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Egyptian startup PayMob is trying to promote financial inclusion in Egypt, Pamella De Leon writes for Entrepreneur Middle East. PayMob is an Egypt-based “electronics payments solutions provider converting cash payments to electronic, using existing payment channels such as credit card, mobile wallet and cash.” CTO and co-founder Mostafa Menessy says that the only thing “missing […]
Author Archives: enterpriseam admin
Posted inON YOUR WAY OUT
Tech is making grocery delivery a growing trend in Egypt
Digital grocery delivery platforms are becoming the rage among startup types in Egypt, driven by a surge in e-commerce solutions, Radwa Rashad writes for Wamda. At least six grocery ecommerce platforms and apps exist, including Knock Mart, Dakakyn, Goodsmart, and Fakahany. Goodsmart, which secured USD 750k in funding from Algebra Ventures, delivers groceries in Sheikh […]
Posted inThe Market Yesterday
EGP / USD CBE market average: Buy 17.72 | Sell 17.82 EGP / USD at CIB: Buy 17.72 | Sell 17.82 EGP / USD at NBE: Buy 17.73 | Sell 17.83 EGX30 (TUESDAY): 13,102 (-0.3%) Turnover: EGP 782 mn (15% below the 90-day average) EGX 30 year-to-date: +6.1% THE MARKET ON TUESDAY: The EGX30 ended […]
Posted inCALENDAR
17 August (Thursday): Central Bank of Egypt’s Monetary Policy Committee to review policy rates. 31 August-04 September (Thursday-Monday): Eid Al-Adha, national holiday (TBC) as specified by the Astronomical and Geophysics Institute. The Thursday is the waqfat Arafat, with the first day of the Eid on Friday, 1 September. September — The House of Representatives is […]
Posted inWhat We're Tracking Today
What we’re tracking on 15 August 2017
On a blessedly slow late-summer news day in Egypt and around the world — American pundits seem more obsessed with whether their president would call racists “racists” than the prospect of nuclear Armageddon — the return of an ambassador qualifies as big news. After more than a year of estrangement, Italy is sending its ambassador […]
Posted inWhat We're Tracking Today
86 year-old Egyptian wins bronze medal for swimming
86 year-old Egyptian wins bronze medal for swimming: 86-year old Egyptian Essam Nasser snagged the bronze medal at an international 800-meter freestyle swim race this week, according to the Facebook page Sports News Egypt. You can ponder that the next time you need some motivation to get you to lace up your running shoes / […]
Posted inWhat We’re Tracking This Week
What we’re tracking this week
Will the central bank drop interest rates this week? Stay tuned for the Monetary Policy Committee meeting on Thursday to find out. The general expectation is that the committee will leave rates on hold, especially in light of the spike in inflation in July. The Ismail cabinet will look at the Investment Act’s executive regulations […]
Posted inON THE HORIZON
On the horizon
The Ismail cabinet is expected to review the “final draft” of the Universal Healthcare Act by the end of the month, with an eye towards introducing it to the House of Representatives when MPs reconvene in September.
Posted inEnterprise+: Last Night’s Talk Shows
Minimum wage talk, Sahar Nasr interview + ports roadshow, railway upgrades dominate last night’s talk shows
The airwaves gave us a mixed bag of nuts last night, with minimum wage, rail upgrades, the return of Italy’s ambassador, and future investment opportunities being the main points of discussion. The proposal to set a monthly minimum wage of EGP 2,000 for the private sector will not be mandatory, Manpower Minister Mohamed Saafan told […]