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Egypt is experiencing a startup “revolution” that is set to change the continent’stech landscape, Abdi Latif Dahir writes for Quartz Africa. “Egypt’s nascent tech scene remains a bright spot for the country. And after years of being scared off by political turmoil, investors are making a comeback with fundraising for Egyptian startups jumping 105% in […]
Author Archives: enterpriseam admin
Posted inEGYPT IN THE NEWS
Erdogan says kicking Daesh out of Syria caused an influx of terrorists in Sinai
Turkish potentate Recep Tayyip Erdogan reportedly said that the US operationagainst Daesh in Syria has caused terrorists to flee Raqqa for the Sinai, Asharq Al Awsat reports. Erdogan’s self-serving statement, which came up during a meeting of the AKP parliamentary bloc in Ankara, appears to imply that the US strategy of support for the Kurdish […]
Posted inWorth reading
The great Google-Amazon war intensifies
The great Google-Amazon war intensifies: If you’ve purchased an Amazon device recently and discovered you can’t get Youtube, it’s because Google has pulled it from all Amazon gadgets — the latest salvo in a commercial war between the two internet giants. The move comes in response to Amazon pulling Google devices off its website, Alphabet […]
Posted inWorth watching
No Woman, No Cry — Gulfie style
We bring you Bob Marley’s No Woman, No Cry — Gulfie style, courtesy of MBC. Led by Mohammad Al Bakry, the performance features a host of oriental instruments, including the oud, and a full ensemble of kandura-clad backup singers. We’ll say no more (watch, runtime 4:18).
Posted inDiplomacy + Foreign Trade
US Congress’ Tom Lantos Human Rights Commission criticizes Egypt’s human rights record post-2011
Witnesses at a US congressional hearing on human rights in Egypt delivered a scathing review yesterday, saying that Egypt has “descended into a military autocracy” with a less-than-stellar human rights record since the 2011 uprising. The four witnesses pointed to the NGOs Law, the Protest Law, the Judicial Authorities Act, and the Youth Institutions Act […]
Posted inDiplomacy + Foreign Trade
Egypt, US discuss increasing trade cooperation
Egypt and the US discussed promoting “fair and reciprocal” trade and addressing “outstanding bilateral trade issues” during a meeting of the bilateral Trade and Investment Council on Tuesday, according to a US Embassy statement. The US delegation, headed by Assistant US Trade Representative for Europe and the Middle East Daniel Mullaney, “used the meeting to […]
Posted inDiplomacy + Foreign Trade
NZ meat, ties with Korea and German travel advisory
Also worth noting in brief: Companies in New Zealand will no longer have to go through individual inspections before exporting meat to Egypt, according to Scoop Independent News. Trade and Industry Minister Tarek Kabil met with a delegation from the Egyptian-Korean Business Council yesterday to discuss ways to boost bilateral trade and investment. The delegation […]
Posted inEnergy
Electricity Ministry to tender 500 MW solar power plants in 1Q2018
The Electricity Ministry is planning to tender an unspecified number of solar power plants in Minya and Aswan during 1Q2018, ministry sources tell Al Borsa. The plants, which will produce a total 500 MW, will be tendered under a build-own-operate framework. Arab and international companies have already expressed interest, the sources add.
Posted inEnergy
Empower reaches final agreement with Canadian partners for 10 MW waste-to-energy plant
Energy group Empower has reached a final agreement with unnamed Canadian investors to establish a 10 MW waste-to-energy (WtE) plant with initial investments of EGP 400 mn, Empower CEO Hatem El Gamal tells Al Borsa. Empower and its partners have reportedly received the necessary licenses and plan to launch the project “within days.” The consortium […]
Posted inEnergy
Enara Capital planning USD 680 mn worth of energy projects in Africa next year
Enara Capital is planning to execute four renewable energy projects worth a combined USD 680 mn in four African countries next year, Al Borsa reports. The projects will be established in Ethiopia, Zambia, Senegal, and Madagascar, Enara’s Chief Investment Officer Hashem Fouad said. The investment fund will finance the projects through facilitated loans from the […]