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It’s a very busy day, folks, largely on the international affairs front: Topping the list of things we’re tracking today will be the Alliance for Financial Inclusion’s ninth annual Global Policy Forum in Sharm El Sheikh, which we’ll be attending. This year’s event, the largest ever, will see international officials and central bank governors from […]
Author Archives: enterpriseam admin
Posted inWhat We’re Tracking This Week
What we’re tracking this week
The Council of State should be reviewing the Investment Act’s executive regulations thisweek and concluding its work before the month is over. The Egyptian-Sudanese-Ethiopian committee on the Grand Ethiopian Renaissance Damconvenes Thursday in Atbara to discuss the project’s environmental impact report.
Posted inON THE HORIZON
On the horizon
Those wishing to retake possession of land that was seized by the government forallegedly being illegally occupied have until the end of the month to submit their applications and comply with government regulations, Local Development Minister Hisham El Sherif tells Al Borsa. This is of course after the land is paid for, of course. We’re […]
Posted inEnterprise+: Last Night’s Talk Shows
Centcom boss shows the stars ‘n stripes on Masaa DMC
The highlight of the night was an interview with Gen. Joseph Votel, commander of USCentral Command, on Masaa DMC. It was otherwise a mixed bag of nuts last night, with topics ranging from the energy sector to institutional corruption. Surprisingly absent: Coverage of the AFI financial inclusion summit in Sharm being co-hosted by the central […]
Posted inSpeed Round
CBE to complete amendments of the Central Bank and Banking Acts in a month
The CBE will be ready to send the amended Central Bank and Banking Act to the “relevant authorities for approval” in a month after its board finishes discussions on the legislation, Governor Tarek Amer said yesterday. “The amendments rest on the principles of good governance and aim to give the CBE better tools to help […]
Posted inSpeed Round
Statements from Amer and the AFI on Financial Inclusion
And as for the main event: More Egyptians than previously thought have access to a bank account. That news came as Amer discussed Egypt’s strategy and initiatives on financial inclusion at the press conference we attended yesterday. He was joined AFI Executive Director Alfred Hannig, and by Tukiya Kankasa-Mabula, chair of the AFI Gender and […]
Posted inSpeed Round
Cypriot gas field adjacent to Zohr does not contain enough gas to make it viable as standalone project
Bad news for our energy hub ambitions: Cyprus’ Zohr neighbor is a dud: The Onisiforos well in Cypriot block 11 does not contain enough gas to make it commercially viable as a standalone project as it has less than 0.5 tcf of gas, Energy Minister Yiorgos Lakkotrypis said, according to Cyprus Mail. The block, which […]
Posted inSpeed Round
Elsewedy signs EUR 44 mn meter supply contract in Togo
Elsewedy signs EUR 44 mn meter supply contract in Togo: Elsewedy Electric announced that subsidiary Elsewedy Power has signed a EUR 44 mn contract with Compagnie Energie Electrique du Togo to supply it with 300k prepaid meters, according to a bourse disclosure. The contract is to be implemented over a period of Nine months, starting […]
Posted inSpeed Round
Falcon Group’s Tawassol acquires Al Hayat TV
M&A WATCH- Tawassol for Public Relations acquired 100% of television network Al Hayat in a EGP 1.4 bn transaction, Al Mal reports. Tawassol is owned by security company Falcon Group. Al Hayat’s debts surpassed EGP 1 bn during the past period, and held on to only EGP 700k out of EGP 91 mn in advertisement […]