{"id":545207,"date":"2022-03-13T13:44:44","date_gmt":"2022-03-13T13:44:44","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=afternoon&#038;p=545207"},"modified":"2025-12-15T20:58:24","modified_gmt":"2025-12-15T20:58:24","slug":"a-calmer-start-to-the-week","status":"publish","type":"afternoon","link":"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-calmer-start-to-the-week\/","title":{"rendered":"A calmer start to the week"},"content":{"rendered":"<section id=\"545209\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"545209\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TONIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/\">\r\n                            THIS EVENING: CBE extends cash cover for foodstuffs + Russia\u2019s latest attack target in Ukraine: A military base in Yavoriv                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=THIS EVENING: CBE extends cash cover for foodstuffs + Russia\u2019s latest attack target in Ukraine: A military base in Yavoriv&url=https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/&title=THIS EVENING: CBE extends cash cover for foodstuffs + Russia\u2019s latest attack target in Ukraine: A military base in Yavoriv\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=THIS+EVENING%3A+CBE+extends+cash+cover+for+foodstuffs+%2B+Russia%E2%80%99s+latest+attack+target+in+Ukraine%3A+A+military+base+in+Yavoriv+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F03%2F13%2Fthis-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/this-evening-cbe-extends-cash-cover-for-foodstuffs-russias-latest-attack-target-in-ukraine-a-military-base-in-yavoriv\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545209\" class=\"content-area-description single-story post-545209 post type-post status-publish format-standard hentry category-what-were-tracking-tonight tag-anissa-hassouna tag-enterprisepm tag-russia-ukraine-war tag-what-were-tracking-tonight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good afternoon, ladies and gentlemen.<\/strong> It\u2019s one of the slowest Sundays we can remember in recent history, which is quite the departure from where we were this morning.<\/p>\n<p><strong>THE BIG STORY TODAY<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>CBE extends cash cover for foodstuffs: <\/strong>The Central Bank of Egypt (CBE) is <a href=\"https:\/\/ent.news\/2022\/3\/%D9%83%D8%AA%D8%A7%D8%A8-%D8%AF%D9%88%D8%B1%D9%8A-%D8%A8%D8%AA%D8%A7%D8%B1%D9%8A%D8%AE-10-%D9%85%D8%A7%D8%B1%D8%B3-2022-%D8%A8%D8%B4%D8%A3%D9%86-%D9%85%D8%AF-%D9%81%D8%AA%D8%B1%D8%A9-%D8%A7%D8%B3%D8%AA%D8%AB%D9%86%D8%A7%D8%A1-%D8%A8%D8%B9%D8%B6-%D8%A7%D9%84%D9%85%D9%86%D8%AA%D8%AC%D8%A7%D8%AA-%D8%A7%D9%84%D8%BA%D8%B0%D8%A7%D8%A6%D9%8A%D8%A9-%D9%85%D9%86-%D9%85%D8%AA%D8%B7%D9%84%D8%A8%D8%A7%D8%AA-%D8%A7%D9%84%D8%BA%D8%B7%D8%A7%D8%A1-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A-%D9%84%D9%85%D8%AF%D8%A9-%D8%B9%D8%A7%D9%85.pdf\">extending (pdf)<\/a> the exclusion period for rice, lentils, and fava beans from their 100% cash cover for another year, ending 15 March, 2023. The CBE has extended the exclusion period twice in the past two years (<a href=\"https:\/\/ent.news\/2022\/3\/Circular-dated-16-March-2020-regarding-extension-of-exempting-certain-food-products-from-cash-cover-requirements-for-one-year-.pdf\">here<\/a> and <a href=\"https:\/\/ent.news\/2022\/3\/Circular-dated-23-March-2021-regarding-extension-of-exempting-certain-food-products-from-cash-cover-requirements-for-one-year.pdf\">here<\/a>) since it first introduced the exemptions in 2019.<\/p>\n<p><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM<\/strong>:<\/p>\n<ul>\n<li><strong>Georgieva says IMF is talking with Egypt:<\/strong> \u201cI worry for Egypt. If we have sustained high food and energy prices, how this is going to impact people in Egypt,\u201d International Monetary Fund (IMF) boss Kristalina Georgieva <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60369999-0536-445f-86c7-6ca68e624aed\">said on Thursday<\/a>.<\/li>\n<li><strong>A first look at the long-awaited automotive strategy:<\/strong> Cabinet <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a06d4ec-4025-490e-8842-45c8a9fe0d8a\">reviewed last week<\/a> the final version of a national strategy to develop the automotive industry.<\/li>\n<li><strong>Gov\u2019t has incentives for green economy:<\/strong> The Madbouly government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ae23b8fb-b6ae-4d6c-846a-880e5605e5e2\">is introducing incentives<\/a> to spur investments in the green and AI sectors, including projects in green hydrogen, green ammonia, EV manufacturing and charging, plastics alternatives, and waste management<\/li>\n<\/ul>\n<hr class=\"grey-line\">\n<p><strong>THE BIG STORY ABROAD<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Russia\u2019s latest attack target in Ukraine: A military base in Yavoriv.<\/strong> Russian forces fired 30 rockets (some of which were intercepted) at the International Center for Peacekeeping and Security \u2014 which usually houses joint drills with NATO \u2014 located in Yavoriv, near the Polish border, <a href=\"https:\/\/www.reuters.com\/world\/europe\/air-strike-launched-ukraine-military-base-near-polish-border-lviv-authorities-2022-03-13\/\">R<\/a><a href=\"https:\/\/www.reuters.com\/world\/europe\/air-strike-launched-ukraine-military-base-near-polish-border-lviv-authorities-2022-03-13\/\">euters<\/a> reported. The attack <a href=\"https:\/\/www.bbc.com\/news\/live\/world-europe-60717902?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=622dc985ec502b53cd481f31%26Military%20base%20death%20toll%20soars%20to%2035%262022-03-13T10%3A38%3A56.119Z&ns_fee=0&pinned_post_locator=urn:asset:65665a63-30dd-44d7-9b81-75621dd987b7&pinned_post_asset_id=622dc985ec502b53cd481f31&pinned_post_type=share\">killed 35<\/a> and injured 134 others.<\/p>\n<p><strong>Could chemical weapons be next? <\/strong>Russia may use chemical weapons next, NATO Secretary-General Jens Stoltenberg told German newspaper <a href=\"https:\/\/www.welt.de\/politik\/ausland\/article237500349\/Jens-Stoltenberg-Nato-Chef-rechnet-mit-noch-groesserer-Not-in-der-Ukraine.html\">Welt am Sonntag<\/a>. \u201cWe have heard absurd claims about chemical and biological weapons laboratories,\u201d Stoltenberg said.<\/p>\n<p><strong>Putin is ramping up efforts to restrict Russians\u2019 access to news: <\/strong>Russia is threatening to block Instagram after calling its parent company, Meta Platforms, an \u201cextremist organization.\u201d the <a href=\"https:\/\/www.wsj.com\/articles\/russia-rolls-down-internet-iron-curtain-but-gaps-remain-11647087321\">Wall Street Journal<\/a> writes. Russia had <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b9f50488-a0a4-49fc-b29f-bd82792f1229\">already restricted<\/a> access to Twitter and Facebook and passed a law that criminalizes \u201cfake news.\u201d<\/p>\n<p><strong>Is peace (take four) actually on the horizon for the Ukrainian-Russian crisis?<\/strong> Ukraine is currently in talks with Israel and Turkey, which stepped in as mediators in the crisis, to determine a location and framework for renewed peace talks with Russia, <a href=\"https:\/\/www.reuters.com\/world\/europe\/ukraine-is-working-with-israel-turkey-set-up-talks-with-russia-says-negotiator-2022-03-13\/\">Reuters<\/a> quoted Ukrainian presidential adviser and negotiator Mykhailo Podolyak as saying. \u201cWhen it is worked out, there will be a meeting. I think it won't take long for us to get there,\u201d he said on state TV, without providing further details.<\/p>\n<hr class=\"grey-line\">\n<p><strong>IN MEMORIAM- Former member of parliament and Al Nas Children\u2019s Hospital CEO<\/strong><strong> Anissa Hassouna passed away today<\/strong> after a battle with cancer, <a href=\"https:\/\/bit.ly\/3J9uEkW\">Masrawy<\/a> reports. Hassouna, a leader in the world of philanthropy and charity work, is known for speaking publicly about her struggle with illness, and chronicled her journey fighting the disease in her memoir, \u201c<a href=\"https:\/\/www.shoroukbookstores.com\/books\/view.aspx?id=abdfffe1-5792-4fec-8b48-3f49f6925976\">Bedoun Sabeq Enzar<\/a>\u201d (Without Prior Warning).<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>      <a href=\"egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><strong>FOR TOMORROW-<\/strong> <strong>AUC will hold its annual <\/strong><strong><a href=\"https:\/\/ent.news\/2022\/3\/AUC-Business-Forum-Media-Advisory-English.pdf\">Business Forum<\/a><\/strong><strong> from tomorrow through this<\/strong><strong> Thursday, <\/strong><strong>17 March. <\/strong>The virtual forum will see founders, business players and policymakers from Egypt, Africa and other parts of the world discuss investing in tech startups, corporate learning and development, and the role of multi-stakeholder collaboration in fueling inclusive sustainable development, among other topics. Keynote speakers will include Planning Minister Hala El Said, and American economist and Nobel Prize Laureate Abhijit Banerjee. You can <a href=\"https:\/\/business.aucegypt.edu\/news\/auc-business-virtual-forum-2022\">register here<\/a>.<\/p>\n<p><strong>? CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>Green energy forum: <\/strong>The German Arab Chamber of Industry and Commerce is hosting the Egyptian German Green Energy Forum next Tuesday, 22 March. Planning Minister Hala El Said, Vice Minister of Finance Ahmed Kouchouk, and German Ambassador Frank Hartmann are among those slated to attend. The event runs 5:30-9pm CLT at the InterContinental Cairo Semiramis.<\/p>\n<p><strong>Interest rates: <\/strong>The Central Bank of Egypt will hold its <a href=\"https:\/\/www.cbe.org.eg\/en\/MonetaryPolicy\/Pages\/MPCMeetingSchedule.aspx\">next monetary policy meeting<\/a> on Thursday, 24 March.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n<p>\u2600\ufe0f <strong>TOMORROW\u2019S WEATHER- It\u2019s going to be a windy, cold week <\/strong>\u2014 especially early in the morning and late at night \u2014 according to the <a href=\"https:\/\/www.facebook.com\/ema.gov.eg\/posts\/327127659445808\">Egyptian Meteorological Authority\u2019s<\/a> latest forecast. Expect highs of 19\u00b0C and lows of 9\u00b0C over the next five days in the capital and Alexandria.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/anissa-hassouna\/\">Anissa Hassouna<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/russia-ukraine-war\/\">Russia-Ukraine war<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-tonight\/\">WHAT WE\u2019RE TRACKING TONIGHT<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> 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class=\"stk-block-content stk-inner-blocks stk-7qezoag-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240928.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/www.beltoneholding.com\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27484.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Where disruption meets success<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        \r\n            <div class=\"wp-block-stackable-column stk-block-column stk-column stk-block stk-pbm3ytz\" data-v=\"4\" data-block-id=\"pbm3ytz\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-pbm3ytz-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-pbm3ytz-inner-blocks\">\r\n            <div class=\"issue-sponsor-slide\">\r\n                <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/240936.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" href=\"https:\/\/cira.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                        <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/27480.svg\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Shaping the future of education in Egypt<\/span>\r\n                <\/div>\r\n            <\/div>\r\n            <\/div><\/div><\/div>\r\n        <\/div><div 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COMMUTE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/taiwan-rushes-to-set-up-chip-schools-amid-global-shortage-getting-a-degree-abroad-gives-african-founders-an-edge\/\">\r\n                            Taiwan rushes to set up chip schools amid global shortage + Getting a degree abroad gives African founders an edge                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/477.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545212\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/taiwan-rushes-to-set-up-chip-schools-amid-global-shortage-getting-a-degree-abroad-gives-african-founders-an-edge\/477-jpg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/477.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"477.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/477.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/477.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545211\" class=\"content-area-description single-story post-545211 post type-post status-publish format-standard has-post-thumbnail hentry category-for-your-commute tag-africa tag-chip-schools tag-enterprisepm tag-for-your-commute tag-startups tag-taiwan tag-tsmc wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Is getting a degree abroad giving African startup founders an edge with securing<\/strong><strong> investments? <\/strong>That\u2019s what a recent analysis by <a href=\"https:\/\/thebigdeal.substack.com\/p\/homegrown-talent-still-has-it-harder?s=r\">The BigDeal<\/a>, a newsletter covering African startup investments, suggests. The analysis found that Africa-educated CEOs raised less \u2014 both in number of funding rounds (44%) and in amount (28%) \u2014 than their foreign-educated counterparts, with US-educated CEOs leading the charge, followed by their UK-educated peers. While the analysis does not provide reasons for the disparity, <a href=\"https:\/\/qz.com\/africa\/2140337\/vc-fundraising-is-for-african-ceos-who-studied-abroad\/\">Quartz Africa<\/a> suggests that CEOs \u201cstudying in and understanding the cultural dynamics of where most funding comes,\u201d helps give them an edge when working with foreign investors, who last year accounted for a bulk of investments in Africa\u2019s megarounds.<\/p>\n<p><strong>The good news: Egypt is bucking the trend<\/strong>, along with South Africa, with some two-thirds of funding raised and the total volume of rounds in both countries involving locally-educated CEOs. The American University in Cairo also got a special mention, ranking third in terms of number of alum CEOs who raised funding in Africa last year, after South Africa\u2019s University of Cape Town and Stanford.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>SIGN OF THE TIMES- Amid the global chip shortage, Taiwan is rushing towards<\/strong><strong> setting up specialized all-year round chip schools<\/strong> to train younger semiconductor engineers, <a href=\"https:\/\/www.reuters.com\/markets\/funds\/taiwan-invests-next-generation-talent-with-slew-chip-schools-2022-03-10\/\">Reuters<\/a> reported. The plans have proven crucial as chip companies spend bn(s) of USD into capacity expansion to make the chips, which act as the brain of every electronic device in the world. Taiwanese leading chip firm TSMC, for example, is set to spend up to USD 44 bn and hire over 8k employees in the workforce, while Samsung <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/86e2cedb-7349-461d-92e1-2dd7434dcade\">is building<\/a> a USD 17 bn chip plant in Texas. Four semiconductor graduate schools have been established in Taiwan\u2019s leading universities last year, with a combined capacity of around 100 masters and PhD students, while another has been approved.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/africa\/\">Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/chip-schools\/\">chip schools<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/for-your-commute\/\">FOR YOUR COMMUTE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/startups\/\">startups<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/taiwan\/\">Taiwan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tsmc\/\">TSMC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545213\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"545213\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">ENTERPRISE RECOMMENDS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/one-of-us-is-lying-a-new-mystery-drama-premier-leagues-gameweek-29-resumes-have-an-authentic-spanish-meal-at-la-ventana\/\">\r\n                            One of Us is Lying: A new mystery drama + Premier League\u2019s Gameweek 29 resumes + have an authentic Spanish meal at La Ventana                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/one-of-us-is-lying-a-new-mystery-drama-premier-leagues-gameweek-29-resumes-have-an-authentic-spanish-meal-at-la-ventana\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Based on Karen M. McManus\u2019 New York Times best-selling novel under the same name, the series follows five high school students who walk into detention, with one dying under suspicious circumstances as he is about to reveal secrets about the others in an online gossip group. All the other students have the motive to kill their classmate, kicking off a probe to discover which one of the high schoolers is lying about their innocence.<\/p>\n<p>\u26bd<strong>The Premier League\u2019s Gameweek 29 resumes today with six games<\/strong>, five of which are about to get underway, with kickoff at 4pm: Chelsea v Newcastle, Leeds United v Norwich City, Everton v Wolves, West Ham v Aston Villa, and Southampton vsWatford. The last EPL game of the night will see Arsenal vs Leicester City going head-to-head at 6:30pm.<\/p>\n<p><strong>In La Liga<\/strong>, Barcelona is looking to clinch third place in the league with a victory against Osasuna at 10pm. Real Betis will play against Athletic Club at 5:15pm, while Real Sociedad will clash with Alav\u00e9s at 7:30pm.<\/p>\n<p><strong>In the Serie A<\/strong>, Verona is playing against Napoli as we dispatch. Atalanta will play against Genoa, while Udinese will clash against Roma, with both games kicking off at 7pm. Torino is up for a difficult game against Inter at 9:45pm.<\/p>\n<p><strong>Egypt\u2019s Al Masry plays its fourth game in the CAF Confederation Cup<\/strong> group stage against Congo\u2019s Otho d\u2019oho at 6pm as the Port Said-based club tries to consolidate second place which it currently shares in points with the Congolese club behind Congo\u2019s Mazembe, which leads the group with six points.<\/p>\n<p><strong>Pyramids FC plays its game in the same African tournament against Tunis\u2019s CS Sfaxien <\/strong>at 9pm, hoping to maintain its faultless run of nine points from three victories.<\/p>\n<p><strong>? EAT THIS TONIGHT- <\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>Craving some Spanish goodness? <\/strong><strong><a href=\"http:\/\/www.laventanaeg.com\/\">La Ventana<\/a><\/strong><strong>in Sheikh Zayed\u2019s Arkan <\/strong>promises you a meal that your taste buds will thank you for. The chic restaurant, decorated with trendy and wooden tables with a Spanish vibe, is home to delicious tapas and other delicacies on their specialty menu. Our favorites are: Patatas bravas, fried potato chips with spicy tomato salsa and garlic aioli, and carpaccio de champi\u0144ones, mushroom carpaccio with dried fruits, dill and vinaigrette. Their menu includes pescados (fish) and carnes (meats) delicacies, but what\u2019s more Spanish than Paellas? Go for Paella de marisco, a seafood paella with fish, prawns, mussels and sepia, for an unforgettable meal. And on the way out, go for Crema Catalana, which is a Spanish creme br\u00fbl\u00e9e with cookie crumble and homemade vanilla ice cream.<\/p>\n<p>? <strong>OUT AND ABOUT-<\/strong><\/p>\n<p>(all times CLT)<\/p>\n<p><strong>Cairo Jazz Club in Agouza is hosting a <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/367315151917780\/\">wine & dine night<\/a><\/strong>, featuring singer Doaa El Sebaii, tonight at 9pm.<\/p>\n<p><strong>It\u2019s the closing night of <\/strong><strong><a href=\"https:\/\/www.facebook.com\/events\/2489789107821167\/\">W Ba\u2019adein<\/a><\/strong>, a play about loss and love, at Rawabet Art Space. The show begins at 8pm.<\/p>\n<p><strong>? UNDER THE LAMPLIGHT-<\/strong><\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a> <strong>How was London shaped into the city it is today?<\/strong> <a href=\"https:\/\/www.amazon.com\/Migrant-City-New-History-London\/dp\/0300210973\">Migrant City: A New History of<\/a><a href=\"https:\/\/www.amazon.com\/Migrant-City-New-History-London\/dp\/0300210973\">London<\/a> by Panikos Panayi explores how the history of immigration along with globalization shaped the British capital to be the city it is now, highlighting how migration was crucial to London\u2019s political, economic, political and cultural rise. The scholarly resource chronicles newcomers molding London through cheap labor, contribution to the financial sector and others in the city\u2019s history through the lens of migration.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/enterprise-recommends\/\">Enterprise Recommends<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/la-ventana\/\">La Ventana<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/migrant-city\/\">Migrant City<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/netflix\/\">Netflix<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545215\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"545215\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">GO WITH THE FLOW<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/market-roundup-on-13-march\/\">\r\n                            Market roundup on 13 March                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/market-roundup-on-13-march\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/market-roundup-on-13-march\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/market-roundup-on-13-march\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Market roundup on 13 March&url=https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/market-roundup-on-13-march\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/market-roundup-on-13-march\/&title=Market roundup on 13 March\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Market+roundup+on+13+March+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2022%2F03%2F13%2Fmarket-roundup-on-13-march%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/market-roundup-on-13-march\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545215\" class=\"content-area-description single-story post-545215 post type-post status-publish format-standard hentry category-go-with-the-flow tag-egx tag-enterprisepm tag-go-with-the-flow wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The EGX30 rose 0.3% at today\u2019s close<\/strong> on turnover of EGP 601 mn (35.4% below the 90-day average). Local investors were net buyers. The index is down 12.3% YTD.<\/p>\n<p><strong>In the green: <\/strong>Abu Qir Fertilizers (+3.5%), CIB (+2.4%) and Mopco (+2.1%).<\/p>\n<p><strong>In the red: <\/strong>Qalaa Holdings (-4.1%), Heliopolis Housing (-3.8%) and MM Group (-2.7%).<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/egx\/\">EGX<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/go-with-the-flow\/\">Go with the Flow<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545216\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"545216\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">VACCINES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/africa-is-still-lagging-behind-when-it-comes-to-vaccinations-but-efforts-are-being-made-to-make-sure-this-doesnt-happen-again\/\">\r\n                            Africa is still lagging behind when it comes to vaccinations, but efforts are being made to make sure this doesn\u2019t happen again                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/africa-is-still-lagging-behind-when-it-comes-to-vaccinations-but-efforts-are-being-made-to-make-sure-this-doesnt-happen-again\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/africa-is-still-lagging-behind-when-it-comes-to-vaccinations-but-efforts-are-being-made-to-make-sure-this-doesnt-happen-again\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/479.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"545217\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/africa-is-still-lagging-behind-when-it-comes-to-vaccinations-but-efforts-are-being-made-to-make-sure-this-doesnt-happen-again\/479-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/479.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"479.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/479.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/479.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545216\" class=\"content-area-description single-story post-545216 post type-post status-publish format-standard has-post-thumbnail hentry category-vaccines tag-covax tag-covid-19 tag-enterprisepm tag-gavi tag-vaccines tag-world-health-organization wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>As Egypt somewhat <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60369999-0536-445f-86c7-6ca68e624aed\">moves on<\/a><\/strong><strong> from covid \u2014 largely on account of our progress on<\/strong><strong> vaccination \u2014 the rest of the continent isn\u2019t keeping up.<\/strong> Africa is severely lagging behind when it comes to covid-19 vaccinations, falling short of targets set by the World Health Organization (WHO) when it comes to inoculating the continent\u2019s populations. The WHO had anticipated that 10% of people in Africa would be fully vaccinated by last September, rising to 40% by the end of 2021 and 70% by mid-2022, writes the <a href=\"https:\/\/www.ft.com\/content\/43cbe4b1-ac0c-43f0-9d74-ea5db93a1201\">Financial Times<\/a>.<\/p>\n<p><strong>As it currently stands, only 13% of Africa\u2019s residents have been vaccinated<\/strong>, with around 20 of the continent\u2019s 54 countries not even managing to reach the 10% September target. Meanwhile, the continent\u2019s average vaccination rate needs to increase sixfold if we are to meet the 70% target set for the middle of this year, according to <a href=\"https:\/\/www.afro.who.int\/news\/africa-needs-ramp-covid-19-vaccination-six-fold\">WHO<\/a>. Currently, 6 mn people are vaccinated on average every week in Africa, meaning the figure needs to increase to 36 mn people.<\/p>\n<p><strong>Egypt is ahead of Africa\u2019s average, but also didn\u2019t meet the 2021 targets: <\/strong>Around 29% of Egypt\u2019s population is fully vaccinated, while 11% are partially vaccinated, according to <a href=\"https:\/\/ourworldindata.org\/covid-vaccinations?country=OWID_WRL\">Our World in Data<\/a>.<\/p>\n<p><strong>Why are we lagging behind so much? The answer is simple: Access to vaccines: <\/strong>As of last month, over 587 mn vaccine doses were sent to Africa since the onset of the pandemic. The majority of these (58%) were delivered through the Gavi \/ Covax program, while 36% came from bilateral agreements and 6% through the African Union\u2019s Africa Vaccines Acquisition Trust. However, the total number of doses delivered throughout the continent are not sufficient to cover its population of around 1.4 bn.<\/p>\n<p><strong>And the continent\u2019s logistics don\u2019t help: <\/strong>Another hurdle slowing down the availability of vaccines is Africa\u2019s poor trade and logistics quality, reports <a href=\"https:\/\/theconversation.com\/covid-vaccines-african-countries-need-to-fix-their-distribution-chains-176378\">The Conversation<\/a>. The World Bank\u2019s Logistics Performance Index puts Africa at <a href=\"https:\/\/lpi.worldbank.org\/international\/scorecard\/radar\/254\/C\/DEU\/2018\/R\/SSA\/2018\/R\/ECA\/2018\/R\/LAC\/2018\/R\/MNA\/2018\/R\/SAS\/2018\/R\/SSA\/2018\">2.45 on average<\/a>. From disruptions in distribution channels to delays at customs, the country\u2019s logistics are another factor that could lessen vaccine availability as doses often have a short shelf life or require special conditions such as cold-chain refrigeration.<\/p>\n<p><strong>African nations spent a long period dependent on the West to send vaccines: <\/strong>The West for a long time had a monopoly on vaccine production and prioritized rich countries to receive the jabs while Africa was left last in line. Rich countries received 16x more vaccines per person than poorer nations that rely on the Covax initiative, an analysis from last year <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fd9bd225-7176-47b6-8078-7bbcd78e462f\">found<\/a>. Western countries have also often thrown away more vaccines than they donated to Africa, with the <a href=\"https:\/\/www.oxfam.org\/en\/press-releases\/eu-set-bin-25-million-more-vaccine-doses-it-has-donated-africa-year\">EU binning 55 mn vaccine doses<\/a> last month compared to the 30 mn doses they sent our way in 2022. Foreign vaccine makers, such as <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fd9bd225-7176-47b6-8078-7bbcd78e462f\">Moderna<\/a>, were also opposed to sharing vaccine intellectual property rights and training other countries to manufacture their vaccines.<\/p>\n<p><strong>Which has led Africa to take matters into their own hands: <\/strong>Local vaccine manufacturing has taken off since 2020 as countries realized the importance of having the technology in-house. At the onset of the pandemic, only Egypt, South Africa, Senegal, and Tunisia had vaccine manufacturing operations in Africa. Fast forward two years later and now 15 countries on the continent are rolling out projects to start producing jabs, Nicaise Ndembi, the chief science adviser at the Africa Centres for Disease Control and Prevention (ACDCP), told the FT. Egypt <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/706534cc-562b-43a1-bff0-1d78707080fa\">has been manufacturing<\/a> China\u2019s Sinovac jab at home and has begun to send them to neighboring countries in efforts to become a vaccine export hub.<\/p>\n<p><strong>WHO is also helping accelerate the move<\/strong>, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fa890612-4bd3-45c1-94a7-cd0823ab9625\">setting up a program<\/a> that will see six African countries receive the technology needed to produce mRNA vaccines. Egypt, Kenya, Nigeria, Senegal, South Africa and Tunisia will be the first African countries to join the WHO\u2019s mRNA vaccine hub initiative which aims to \u201csupport manufacturers in low- and middle-income countries to produce their own vaccines.\u201d This won\u2019t materialize anytime soon, with WHO estimating that the first vaccines could roll off the production lines in 2024.<\/p>\n<p><strong>And some organizations have even bigger ambitions\u2026 <\/strong>ACDCP is aiming for 60% of all vaccines administered in the continent to be manufactured in Africa by 2040 \u2014 up from a mere 1% now.<\/p>\n<p><strong>We need to find a way to make all of this commercially viable: <\/strong>Even harder than setting up vaccine production facilities is being able to sustain their operations, Ndembi believes. \u201cYou need a system that allows for the production of routine vaccines and is therefore commercially viable,\u201d he adds. The investment in people, skills, infrastructure, technology, and equipment needs to have more purpose than hedging against future pandemics. Therefore, ACDCP is hoping African nations will expand their production to encompass a wide array of vaccines for more than 20 diseases \u2014 including routine jabs for human papillomavirus and measles, and even HIV or malaria shots if they make it through clinical trials.<\/p>\n<p><strong>And control the value chain: <\/strong>While foreign pharma companies setting up manufacturing plants here would be helpful, it can also not work in Africa\u2019s favor at times. Last summer, Johnson & Johnson came under fire for shipping mns of doses manufactured in South Africa to Europe instead of distributing them across the continent. African ownership of vaccine manufacturing is essential, believes Charles Gore, the executive director of the Medicines Patent Pool. \u201cIf the control remains in Europe, the fact that the manufacturing is in Africa is irrelevant,\u201d he added.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covax\/\">Covax<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gavi\/\">GAVI<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/vaccines\/\">vaccines<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/world-health-organization\/\">World Health Organization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"545218\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2022\/03\/13\/545218\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-545218\" class=\"content-area-description single-story post-545218 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p>1Q2022: <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9cd1fc44-1593-4317-8658-0aa792215521\">Launch of the Egyptian Commodities Exchange<\/a>.<\/p>\n<p>1Q2022: Swvl acquisition of Viapool expected to close.<\/p>\n<p>1Q2022: Waste collection startup Bekia plans to expand to the UAE and Saudi Arabia.<\/p>\n<p>1Q2022: Rameda Pharma will begin selling its generic version of Merck\u2019s oral antiviral covid-19 med.<\/p>\n<p>1Q2022: Pharos Energy\u2019s sale of a 55% stake in El Fayum, Beni Suef concessions to IPR Energy Group subsidiary IPR Lake Qarun expected to close.<\/p>\n<p>Early 2022: Results <a href=\"https:\/\/www.elwatannews.com\/news\/details\/5876314\">to be announced<\/a> for the second round of the state\u2019s gold and precious metals auction.<\/p>\n<p>1H2022: Target date for IDH to close its acquisition of 50% of Islamabad Diagnostic Center.<\/p>\n<p>1H2022: e-Finance\u2019s digital healthcare service platform, eHealth, will launch its services.<\/p>\n<p>1H2022: The government will respond to private companies\u2019 bids to build desalination plants.<\/p>\n<p>1H2022: Egypt\u2019s second corporate green bond issuance expected to be announced.<\/p>\n<p>1H2022: The Transport Ministry <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/334230905414003\">to sign<\/a> a memorandum of understanding with <a href=\"https:\/\/www.adports.ae\/\">Abu Dhabi Ports<\/a> to set up a transport route across the Nile to transport products from Al Canal\u2019s Minya<a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/23\/uaes-al-ghurair-to-invest-usd-1-bn-in-sugar-agriculture-project\/\">sugar factory<\/a>.<\/p>\n<p>March: <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/304519788385115\">Rollout<\/a> of the government financial management information system (GFMIS), a suite of electronic tools to automate the government\u2019s financial management processes (<a href=\"https:\/\/ent.news\/2021\/7\/tnm1007.pdf\">pdf<\/a>) that will replace the existing \u201cclosed\u201d financial management system.<\/p>\n<p>March: Contracts for last two phases of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e2356273-f17c-4a5b-a987-663aab9a2e29\">Egypt\u2019s USD 4.5 bn high-speed rail line<\/a> to be signed.<\/p>\n<p>March: 4Q2021 earnings season.<\/p>\n<p>March: Deadline for the World Health Organization\u2019s <a href=\"https:\/\/www.who.int\/news\/item\/01-12-2021-world-health-assembly-agrees-to-launch-process-to-develop-historic-global-accord-on-pandemic-prevention-preparedness-and-response\">intergovernmental negotiating body<\/a> to meet to discuss binding treaty on future pandemic cooperation.<\/p>\n<p>March: World Cup playoffs.<\/p>\n<p>March: The government hopes to sign a final contract between El Nasr Automotive and a new partner for the local production of electric cars.<\/p>\n<p>March: Target date for Saudi tech firm Brmaja to IPO on the EGX.<\/p>\n<p>March: Egypt to <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/318887153615045\">host World<\/a><a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/318887153615045\">Tourism Organization Middle East committee meeting<\/a>.<\/p>\n<p>March: The Salam &ndash; new administrative capital &ndash; 10th of Ramadan Light Rail Train (LRT) line <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/327078179462609\">will start operating<\/a>.<\/p>\n<p>March: The new multi-purpose station at <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b705927d-ff68-4720-8bae-3b3dfde3705d\">Dekheila Port and the revamped Ain Sokhna Port<\/a> will start operating.<\/p>\n<p>March: General Authority for Land and Dry Ports <a href=\"https:\/\/bit.ly\/3IbQQKI\">to issue the condition booklets<\/a> for the operations of the Tenth of Ramadan dry port.<\/p>\n<p>9-18 March (Wednesday-Friday): The annual <a href=\"https:\/\/www.facebook.com\/mift.media\/posts\/291436426360972\">Cairo International Fair<\/a>.<\/p>\n<p>Mid-March: Bidding for the construction of Anchorage Investments\u2019 petrochemical complex in the Suez Canal Economic Zone starts.<\/p>\n<p>15 March: <a href=\"https:\/\/www.exportsmart.net\/\">Export Smart<\/a> conference, Royal Maxim Palace Kempinski, Cairo.<\/p>\n<p>15-16 March (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>20 March (Sunday): Applications close for Visa\u2019s global startup competition, the <a href=\"https:\/\/usa.visa.com\/visa-everywhere\/everywhere-initiative\/initiative.html\">Visa Everywhere Initiative<\/a>.<\/p>\n<p>22 March (Tuesday): Egyptian German Green Energy Forum, 5:30-9:30pm CLT, InterContinental Cairo Semiramis.<\/p>\n<p>24 March (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>24 March (Thursday): GB Auto Extraordinary General Assembly (<a href=\"https:\/\/ent.news\/2022\/3\/GBAuto-06-03-2022.pdf\">pdf<\/a>).<\/p>\n<p>24 March-1 April: Ahlan Ramadan Supermarket Expo, Cairo International Convention Center.<\/p>\n<p>25 March (Friday): Egypt will host Senegal in the first leg of their 2022 FIFA World Cup qualifiers&#39; playoff (TBC).<\/p>\n<p>26 March (Saturday): Egypt-EU World Trade Organization dispute settlement consultations end.<\/p>\n<p>28-29 March (Monday-Tuesday): The Egypt International Mining Show (<a href=\"https:\/\/egypt-mining.com\/\">EIMS 2022<\/a>) will take place virtually.<\/p>\n<p>28 March (Monday): The second leg of the 2022 FIFA World Cup qualifiers&#39; playoff between Egypt and Senegal (TBC).<\/p>\n<p>28 March (Monday): The court hearing for a case brought by Arabia Investments Holding (AIH) against Peugeot <a href=\"https:\/\/ent.news\/2022\/3\/AIH-lawsuit-Peugeot.pdf\">has been postponed<\/a> until 28 March.<\/p>\n<p>31 March (Thursday): Deadline for submitting tax returns for individual taxpayers.<\/p>\n<p>31 March (Thursday): Vodacom purchase of Vodafone Group\u2019s stake in Vodafone Egypt expected to be completed by this date.<\/p>\n<p>31 March (Thursday): Supply Ministry expected to take final decision on bread subsidies by this date.<\/p>\n<p>April: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>April: Ghazl El Mahalla shares will begin trading on the EGX.<\/p>\n<p>2 April (Saturday): First day of Ramadan (TBC).<\/p>\n<p>3 April (Sunday): Bidding begins on the Industrial Development Authority\u2019s license to manufacture tobacco products.<\/p>\n<p>4 April (Monday): CDC Group will formally change its name to British International Investment.<\/p>\n<p>14 April (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>Mid-April: Trading on the <a href=\"https:\/\/alborsaanews.com\/2022\/02\/13\/1508190\">Egyptian Commodity Exchange to start<\/a>.<\/p>\n<p>22-24 April (Friday-Sunday): <a href=\"http:\/\/sdg.iisd.org\/events\/2022-spring-meetings-of-the-world-bank-group-and-the-international-monetary-fund\/\">World Bank-IMF spring meeting<\/a>, Washington D.C.<\/p>\n<p>24 April (Sunday): Coptic Easter Sunday (holiday for Coptic Christians).<\/p>\n<p>25 April (Monday): Sham El Nessim.<\/p>\n<p>25 April (Monday): Sinai Liberation Day.<\/p>\n<p>28 April (Thursday): National Holiday in observance of Sham El Nessim.<\/p>\n<p>30 April (Saturday): Deadline for submitting corporate tax returns for companies whose financial year ends 31 December.<\/p>\n<p>Late April - 15 May: 1Q2022 earnings season<\/p>\n<p>May: Investment in Logistics Conference, Cairo, Egypt.<\/p>\n<p>1 May (Sunday): Labor Day.<\/p>\n<p>3-4 May (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>4 May (Wednesday): 3 February (Thursday): Deadline to send in applications for Cultural Property Agreement Implementation projects to the <a href=\"https:\/\/eg.usembassy.gov\/wp-content\/uploads\/sites\/156\/CPAIG-2022-Announcment-RDL-edits.pdf\">US Embassy in Cairo<\/a>.<\/p>\n<p>5 May (Thursday): National Holiday in observance of Labor Day.<\/p>\n<p>2 May (Monday): Eid El Fitr (TBC).<\/p>\n<p>19 May (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>5-7 June (Sunday-Tuesday): <a href=\"https:\/\/www.africahealthexcon.com\/\">Africa Health ExCon<\/a>, Al Manara International Conference Center, Egypt International Exhibitions Center, and the St. Regis Almasa Hotel, New Administrative Capital.<\/p>\n<p>9 June (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>14-15 June (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15-18 June (Wednesday-Saturday): <a href=\"https:\/\/forumspb.com\/en\/\">St. Petersburg International Economic Forum<\/a> (SPIEF), St. Petersburg.<\/p>\n<p>16 June (Thursday): End of 2021-2022 academic year for public schools.<\/p>\n<p>23 June (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>27 June-3 July (Monday-Sunday): World University Squash Championships, New Giza.<\/p>\n<p>30 June (Thursday): June 30 Revolution Day, national holiday.<\/p>\n<p>End of 2Q2022: The Financial Regulatory Authority\u2019s new Ins. Act should be approved.<\/p>\n<p>End of 1H2022: Emirati industrial company M Glory Holding and the Military Production Ministry will begin the mass production of dual fuel pickup trucks that can run on natural gas.<\/p>\n<p>2H2022: The inauguration of the Grand Egyptian Museum.<\/p>\n<p>2H2022: <a href=\"https:\/\/www.ief.org\/news\/egypt-to-host-8th-ief-igu-ministerial-gas-forum-in-2022\">IEF-IGU Ministerial Gas Forum<\/a>, Egypt. Date + location TBA.<\/p>\n<p>2H2022: The government will have vaccinated 70% of the population.<\/p>\n<p>3Q2022: Ayady\u2019s consumer financing arm, The Egyptian Company for Consumer Finance Services, to release first financing product.<\/p>\n<p>July: A law governing ins. for seasonal contractors will come into effect.<\/p>\n<p>July: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>1 July (Friday): FY 2022-2023 begins.<\/p>\n<p>8 July (Friday): Arafat Day.<\/p>\n<p>9-13 July (Saturday-Wednesday): Eid Al Adha, national holiday.<\/p>\n<p>21 July (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>26-27 July (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>30 July (Saturday): Islamic New Year.<\/p>\n<p>Late July - 14 August: 2Q2022 earnings season.<\/p>\n<p>August: Work to extend the capacity of the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3a67dcca-de16-4313-b330-60fc1a21e6db\">Egypt-Sudan electricity interconnection<\/a> to 300 MW to be completed.<\/p>\n<p>18 August (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>September: Egypt will display its first naval exhibition with the title <a href=\"https:\/\/bit.ly\/3lshDZX\">Naval Power<\/a>.<\/p>\n<p>September: Central Bank of Egypt\u2019s Innovation and Financial Technology Center to launch incubator for 25 fintech startups.<\/p>\n<p>8 September (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>20-21 September (Tuesday-Wednesday): Federal Reserve Finterest rate meeting.<\/p>\n<p>22 September (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>October: World Bank and IMF annual meetings in Washington, DC<\/p>\n<p>October: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p>6 October (Thursday): Armed Forces Day, national holiday.<\/p>\n<p>8 October (Saturday): Prophet Muhammad\u2019s birthday, national holiday.<\/p>\n<p>18-20 October(Tuesday-Thursday): Mediterranean Offshore Conference, Alexandria, Egypt.<\/p>\n<p>27 October (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>Late October - 14 November: 3Q2022 earnings season.<\/p>\n<p>November: Cairo Water Week 2022.<\/p>\n<p>1-2 November (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>3 November (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>7-18 November (Monday-Friday): Egypt will host <a href=\"https:\/\/sdg.iisd.org\/events\/2021-un-climate-change-conference-unfccc-cop-27\/\">COP27<\/a> in Sharm El Sheikh.<\/p>\n<p>21 November-18 December (Monday-Sunday): 2022 Fifa World Cup, Qatar.<\/p>\n<p>13-14 December (Tuesday-Wednesday): Federal Reserve interest rate meeting.<\/p>\n<p>15 December (Thursday): European Central Bank monetary policy meeting.<\/p>\n<p>22 December (Thursday): Central Bank of Egypt\u2019s Monetary Policy Committee meeting.<\/p>\n<p>End of 2022: e-Aswaaq\u2019s tourism platform will complete the roll out of its ticketing and online booking portal across Egypt.<\/p>\n<p>January 2023: EGX-listed companies and non-bank lenders will submit ESG reports for the first time.<\/p>\n<p>January: Fuel pricing committee meets to decide quarterly fuel prices.<\/p>\n<p><strong>**Note to readers:<\/strong> Some national holidays may appear twice above. Since 2020, Egypt has observed most mid-week holidays on Thursdays regardless of the day on which they fall and may also move those days to Sundays. We distinguish above between the actual holiday and its observance.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":545208,"template":"","categories":[],"tags":[],"class_list":["post-545207","afternoon","type-afternoon","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"0ee2a84c-cf67-4955-adc7-c967361df16c","teaser":"","photo_url":"https:\/\/ent.news\/2022\/3\/476.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>A calmer start to the week - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-calmer-start-to-the-week\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A calmer start to the week\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-calmer-start-to-the-week\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T20:58:24+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/3\/476.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-calmer-start-to-the-week\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/afternoon\/a-calmer-start-to-the-week\/\",\"name\":\"A calmer start to the week - 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