and again […]
Posted inON THE HORIZON
On the horizon
The Finance Ministry will meet next week with the five banks selected to manage Egypt’s upcoming USD 4 bn eurobond issuance, Minister Amr El Garhy tells Al Mal. The two sides will discuss the plan for the issuance, including the timing of the roadshow and the appropriate tenure of the bonds. As we noted yesterday, […]
Posted inEnterprise+: Last Night’s Talk Shows
Supply Ministry in the limelight following price-printing policy and ahead of other reforms
The Supply Ministry was in the limelight on the airwaves last night, a day after it passed its price-printing policy, and ahead of other anticipated reforms. Minster Ali El Moselhy told Hona Al Asema’s Lamees Al Hadidi that moving from in-kind subsidies to cash handouts requires thorough studies, without which the transition would not be […]
Posted inSpeed Round
Egypt to repay USD 12 bn in foreign debt this year
Egypt repaid USD 30 bn in foreign currency debt in 2017 and is set to pay off more than USD 12 bn more in 2018, MENA said, as per Reuters. Egypt’s debts stood at USD 79 bn at the end of FY 2016-17, the report notes. The central bank had saidit closed 2017 by paying […]
Posted inSpeed Round
Emirates Healthcare Group enters into strategic partnership with Alameda
M&A WATCH- UAE-based Emirates Healthcare Group signed a strategic partnership agreement with Egypt’s Alameda Healthcare Group, according to Trade Arabia. “The population of Egypt has reached 91 mn, yet the number of hospital beds available is less than two beds per 1,000 people. With an annual population growth of 2.2%, Egypt desperately needs more hospital […]
Posted inSpeed Round
CI Capital completes acquisition of 80% of Reefy
M&A WATCH- CI Capital completes acquisition of 80% of Reefy: CI Capital announced yesterday that it has completed the acquisition of an 80% stake in microfinance provider Reefy. The acquisition was first announced last October. “CI Capital’s management plans to integrate Reefy into its non-banking financial services business,” the announcement said, adding that Reefy’s management […]
Posted inSpeed Round
EKH receives approval to increase stake in Delta Insurance to 99%
M&A WATCH- EKH receives approval to increase stake in Delta Insurance to 99%: Egypt Kuwait Holding (EKH) received approval to increase its stake in Delta Insurance to 99% from 32.026%, according to a bourse disclosure. EKH says it intends to submit a mandatory tender offer to the Financial Regulatory Authority to acquire the stake at […]
Posted inSpeed Round
Investors in Africa to watch for elections in Egypt -Bloomberg
Investors should keep an eye on the presidential elections slated for this year, Bloomberg says in its guide for what investors should watch for in 10 key African markets in 2018. The elections will signal if the president will move ahead with the “deep economic reforms that have gone down well with portfolio investors, but […]