Good morning, folks. It’s already shaping up to be a busy week for local business news — and mostly welcome news for a change. In today’s issue, we’ve got news of a potentially 11-digit Chinese investment, inflation falling to a two-year low, yet another digital outsourcing project getting off the ground, and more. We’re short […]
Author Archives: enterpriseam admin
Somabay Golf is leading the way in sustainable golf. Somabay Golf Course has become the first golf course in Egypt and one of only four in Africa to earn the prestigious GEO Certified® status. This global recognition highlights Somabay’s leadership in sustainability, with initiatives like solar-powered desalination, wastewater treatment, modern irrigation systems, and eco-friendly grass. […]
Madbouly government preparing to raise the minimum wage, tax thresholds, social protection coverage, and pensions in new social protection package
The package is expected to be approved by March
China’s Asia Potash announces USD 10 bn phosphate fertilizer complex plans
The complex will have a total production capacity of 10 mn tons of phosphate once fully operational
Inflation falls to its lowest level in two years
Annual headline urban inflation dropped to 24.1% in December
Social Impact Capital revises CIRA Education bid to 90% with increased share price offer
CIRA’s shares have a fair value of some EGP 17.95 apiece
MAFI secures USD 180 mn for its agri-food project in Sadat City
The project is expected to begin operations in March 2026
Spanish Konecta announces USD 100 mn Egypt expansion plans
Konecta will set up a regional HQ in New Cairo