{"id":560997,"date":"2021-03-22T03:57:14","date_gmt":"2021-03-22T03:57:14","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?post_type=issue&#038;p=560997"},"modified":"2025-12-16T03:07:51","modified_gmt":"2025-12-16T03:07:51","slug":"how-actis-is-doubling-down-on-investment-in-physical-infrastructure","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/egypt\/issues\/how-actis-is-doubling-down-on-investment-in-physical-infrastructure\/","title":{"rendered":"How Actis is doubling down on investment in physical infrastructure."},"content":{"rendered":"<section id=\"560999\" 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=\"560999\">\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're Tracking Today<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/what-were-tracking-on-22-march-2021\/\">\r\n                            What we\u2019re tracking on 22 March 2021                        <\/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\/2021\/03\/22\/what-were-tracking-on-22-march-2021\/\" 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\/2021\/03\/22\/what-were-tracking-on-22-march-2021\/')\">\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\/2021\/03\/22\/what-were-tracking-on-22-march-2021\/\">\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=What we\u2019re tracking on 22 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/what-were-tracking-on-22-march-2021\/\">\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\/2021\/03\/22\/what-were-tracking-on-22-march-2021\/&title=What we\u2019re tracking on 22 March 2021\">\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=What+we%E2%80%99re+tracking+on+22+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fwhat-were-tracking-on-22-march-2021%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\/2021\/03\/22\/what-were-tracking-on-22-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-560999\" class=\"content-area-description single-story post-560999 post type-post status-publish format-standard hentry category-what-were-tracking-today tag-abdel-fattah-el-sisi tag-enterpriseam tag-fgm tag-house-of-representatives tag-legislation-watch tag-nawal-el-saadawi tag-senate tag-state-budget tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_27645\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\">\n<p class=\"f-graphik\" style=\"font-size:14px\">Together with<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27482.svg\" alt=\"\" class=\"wp-image-27482\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><strong>Good morning, everyone, and welcome to a busy Monday <\/strong>as newsflow gathers steam. We have the inside track on <strong>Actis\u2019 pipeline of potential Egyptian investments<\/strong> this year and beyond and take a <strong>deep dive into trends in the country\u2019s edtech sector<\/strong> \u2014 plus the latest on the (near) end to Eastern Company\u2019s monopoly on cigarette manufacturing and more.<\/p><p><strong>PSA- It\u2019s going to be another windy, dusty morning<\/strong> in the capital city, with a 20% chance of intermittent showers, according to the <a href=\"https:\/\/bit.ly\/2QtnVvN\">national weather service<\/a>.<\/p><p><strong>THE BIG STORY INTERNATIONALLY- Turkey\u2019s TRY tumbled 15% to 8.10 to the greenback<\/strong> following President Recep Tayyip Erdogan's <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8aec33ff-7ac6-4c37-ac87-0e08f836cad9\">decision to fire<\/a> the country's third central bank governor since mid-2019, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-21\/turkey-bulls-are-wrong-footed-after-central-bank-hawk-s-ouster?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports. The move to install a hawkish governor is \u201ca blow to investor confidence and raises concern the country will once again embark on a path of rock-bottom rates,\u201d which would be poison for the Turkish carry trade.<\/p><p><strong>The good news for Egypt:<\/strong> The TRY could be dethroned from its status as the \u201cbest\u201d carry trade this year, clearing a path for the EGP to take the title as the CBE keeps rates on hold and Egypt\u2019s real interest rate remains among the highest in the world.<\/p><p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>** CATCH UP Q<\/strong><strong>UICK<\/strong> on the top stories from yesterday\u2019s edition of EnterprisePM:<\/p><ul>\n<li><strong>Egypt, Saudi Arabia and the UAE led a boom in e-commerce in MENA<\/strong> last year, as the covid-19 pandemic caused the value of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7d79f49a-c160-4a6b-a14b-51f6c172bd55\">the sector to surge 52%.<\/a><\/li>\n<li><strong>Eastern Company <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc6218c5-a369-4987-b5ec-3e9aa59744bb\">has confirmed<\/a><\/strong><strong> its decades-long monopoly over the tobacco sector may be (partially) coming to an end<\/strong> after it emerged over the weekend that the government <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/37788807-9726-457b-9df0-f4fca702d0f2\">has issued a tender<\/a> for a new manufacturing license.<\/li>\n<li><strong>The next IMF World Economic Outlook appears set to deliver mixed news: <\/strong>an <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3be1e135-e4fc-46a8-95e3-c6e0f3668e82\">upward revision<\/a> of its global growth forecast to 5.5%, but a warning that emerging markets may now lag even further behind advanced economies.<\/li>\n<\/ul><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/1600-Nawal-El-Saadawi-2.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>Prolific writer Nawal El Saadaw<\/strong><strong>i <\/strong><strong><a href=\"https:\/\/bit.ly\/3tM6Ewd\">passed away yesterday<\/a><\/strong> at the age of 90, leaving behind a legacy of more than 50 works of fiction and nonfiction that champion women\u2019s rights. Often referred to as the Simone de Beauvoir of the Arab world (a comparison she wasn\u2019t particularly fond of), El Saadawi was a pioneer of feminist writing in the region. You can read more about her remarkable life in our Your Wealth issue on modern Egyptian icons <a href=\"https:\/\/enterprise.press\/archive-wealth\/egyptian-icons-past-century\/#the-power-of-the-pen\">here<\/a>. El Saadawi\u2019s passing leads coverage of Egypt in the foreign press this morning, with everyone from <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-21\/acclaimed-egyptian-feminist-nawal-saadawi-dies-at-age-89?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> and the <a href=\"https:\/\/www.nytimes.com\/2021\/03\/21\/obituaries\/nawal-el-saadawi-dead.html?searchResultPosition=2\">New York Times<\/a> to <a href=\"https:\/\/www.bbc.com\/news\/world-middle-east-55048245\">BBC<\/a> and <a href=\"https:\/\/edition.cnn.com\/2021\/03\/21\/africa\/nawal-el-saadawi-death-intl\/index.html\">CNN<\/a> taking note of her remarkable life.<\/p><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<\/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    <\/p><\/div>\n<\/div>\n<\/div><p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p><p><strong>Prime Minister Moustafa Madbouly will be in Amman tomorrow<\/strong> to attend a meeting of the Joint Jordanian-Egyptian Higher Committee, according to Jordan\u2019s <a href=\"https:\/\/press.us9.list-manage.com\/track\/click?u=3f7bc576715ca1a70edef2788&amp;id=cd1a1e915f&amp;e=17bb9015a7\">Petra<\/a> news agency.<\/p><p><strong>The Real Gate real estate exhibition will kick off on Thursday<\/strong> and run until Saturday at the Egyptian International Exhibition Center.<\/p><p><strong>The International Exhibition of Materials and Technologies for Finishing and <\/strong><strong>Construction (<\/strong><strong>Turnkey Expo<\/strong><strong>)<\/strong> is taking place from 17-20 June at the Cairo International Conference Center. The second edition of the expo will feature 48 exhibitors and 172 brands from across the region.<\/p><p><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><p class=\"web-image\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2019\/11\/CIRA-Blackboard-Banner-B.jpg?ssl=1\" alt=\"enterprise\"><\/p><p><strong>*** It\u2019s Blackboard day:<\/strong> We have our weekly look at the business of education in Egypt, from pre-K through the highest reaches of higher ed. Blackboard appears every Monday in Enterprise in the place of our traditional industry news roundups.<\/p><p><strong>In today\u2019s issue:<\/strong> How has Egypt\u2019s edtech scene fared during a year of covid? We speak to some of the key players in the industry to find out.<\/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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/fgm\/\">FGM<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/nawal-el-saadawi\/\">Nawal El Saadawi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/senate\/\">Senate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/state-budget\/\">state budget<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/what-were-tracking-today\/\">What We&#039;re Tracking Today<\/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=\"561000\" 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                            \"\r\n            id=\"561000\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/561000\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561000\" class=\"content-area-description single-story post-561000 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/somabay.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/Somabay_Mothers-Day_1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\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<section id=\"561001\" 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=\"561001\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Investment Watch<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/how-actis-is-doubling-down-on-investment-in-physical-infrastructure\/\">\r\n                            How Actis is doubling down on investment in physical infrastructure                        <\/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\/2021\/03\/22\/how-actis-is-doubling-down-on-investment-in-physical-infrastructure\/\" 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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The global emerging markets champion has invested over USD 1 bn in Egypt and today stakes and board representation in high-profile businesses including leading payments firm Fawry and hospitals group Cleopatra.<\/p>\n<p><strong>Edited excerpts from our conversation:<\/strong><\/p>\n<p><strong>Our Egyptian portfolio has been the best in the region.<\/strong> We\u2019ve had some liquidity and operational challenges within the region [thanks to covid], but when it comes to Egypt our assets have by and large been very resilient \u2014 we\u2019ve got very high-quality assets here. Healthcare has obviously been doing particularly well, in all elements \u2014 including diagnostics, hospital services, and payments. We\u2019re the largest shareholder in Cleopatra Hospitals, which has just signed a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/20ec0d23-f7d7-48c4-9a95-72518937ed37\">mega-acquisition of 100%<\/a> of Alameda Healthcare. As I\u2019m sure you recognize, this was with our full support and involvement.<\/p>\n<p><strong>Our portfolio of high-quality Egyptian assets also includes our investments in renewables.<\/strong> We\u2019ve made a huge investment in our wind power station in West Bakr (Actis backs Lekela Power, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/323f6825-1739-4d2e-b6f6-edea60694a8a\">which has invested<\/a> some USD 350 mn in its 250 MW West Bakr wind farm). These types of both physical and social infrastructure have been areas that we\u2019ve historically been very big in and we\u2019re 100% committed to continuing our support for them.<\/p>\n<p><strong>And then some, as we are going to be doubling down on these physical assets. <\/strong>Today, across our markets, we see a huge and growing opportunity in all areas related to infrastructure. This includes: Electricity generation, distribution, and transmission; water treatment and desalination; digital infrastructure like fiber and data centers; and real estate.<\/p>\n<p><strong>And of course, that also means education, where we\u2019re also working on an interesting new acquisition in Egypt.<\/strong> Actis is the controlling shareholder of the largest private higher education business in Africa: Honoris United Universities. Honoris is prioritizing an Egyptian entry in the coming period, and is working on closing an acquisition during 2021.<\/p>\n<p><strong>Beyond education, we\u2019re looking to expand in a host of other sectors:<\/strong> We\u2019re also looking to expand our portfolio of renewable assets in Egypt and the region \u2014 both greenfield and acquisitions of existing opportunities. It\u2019s hard to pin down a number for how much we\u2019re planning to deploy in 2021, considering everything that\u2019s going on with covid. But we\u2019re getting ready to participate very strongly in upcoming water treatment and desalination projects. We\u2019re exploring investment prospects in digital infrastructure \u2014 everything from data centers to fiber to the home. And we\u2019re working on developing opportunities in the real estate sector, or even in hospitality \u2014 hotels and business travel.<\/p>\n<p><strong>Actis is committed to being an ESG investor \u2014 not just in Egypt, but globally. <\/strong>Our entire portfolio is absolutely at the top echelons of ESG commitments. Every single investment we make is held to a very high level of accountability in terms of ESG standards, across all the different sectors.<\/p>\n<p><strong>What does that mean for our fossil fuel investments?<\/strong> We\u2019re trying hard to be an agent of change away from thermal energy and fossil fuels in general.<\/p>\n<p><strong>Having said that, we\u2019re still interested in getting in on the <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1725a3aa-7d56-47d9-a14c-26b0b967aeb8\">privatization of the Siemens power plants<\/a><\/strong><strong>.<\/strong> We remain very interested in that. We\u2019re still in talks with the Sovereign Fund of Egypt about it, and we\u2019re ready to move forward when the government\u2019s ready. But still our focus is very much on investing in clean energy. By this, we mean both onshore and offshore wind, as well as solar energy. <strong>Then in due course, we\u2019ll even be looking at hydrogen.<\/strong><\/p>\n<p><strong>Our push on infrastructure and our agreement with Apis does not mean we\u2019re divesting from financial services. <\/strong>For Actis, it\u2019s really business as usual. We\u2019re the owner and manager of all our assets, and we retain all legal responsibility for them. These remain our operations and funds, under our administration. So in that sense, nothing is changing. What we have with Apis is a partnership where we can work together on our financial services portfolio. It\u2019s essentially a co-advisory arrangement, where we benefit from their FS sector expertise in an advisory capacity. And this is great because Hossam wants to focus on financial services, and Apis is a financial services fund. So I think there\u2019s a meeting of minds there.<\/p>\n<p><strong>[Editor\u2019s Note: <\/strong>London-based financial services PE outfit Apis <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1348d9bd-7296-4467-9abd-72d84d498fd2\">announced last month<\/a> that it will play a co-advisory role in managing certain investments, including Fawry, in Actis\u2019 financial services portfolio. Hossam Abou Moussa, and Actis partner of 15 years moved over to Apis, where he will, among other things, help Actis manage those assets under a co-advisory arrangement.]<\/p>\n<p><strong>There\u2019s nothing new happening in terms of our strategy. <\/strong>We\u2019re continuing to invest very heavily in our existing portfolios and platforms. We just want to focus increasingly on deployment into the areas I noted above.<\/p>\n\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\/actis\/\">Actis<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/investment-watch\/\">investment watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/private-equity\/\">private equity<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sherif-el-kholy\/\">Sherif El Kholy<\/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=\"561003\" 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=\"561003\">\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\">COMPETITION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/easterns-new-tender-will-be-based-on-point-count-bidding\/\">\r\n                            Eastern\u2019s new tender will be based on point-count bidding                        <\/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\/2021\/03\/22\/easterns-new-tender-will-be-based-on-point-count-bidding\/\" 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\/2021\/03\/22\/easterns-new-tender-will-be-based-on-point-count-bidding\/')\">\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\/2021\/03\/22\/easterns-new-tender-will-be-based-on-point-count-bidding\/\">\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=Eastern\u2019s new tender will be based on point-count bidding&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/easterns-new-tender-will-be-based-on-point-count-bidding\/\">\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\/2021\/03\/22\/easterns-new-tender-will-be-based-on-point-count-bidding\/&title=Eastern\u2019s new tender will be based on point-count bidding\">\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=Eastern%E2%80%99s+new+tender+will+be+based+on+point-count+bidding+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Feasterns-new-tender-will-be-based-on-point-count-bidding%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\/2021\/03\/22\/easterns-new-tender-will-be-based-on-point-count-bidding\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561003\" class=\"content-area-description single-story post-561003 post type-post status-publish format-standard hentry category-competition-watch tag-competition-watch tag-eastern-company tag-enterpriseam tag-industrial-development-authority tag-tobacco 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-02\"><\/a> <strong>The bidding process for a license to establish Egypt\u2019s second major tobacco <\/strong><strong>company will be assessed on a points system<\/strong>, according to the conditions booklet the Industrial Development Authority (IDA) has released for the auction, <a href=\"https:\/\/alborsaanews.com\/2021\/03\/21\/1427618\">the local press<\/a> reports. Bidders looking for a piece of Eastern Company\u2019s monopoly on the sector should earn at least 70% of the system\u2019s total 13k points to qualify for the tender.<\/p>\n<p><strong>What does the license allow you to do? <\/strong>Go head to head with Eastern \u2014 provided you don\u2019t mind having the state-owned giant on board as a 24% partner in your venture.<\/p>\n<p><strong>Who\u2019s interested so far? An unnamed Emirati is likely to throw its hat in the ring<\/strong>, according to a report in Al Mal\u2019s print edition, which notes the bidder has a particular interest in non-traditional nicotine products including e-cigarettes. Major tobacco distributors and brand owners <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/37788807-9726-457b-9df0-f4fca702d0f2\">have expressed reservations<\/a> about the conditions of the license sale, including a complaint that giving the new company an effective monopoly on e-cigarettes and heated tobacco would be anti-competitive.<\/p>\n<p><strong>The value of the license may reach USD 350 mn<\/strong>, Eastern\u2019s CEO Hany Aman told El Hekaya\u2019s Amr Adib last night (<a href=\"https:\/\/www.youtube.com\/watch?v=ycCRyDZasKI\">watch, runtime: 7:20<\/a>).<\/p>\n<p><strong>There are, naturally, conditions: <\/strong>The IDA\u2019s conditions would <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/fc6218c5-a369-4987-b5ec-3e9aa59744bb\">protect Eastern\u2019s market share<\/a> by preventing the new company from producing cigarettes at the same price point as the monopoly\u2019s mass-market Cleopatra brand, which accounts for 98% of Eastern\u2019s revenues, the state-owned cigarette manufacturer confirmed yesterday. <strong>Other conditions:<\/strong><\/p>\n<ul>\n<li>Minimum production of 15 bn cigarettes a year and a maximum of 50 bn (Egypt currently produces 80 bn smokes per year);<\/li>\n<li>No restrictions on exports;<\/li>\n<li>Allowed to purchase or rent some of Eastern\u2019s unused assets<\/li>\n<li>Must pay 25% of the value of the license within a month of being selected, with the rest in three quarterly chunks;<\/li>\n<\/ul>\n<p><strong>Bidders will accumulate points in two categories:<\/strong> Industry track record (7.5k points with a relative weight of 60%) and the pillars of the manufacturing proposal (5.5k points with a 40% relative weight). Track record covers everything from experience specific to the tobacco industry, the bidder\u2019s forays into other industries, investments in other industries, and a financial analysis of their portfolio and sources of funding, among other criteria. Bidders will also be scored based on the types of cigarettes they plan to make, the expected water and energy consumption levels and emissions, the timeline for getting the company off the ground, the expected size of its staff, and how much it would rely on Eastern labor force.<\/p>\n\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\/competition-watch\/\">competition watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eastern-company\/\">Eastern Company<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/industrial-development-authority\/\">Industrial Development Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tobacco\/\">tobacco<\/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=\"561004\" 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=\"561004\">\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\">Economy<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/cbe-rate-hold-reflects-egypts-manageable-inflation-strong-portfolio-flows\/\">\r\n                            CBE rate hold reflects Egypt\u2019s \u201cmanageable\u201d inflation + strong portfolio flows                        <\/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\/2021\/03\/22\/cbe-rate-hold-reflects-egypts-manageable-inflation-strong-portfolio-flows\/\" 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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With core inflation at 3.6% and urban inflation at 4.5% <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2ad47058-a1df-4f79-a48e-1b39c17beb79\">in February<\/a>, Moubayed believes that \u201cas long as we are in this range of inflation, I think the central bank can afford to remain where it is now.\u201d<\/p>\n<p><strong>But high rates could keep Egypt\u2019s growth muted in the long term<\/strong>, says Moubayed. \u201cThe tension moving forward is really about ensuring that this level of rate does not obstruct the growth recovery which Egypt needs the most, while ensuring that flows are sustainable,\u201d she said.<\/p>\n<p><strong>Maintaining sustainable inflows is essential for Egypt\u2019s external financing bill<\/strong>, with needs for this year reaching USD 30 bn, Moubayad said. Foreign holdings in local Egyptian debt hit its<a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a1d9e08-8976-4312-aa23-d653611f22bc\">highest-ever level of USD 28.5 bn<\/a> in February, reversing the huge outflows seen at the height of the global covid market crash last year, which saw foreign investors sell <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/1a1d9e08-8976-4312-aa23-d653611f22bc\">60% of their holdings<\/a> between March and May.<\/p>\n<p><strong>Thursday\u2019s rate hold had been expected by all <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4e93cbb9-79ef-4b1d-807b-d74d1637b427\">12 analysts we surveyed<\/a><\/strong> ahead of the meeting, who cited the possible impact of heightened commodity prices on domestic inflation, as well as the potential for rising bond yields in the US to hit our all-important carry trade.<\/p>\n\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\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/inflation\/\">inflation<\/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=\"561006\" 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=\"561006\">\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\">IPO<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/marseilia-plans-egx-upgrade-this-year\/\">\r\n                            Marseilia plans EGX upgrade this year                        <\/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\/2021\/03\/22\/marseilia-plans-egx-upgrade-this-year\/\" 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\/2021\/03\/22\/marseilia-plans-egx-upgrade-this-year\/')\">\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\/2021\/03\/22\/marseilia-plans-egx-upgrade-this-year\/\">\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=Marseilia plans EGX upgrade this year&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/marseilia-plans-egx-upgrade-this-year\/\">\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\/2021\/03\/22\/marseilia-plans-egx-upgrade-this-year\/&title=Marseilia plans EGX upgrade this year\">\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=Marseilia+plans+EGX+upgrade+this+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fmarseilia-plans-egx-upgrade-this-year%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\/2021\/03\/22\/marseilia-plans-egx-upgrade-this-year\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561006\" class=\"content-area-description single-story post-561006 post type-post status-publish format-standard hentry category-ipo-watch tag-capital-markets tag-egx tag-egyptian-modern-education-systems tag-enterpriseam tag-ipo-watch tag-speed-medical 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>Real estate firm Marseilia Group plans to jump from the small-cap Nilex to the <\/strong><strong>EGX before the end of this year<\/strong>, Vice President for Commercial Sector Affairs Mysarra Ashour told us. The company is currently working on completing the paperwork it needs for the upgrade to the main market, he added, including a capital increase to meet the minimum required EGP 100 mn <a href=\"https:\/\/www.egx.com.eg\/en\/How_list.aspx\">capital requirement<\/a> for resident companies on the EGX. The company <a href=\"https:\/\/enterprise.press\/stories\/2019\/05\/21\/fra-approves-marseilia-groups-egp-12-mn-capital-increase\/\">raised its capital by EGP 12 mn<\/a> to EGP 72 mn in 2019, as we noted at the time.<\/p>\n<p><strong>Following in Speed Medical\u2019s footsteps:<\/strong> The medical diagnostics upstart was the <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c901d149-9660-4b9a-a4d1-c52bde56de24\">first company to make the jump<\/a> from the small-cap index to the EGX in December 2020, and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/33a3b39b-d544-4a65-98b1-7d64635411da\">Egyptian Modern Education Systems<\/a> says it wants to follow suit.<\/p>\n\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\/capital-markets\/\">capital markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/egyptian-modern-education-systems\/\">Egyptian Modern Education Systems<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/speed-medical\/\">Speed Medical<\/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=\"561007\" 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=\"561007\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">Tourism<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/welcome-in-egypt\/\">\r\n                            Welcome in Egypt                        <\/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\/2021\/03\/22\/welcome-in-egypt\/\" 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\/2021\/03\/22\/welcome-in-egypt\/')\">\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\/2021\/03\/22\/welcome-in-egypt\/\">\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=Welcome in Egypt&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/welcome-in-egypt\/\">\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\/2021\/03\/22\/welcome-in-egypt\/&title=Welcome in Egypt\">\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=Welcome+in+Egypt+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fwelcome-in-egypt%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\/2021\/03\/22\/welcome-in-egypt\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/270.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"561008\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/welcome-in-egypt\/270-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/270.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"270.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/270.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/270.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561007\" class=\"content-area-description single-story post-561007 post type-post status-publish format-standard has-post-thumbnail hentry category-tourism tag-covid-19 tag-enterpriseam tag-tourism tag-travel 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-05\"><\/a> <strong>Some 2 mn tourists have visited Egypt since commercial flights resumed last July<\/strong>, Tourism and Antiquities Minister Khaled El Anany told reporters, according to <a href=\"https:\/\/bit.ly\/3tHTLDa\">Sada El Balad<\/a>. El Anany said <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/093c4b68-9f7e-42a5-bcaa-05f89fb4b473\">last month<\/a> that Egypt has been seeing between 270k and 290k tourist arrivals per month between December 2020 and February 2021, a significant increase from 90k when the government eased first covid-19 restrictions last summer and allowed charter flights to land in Red Sea tourist destinations. This suggests a quicker than average potential turnaround for the industry, which was <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/468e39bc-52f8-4e9f-9f2a-77e1835979a6\">battered in 2020<\/a> due to the pandemic.<\/p>\n\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\/covid-19\/\">covid-19<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/tourism\/\">tourism<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/travel\/\">travel<\/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=\"561009\" 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=\"561009\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/\">\r\n                            Pharma looking to grow?                        <\/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\/2021\/03\/22\/pharma-looking-to-grow\/\" 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\/2021\/03\/22\/pharma-looking-to-grow\/')\">\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\/2021\/03\/22\/pharma-looking-to-grow\/\">\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=Pharma looking to grow?&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/pharma-looking-to-grow\/\">\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\/2021\/03\/22\/pharma-looking-to-grow\/&title=Pharma looking to grow?\">\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=Pharma+looking+to+grow%3F+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fpharma-looking-to-grow%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\/2021\/03\/22\/pharma-looking-to-grow\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561009\" class=\"content-area-description single-story post-561009 post type-post status-publish format-standard hentry category-debt-watch tag-debt-watch tag-enterpriseam tag-national-bank-of-egypt tag-qnb-alahli 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-06\"><\/a> <strong>Pharma may have appetite for capex as two manufacturers take on debt to finance new <\/strong><strong>production capacity:<\/strong> Future Pharma Industries (FPI) has secured a EGP 350 mn loan from the National Bank of Egypt and QNB AlAhli to fund a new EGP 500 mn plant, Chairman Gamal El Leithy tells <a href=\"https:\/\/bit.ly\/3tEXJMU\">Souq Al Dawaa<\/a>. SPE Capital, which<a href=\"https:\/\/enterprise.press\/stories\/2019\/07\/01\/spe-capital-buys-30-stake-in-future-pharma\/\">acquired a 30% stake in FPI<\/a> for EGP 500 mn, will finance the remaining funding needed to develop the project. The factory will produce ampoules and eye drops, and is expected to be operational by 2023, according to El Leithy.<\/p>\n<p><strong>Meanwhile, <\/strong><strong><a href=\"http:\/\/www.mdipharma.com\/index.html\">Marcyrl Pharma<\/a><\/strong><strong> is borrowing EGP 300 mn from QNB to bankroll <\/strong><strong>the development of an aseptic production line<\/strong> for needles and drops in the company\u2019s factory in Obour City, General Manager Wagdy Mounir tells <a href=\"https:\/\/bit.ly\/314t3so\">the newspaper<\/a>. The manufacturer aims to see a 20% boost in sales during 2021, Mounir said.<\/p>\n\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\/debt-watch\/\">debt watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/national-bank-of-egypt\/\">National Bank of Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/qnb-alahli\/\">QNB Alahli<\/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=\"561010\" 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=\"561010\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">LEGISLATION WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/finmin-issues-new-customs-act-regs\/\">\r\n                            FinMin issues new Customs Act regs                        <\/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\/2021\/03\/22\/finmin-issues-new-customs-act-regs\/\" 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\/2021\/03\/22\/finmin-issues-new-customs-act-regs\/')\">\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\/2021\/03\/22\/finmin-issues-new-customs-act-regs\/\">\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=FinMin issues new Customs Act regs&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/finmin-issues-new-customs-act-regs\/\">\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\/2021\/03\/22\/finmin-issues-new-customs-act-regs\/&title=FinMin issues new Customs Act regs\">\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=FinMin+issues+new+Customs+Act+regs+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Ffinmin-issues-new-customs-act-regs%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\/2021\/03\/22\/finmin-issues-new-customs-act-regs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561010\" class=\"content-area-description single-story post-561010 post type-post status-publish format-standard hentry category-legislation-watch tag-abdel-fattah-el-sisi tag-enterpriseam tag-finance-ministry tag-house-of-representatives tag-legislation-watch tag-trade wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Companies importing capital goods they need to grow \u2014 including heavy equipment and <\/strong><strong>machinery \u2014 <\/strong><strong>could get a breather under upcoming changes to the Customs Act\u2019s <\/strong><strong><a href=\"https:\/\/ent.news\/2021\/3\/Customs-Act-exec-regs.pdf\">executive regulations<\/a><\/strong><a href=\"https:\/\/ent.news\/2021\/3\/Customs-Act-exec-regs.pdf\">(pdf)<\/a>, the draft of which the Finance Ministry has completed ahead of their being put up for public consultations. The regs would allow importers to pay customs in chunks over six months for businesses that are up and running, and over the course of one year for ventures that are still in the construction phase.<\/p>\n<p><strong>Shippers could also be allowed to move goods out of Egypt without submitting waybills<\/strong> on the spot and would instead be given the option of handing over the documentation 48 hours after leaving the country. This applies to cargo ships, planes, and other vessels with or without cargo. The Customs Authority had agreed to introduce this concession in the act\u2019s executive regulations <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3f5511e2-50db-4cad-b475-06daefb7032e\">last month<\/a>.<\/p>\n<p><strong>Background:<\/strong> <strong>We have <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff816b7c-7eaf-4b1f-ac4c-be6ec4df8325\">a bulleted rundown on the new Customs Act here<\/a><\/strong> if you need to get up to speed. The recently-approved law <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/99a6ca73-945a-43a8-9bb3-70e01e484a6c\">came into effect<\/a> late last year and aims to expedite customs clearance. It <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ff816b7c-7eaf-4b1f-ac4c-be6ec4df8325\">received a final nod<\/a> from the House of Representatives in August 2020, but has since been met with pushback from exporters, shipping agencies, and customs brokers. Their grumblings led the Finance Ministry to make minor concessions, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f369f7a0-4646-4239-b23f-8e2b291d1f63\">including on ins. requirements<\/a>.<\/p>\n<p><strong>IN OTHER LEGISLATION NEWS-<\/strong><\/p>\n<p><strong>FGM is now punishable by at least five years in prison and up to a decade if the <\/strong><strong>victim is permanently disabled<\/strong> after the Senate signed off on tougher penalties for the illegal procedure in a plenary session yesterday, <a href=\"https:\/\/www.shorouknews.com\/news\/view.aspx?cdate=21032021&id=eee5e62c-c141-4b22-ac64-8619bbb51bc8\">Al Shorouk<\/a> reported. The penalty in the case of a victim\u2019s death is at least 20 years in prison. Medical professionals found guilty of FGM will face similar prison terms and will be stripped of their medical license for at least five years. Those who promote or encourage the practice will also face prison time.<\/p>\n\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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/finance-ministry\/\">Finance Ministry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/house-of-representatives\/\">House of Representatives<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/legislation-watch\/\">Legislation Watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/trade\/\">trade<\/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=\"561011\" 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=\"561011\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">COVID WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/dont-hold-your-breath-for-vaccine-donations-from-the-eu\/\">\r\n                            Don\u2019t hold your breath for vaccine donations from the EU                        <\/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\/2021\/03\/22\/dont-hold-your-breath-for-vaccine-donations-from-the-eu\/\" 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\/2021\/03\/22\/dont-hold-your-breath-for-vaccine-donations-from-the-eu\/')\">\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\/2021\/03\/22\/dont-hold-your-breath-for-vaccine-donations-from-the-eu\/\">\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=Don\u2019t hold your breath for vaccine donations from the EU&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/dont-hold-your-breath-for-vaccine-donations-from-the-eu\/\">\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\/2021\/03\/22\/dont-hold-your-breath-for-vaccine-donations-from-the-eu\/&title=Don\u2019t hold your breath for vaccine donations from the EU\">\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=Don%E2%80%99t+hold+your+breath+for+vaccine+donations+from+the+EU+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fdont-hold-your-breath-for-vaccine-donations-from-the-eu%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\/2021\/03\/22\/dont-hold-your-breath-for-vaccine-donations-from-the-eu\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561011\" class=\"content-area-description single-story post-561011 post type-post status-publish format-standard hentry category-covid-watch tag-covax tag-covid-19 tag-enterpriseam tag-eu tag-gavi tag-palestine tag-uae tag-ursula-von-der-leyen 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><strong>Egypt is on the cusp of a third wave of covid-19 infections, President Abdel Fattah El Sisi <\/strong><strong>warned yesterday<\/strong>, urging citizens to take the necessary precautions, especially during Ramadan (<a href=\"https:\/\/www.youtube.com\/watch?v=gUF4UnFsvrc\">watch, runtime: 2:39<\/a>). We were relatively lucky with the first and second waves and managed to weather the storm, El Sisi said, but there is no certainty we\u2019ll have the same outcome if faced with an aggressive third wave.<\/p>\n<p><strong>The Health Ministry <\/strong><strong><a href=\"https:\/\/bit.ly\/392gPVA\">reported<\/a><\/strong><strong> 647 new covid-19 infections yesterday<\/strong>, up from 644 the day before. The ministry also reported 41 new deaths, bringing the country\u2019s total death toll to 11,598. Egypt has now disclosed a total of 195,418 confirmed cases of covid-19.<\/p>\n<p><strong>Developing countries shouldn\u2019t expect donations from the European Union for a<\/strong><strong> while<\/strong> until there\u2019s \u201ca better production situation\u201d in the EU, which is already providing financial support to the Covax initiative, European Commission President Ursula von der Leyen said, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-20\/miami-beach-cracks-down-protests-hit-europe-virus-update?srnd=premium-middle-east&sref=mmeFTDW1\">Bloomberg<\/a>.<\/p>\n<p> <strong>The UAE is expanding its vaccination campaign to include people aged 16 and <\/strong><strong>above<\/strong>, state-run <a href=\"https:\/\/www.wam.ae\/en\/details\/1395302920029\">WAM news agency<\/a> reported. The country had prioritized the elderly and those with chronic diseases, but will now start rolling out the jabs to the broader public. The UAE has so far handed out <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-21\/uae-expands-vaccine-drive-to-include-residents-aged-16-and-over?sref=mmeFTDW1\">more than 7 mn jabs<\/a> to its 10 mn-strong population.<\/p>\n<p><strong>Palestine\u2019s covid-19 vaccination campaign kicked off yesterday with the first<\/strong><strong> shipment of some <\/strong><strong><a href=\"https:\/\/www.unicef.org\/sop\/press-releases\/arrival-first-wave-consignment-covax-covid-19-vaccine-doses\">61.4k<\/a><\/strong><strong> doses of AstraZeneca<\/strong> from the World Health Organization\u2019s Gavi \/ Covax program. The shipment arrived last week and is being used to inoculate the West Bank\u2019s eligible population, Palestinian news agency <a href=\"https:\/\/wafa.ps\/Videos\/Details\/1315\">Wafa<\/a> reports.<\/p>\n\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\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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src=\"https:\/\/i0.wp.com\/ent.news\/internal\/27483.png?fit=300%2C300&#038;ssl=1\" alt=\"\">\r\n                    <\/a>\r\n                    <span>Powering with nature<\/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-f5i8o9f\" data-v=\"4\" data-block-id=\"f5i8o9f\"><div class=\"stk-column-wrapper stk-block-column__content stk-container stk-f5i8o9f-container stk--no-background stk--no-padding\"><div class=\"stk-block-content stk-inner-blocks stk-f5i8o9f-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\/240926.jpg?ssl=1\">\r\n                <div class=\"overlay\"><\/div>\r\n                <div class=\"content\">\r\n                    <a draggable=\"false\" 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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=\"561013\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/div>\r\n\r\n                    <p class=\"f-graphik\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/cleopatra-hospitals-net-income-up-21-in-4q2020\/\">\r\n                            Cleopatra Hospitals net income up 21% in 4Q2020                        <\/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\" 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href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/cleopatra-hospitals-net-income-up-21-in-4q2020\/&title=Cleopatra Hospitals net income up 21% in 4Q2020\">\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=Cleopatra+Hospitals+net+income+up+21%25+in+4Q2020+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fcleopatra-hospitals-net-income-up-21-in-4q2020%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\/2021\/03\/22\/cleopatra-hospitals-net-income-up-21-in-4q2020\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561013\" class=\"content-area-description single-story post-561013 post type-post status-publish format-standard hentry category-earnings-watch tag-ahmed-ezzeldin tag-cleopatra-hospitals-group tag-earnings-watch tag-enterpriseam tag-healthcare wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>EARNINGS WATCH-<\/strong> <strong>Cleopatra Hospitals Group\u2019s (CHG) net income rose 21% <\/strong><strong>y-o-y <\/strong><strong>in 4Q2020<\/strong> <strong>to EGP 116 mn<\/strong>, up from EGP 95 mn in 4Q2019, the company said in an <a href=\"https:\/\/ent.news\/2021\/3\/Cleopatra-ER-FY2020-E-FINAL.pdf\">earnings release (pdf)<\/a>. Revenues for the quarter grew 19% y-o-y to EGP 611 mn, up from EGP 511 mn in the same quarter of 2019. Over the course of the year the company reported a 12% increase in net income to EGP 298 mn on the back of an 11% rise in revenues and efforts to reduce costs.<\/p>\n<p><strong>Rising patient volumes in 4Q point to full recovery from covid headwinds:<\/strong> The company saw patient numbers fall 11% during the course of the year, but an uptick in the final quarter is raising hope that a \u201cfull recovery\u201d in volumes is around the corner, CEO Ahmed Ezzeldin said. \u201cWe expect to see them return to their pre-crisis growth trajectory in the near future,\u201d he added.<\/p>\n<p><strong>Looking ahead: <\/strong>In the short-term, the company plans to enhance the quality of its services and support the increase in patient volumes through marketing campaigns. It will also continue rolling out new digital systems to improve operational efficiency. Over the longer term, the company is looking to open two new centers \u2014 one specialized in oncology at Queens Hospital, the other respirology at El Katib \u2014 and will continue working to obtain permits for a new hospital in Beni Suef.<\/p>\n\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\/ahmed-ezzeldin\/\">Ahmed Ezzeldin<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cleopatra-hospitals-group\/\">Cleopatra Hospitals Group<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/earnings-watch\/\">earnings watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/healthcare\/\">healthcare<\/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=\"561014\" 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=\"561014\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/div>\r\n\r\n                    <p class=\"f-graphik\">Moves<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/cibs-amr-el-ganainy-resigns-from-ci-capital-board\/\">\r\n                            CIB\u2019s Amr El Ganainy resigns from CI Capital board                        <\/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\/2021\/03\/22\/cibs-amr-el-ganainy-resigns-from-ci-capital-board\/\" 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\/2021\/03\/22\/cibs-amr-el-ganainy-resigns-from-ci-capital-board\/')\">\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\/2021\/03\/22\/cibs-amr-el-ganainy-resigns-from-ci-capital-board\/\">\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=CIB\u2019s Amr El Ganainy resigns from CI Capital board&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/cibs-amr-el-ganainy-resigns-from-ci-capital-board\/\">\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\/2021\/03\/22\/cibs-amr-el-ganainy-resigns-from-ci-capital-board\/&title=CIB\u2019s Amr El Ganainy resigns from CI Capital board\">\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=CIB%E2%80%99s+Amr+El+Ganainy+resigns+from+CI+Capital+board+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fcibs-amr-el-ganainy-resigns-from-ci-capital-board%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\/2021\/03\/22\/cibs-amr-el-ganainy-resigns-from-ci-capital-board\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561014\" class=\"content-area-description single-story post-561014 post type-post status-publish format-standard hentry category-moves tag-banque-misr tag-ci-capital tag-cib tag-enterpriseam tag-moves wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>CIB\u2019s CEO for Institutional Banking, <\/strong><strong>Amr El Ganainy<\/strong> (<a href=\"https:\/\/www.cicapital.com\/team\/amr-y-el-ganainy\/\">bio<\/a>), has stepped down from <strong>CI <\/strong><strong>Capital\u2019s board of directors<\/strong>, the company said in a <a href=\"https:\/\/ent.news\/2021\/3\/CI-Capital-decisions.pdf\">statement (pdf)<\/a>. El Ganainy stepped down after Banque Misr closed its takeover of a 66% stake in CI Capital. CIB was one of the major shareholders that offloaded their stakes in the EGP 3.06 bn transaction, giving Banque Misr control of <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9a70b224-fa29-4d0c-b29b-3f5cc195752d\">90% of CI Capital<\/a>. CI has also accepted the resignation of board members including Omar Mehana, Mahmoud El Gammal and Wael Ismail.<\/p>\n\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\/banque-misr\/\">Banque Misr<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ci-capital\/\">CI Capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/cib\/\">CIB<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/moves\/\">moves<\/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=\"561015\" 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                            \"\r\n            id=\"561015\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/561015\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561015\" class=\"content-area-description single-story post-561015 post type-post status-publish format-standard hentry category-uncategorized wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/www.sodic.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/Sodic-Karmell2-1600px.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\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<section id=\"561016\" 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=\"561016\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">12<\/div>\r\n\r\n                    <p class=\"f-graphik\">Enterprise+: Last Night\u2019s Talk Shows<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/last-nights-talk-shows-on-22-march-2021\/\">\r\n                            Last Night\u2019s Talk Shows on 22 March 2021                        <\/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\/2021\/03\/22\/last-nights-talk-shows-on-22-march-2021\/\" 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\/2021\/03\/22\/last-nights-talk-shows-on-22-march-2021\/')\">\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\/2021\/03\/22\/last-nights-talk-shows-on-22-march-2021\/\">\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=Last Night\u2019s Talk Shows on 22 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/last-nights-talk-shows-on-22-march-2021\/\">\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\/2021\/03\/22\/last-nights-talk-shows-on-22-march-2021\/&title=Last Night\u2019s Talk Shows on 22 March 2021\">\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=Last+Night%E2%80%99s+Talk+Shows+on+22+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Flast-nights-talk-shows-on-22-march-2021%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\/2021\/03\/22\/last-nights-talk-shows-on-22-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561016\" class=\"content-area-description single-story post-561016 post type-post status-publish format-standard hentry category-enterprise-last-nights-talk-shows tag-abdel-fattah-el-sisi tag-enterpriseam tag-gender tag-last-nights-talk-shows tag-personal-status-act wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The talking heads fixated on Mother\u2019s Day yesterday<\/strong>, with wall-to-wall coverage of President Abdel Fattah El Sisi\u2019s directives at the \u201cMother of the Year\u201d ceremony to introduce new policies to support women and mothers in Egypt. Among those singing praises were from Kelma Akhira\u2019s Lamees El Hadidi (<a href=\"https:\/\/www.youtube.com\/watch?v=251psmPkfKc\">watch, runtime: 1:26<\/a>) and Masaa DMC\u2019s Eman El Hosary (<a href=\"https:\/\/www.youtube.com\/watch?v=x8b-_r3NYqk\">watch, runtime: 1:35<\/a>). The president also phoned into CBC\u2019s Min Masr to reiterate the state\u2019s commitment to supporting women, especially those with success stories (<a href=\"https:\/\/www.youtube.com\/watch?v=CLQE0CFozPM\">watch, runtime: 5:30<\/a>).<\/p>\n<p><strong>Among the key priorities: The president ordered his government to address the phenomenon of indebted women<\/strong> who are jailed over unpaid debts, which he previously touched on at a similar ceremony <a href=\"https:\/\/enterprise.press\/stories\/2019\/03\/31\/el-sisi-unveils-public-sector-wage-pension-increases\/\">back in 2019<\/a>. <strong>This long standing issue could be resolved through legislative amendments<\/strong>, El Hekaya\u2019s Amr Adib said (<a href=\"https:\/\/www.youtube.com\/watch?v=xswHkk4vaAk\">watch, runtime: 3:43<\/a>). Misr El Kheir Foundation is also currently working on a program to help put an end to the phenomenon, foundation director Mohsen Mahgoub told Adib (<a href=\"https:\/\/www.youtube.com\/watch?v=V9f8Rgg2XYs\">watch, runtime: 4:59<\/a>).<\/p>\n<p><strong>The president also called for changes to the Personal Status Act that would set a minimum age of marriage for both women and men<\/strong> to crack down on child marriage, which Adib hailed as a \u201chistorical milestone\u201d (<a href=\"https:\/\/www.youtube.com\/watch?v=VnVqSkmq1tU\">watch, runtime: 4:14<\/a>). The draft law \u2014 which has been met with plenty of public controversy \u2014 will be put up for public consultations, Social Solidarity Minister Nevine El Kabbaj told El Hosary. El Kabbaj drew a parallel to the NGOs Act, which was also highly controversial in its initial form but went through several rounds of consultations with key stakeholders before being passed into law (<a href=\"https:\/\/www.youtube.com\/watch?v=H-9Jl9lHAyc\">watch, runtime: 8:11<\/a>).<\/p>\n\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\/abdel-fattah-el-sisi\/\">Abdel Fattah El Sisi<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/gender\/\">gender<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/last-nights-talk-shows\/\">LAST NIGHT\u2019S TALK SHOWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/personal-status-act\/\">Personal Status Act<\/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=\"561017\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"561018\" 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=\"561018\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">13<\/div>\r\n\r\n                    <p class=\"f-graphik\">EGYPT IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/egypt-in-the-news-on-22-march-2021\/\">\r\n                            Egypt in the News on 22 March 2021                        <\/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\/2021\/03\/22\/egypt-in-the-news-on-22-march-2021\/\" 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\/2021\/03\/22\/egypt-in-the-news-on-22-march-2021\/')\">\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\/2021\/03\/22\/egypt-in-the-news-on-22-march-2021\/\">\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=Egypt in the News on 22 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/egypt-in-the-news-on-22-march-2021\/\">\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\/2021\/03\/22\/egypt-in-the-news-on-22-march-2021\/&title=Egypt in the News on 22 March 2021\">\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=Egypt+in+the+News+on+22+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fegypt-in-the-news-on-22-march-2021%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\/2021\/03\/22\/egypt-in-the-news-on-22-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561018\" class=\"content-area-description single-story post-561018 post type-post status-publish format-standard hentry category-egypt-in-the-news tag-aswan-high-dam tag-enterpriseam tag-ethiopia tag-new-administrative-capital tag-sinopharm tag-sudan wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>The passing of high-profile writer and feminist icon Nawal El Saadawi leads the conversation on Egypt this morning<\/strong> (as we note in What We\u2019re Tracking Today, above). In the runner-up spot: coverage of our latest vaccine shipment from China. The <a href=\"https:\/\/apnews.com\/article\/health-care-reform-cairo-coronavirus-pandemic-health-covid-19-pandemic-62e56e073391f206479d4724693d53d0\">Associated Press<\/a> and <a href=\"https:\/\/www.reuters.com\/article\/idUSKBN2BC0D4\">Reuters<\/a> are running with news of the 300k-dose shipment of vaccine from Sinopharm <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b5524763-ab2f-4eb3-a685-052091da22da\">that we received over the weekend<\/a>.<\/p>\n<p><strong>Also making headlines: <\/strong>Yet another piece looking at the colonial roots of tensions over the Grand Ethiopian Renaissance Dam (<a href=\"https:\/\/theconversation.com\/the-imperialist-past-that-started-dam-politics-between-egypt-sudan-and-ethiopia-156760\">The Conversation<\/a>) and a look at desert megacities in Egypt and Saudi Arabia (<a href=\"https:\/\/www.haaretz.com\/middle-east-news\/.premium-egypt-s-and-saudi-arabia-s-shiny-new-cities-are-just-a-facade-1.9639998\">Haaretz<\/a>).<\/p>\n\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\/aswan-high-dam\/\">Aswan High Dam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ethiopia\/\">Ethiopia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/new-administrative-capital\/\">new administrative capital<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sinopharm\/\">Sinopharm<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/sudan\/\">Sudan<\/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=\"561019\" 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=\"561019\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">14<\/div>\r\n\r\n                    <p class=\"f-graphik\">Also on our Radar<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/also-on-our-radar-on-22-march-2021\/\">\r\n                            Also on our Radar on 22 March 2021                        <\/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\/2021\/03\/22\/also-on-our-radar-on-22-march-2021\/\" 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\/2021\/03\/22\/also-on-our-radar-on-22-march-2021\/')\">\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\/2021\/03\/22\/also-on-our-radar-on-22-march-2021\/\">\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=Also on our Radar on 22 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/also-on-our-radar-on-22-march-2021\/\">\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\/2021\/03\/22\/also-on-our-radar-on-22-march-2021\/&title=Also on our Radar on 22 March 2021\">\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=Also+on+our+Radar+on+22+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Falso-on-our-radar-on-22-march-2021%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\/2021\/03\/22\/also-on-our-radar-on-22-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561019\" class=\"content-area-description single-story post-561019 post type-post status-publish format-standard hentry category-also-on-our-radar tag-also-on-our-radar tag-dice-sport-and-casual-wear tag-enterpriseam tag-financial-regulatory-authority tag-heliopark tag-heliopolis-housing-and-development tag-real-estate tag-regulation tag-transport wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Dice will hire an advisor to prepare a fair value report after its shares shed <\/strong><strong>more than half their value since late February<\/strong>, triggering a regulation that grants the Financial Regulatory Authority the right to order a valuation through an independent financial advisor, the regulator said in a <a href=\"https:\/\/ent.news\/2021\/3\/DICE-new-valuation-FRA.pdf\">filing (pdf)<\/a>. The clothing manufacturer\u2019s shares closed yesterday\u2019s session at EGP 1.52 apiece after <a href=\"https:\/\/english.mubasher.info\/markets\/EGX\/stocks\/DSCW\">losing 12.47%<\/a> in intra-day trading, representing a 55% decrease from EGP 3.37 on 22 February. Dice rotated out of the benchmark EGX30 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a0cb2af7-3aa5-460f-b75b-10581cc938f3\">earlier this year<\/a> due to the sustained loss of market cap in the index\u2019s latest <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ea745e38-4504-4cd3-affa-33ad53b32eb0\">rebalancing<\/a> under new inclusion criteria.<\/p>\n<p><strong>Other things we\u2019re keeping an eye on this morning:<\/strong><\/p>\n<ul>\n<li><strong>Heliopo<\/strong><strong>lis Housing<\/strong> <a href=\"https:\/\/bit.ly\/3s9k8lg\">ha<\/a><a href=\"https:\/\/bit.ly\/3s9k8lg\">s postponed<\/a> offering the conditions booklet for developing the <strong>Heliopark real estate project<\/strong> in New Cairo to 4 April, with the deadline for investors to submit bids extended to 16 June.<\/li>\n<li><strong>Egypt and Italy<\/strong> <a href=\"http:\/\/bit.ly\/3c3HiUu\">are mulling<\/a> setting up <strong>direct shipping lines<\/strong> between the two countries\u2019 ports.<\/li>\n<\/ul>\n\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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/dice-sport-and-casual-wear\/\">Dice Sport and Casual Wear<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-regulatory-authority\/\">Financial Regulatory Authority<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/heliopark\/\">Heliopark<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/heliopolis-housing-and-development\/\">Heliopolis Housing and Development<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/real-estate\/\">real estate<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/regulation\/\">regulation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/transport\/\">transport<\/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=\"561020\" 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=\"561020\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">15<\/div>\r\n\r\n                    <p class=\"f-graphik\">PLANET FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/what-the-markets-are-doing-on-22-march-2021\/\">\r\n                            What the markets are doing on 22 March 2021                        <\/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\/2021\/03\/22\/what-the-markets-are-doing-on-22-march-2021\/\" 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\/2021\/03\/22\/what-the-markets-are-doing-on-22-march-2021\/')\">\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\/2021\/03\/22\/what-the-markets-are-doing-on-22-march-2021\/\">\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=What the markets are doing on 22 March 2021&url=https:\/\/enterpriseam.com\/egypt\/2021\/03\/22\/what-the-markets-are-doing-on-22-march-2021\/\">\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\/2021\/03\/22\/what-the-markets-are-doing-on-22-march-2021\/&title=What the markets are doing on 22 March 2021\">\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=What+the+markets+are+doing+on+22+March+2021+https%3A%2F%2Fenterpriseam.com%2Fegypt%2F2021%2F03%2F22%2Fwhat-the-markets-are-doing-on-22-march-2021%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\/2021\/03\/22\/what-the-markets-are-doing-on-22-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561020\" class=\"content-area-description single-story post-561020 post type-post status-publish format-standard hentry category-planet-finance tag-cryptocurrency tag-economy tag-enterpriseam tag-financial-markets tag-ipo-watch tag-joe-biden tag-planet-finance tag-porsche tag-stimulus-plan tag-volkswagen wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<aside>\t\t\t<div\r\n\t\t\t\t\t\t\t\tclass=\"newspack-popup-container newspack-popup hidden  newspack-inline-popup  newspack-lightbox-no-border   \"\r\n\t\t\t\trole=\"button\"\r\n\t\t\t\ttabindex=\"0\"\r\n\t\t\t\tstyle=\"background-color:#FFFFFF;color:#000\"\r\n\t\t\t\tid=\"id_408150\"\r\n\t\t\t\tdata-segments=\"\"\r\n\t\t\t\tdata-frequency=\"0,0,0,month\"\r\n\t\t\t>\r\n\t\t\t\t\n<div class=\"wp-block-group has-light-gray-background-color has-background\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-container-core-group-is-layout-ef38739e wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group is-content-justification-center is-nowrap is-layout-flex wp-container-core-group-is-layout-94bc23d7 wp-block-group-is-layout-flex\"><div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408151.svg\" alt=\"\" class=\"wp-image-408151\"\/><\/figure>\n<\/div><\/div>\n<\/div><\/div>\n\t\t\t<\/div>\r\n\t\t<\/aside>\n<p><a class=\"content-anchor\" id=\"tldr-story-09\"><\/a> <strong>The Biden administration's USD 1.9 tn stimulus plan could propel the global economy back to pre-covid <\/strong><strong>levels <\/strong>\u201cif US domestic sensitivities over trade can be contained,\u201d analysts tell the <a href=\"https:\/\/www.ft.com\/content\/2a9c82fd-6113-4b62-9ee2-d24a28212c62\">Financial Times<\/a>. The White House is likely to come under pressure to place new curbs on imports, as his stimulus bill triggers a surge in new demand for overseas imports \u2014 particularly Chinese goods, which Allianz says will be the largest recipient of the USD 360 bn of stimulus money it estimates will be spent on imports. But if policymakers ignore the growing concerns about the country\u2019s widening trade deficit, the Biden stimulus could produce export-driven growth around the world.<\/p><p><strong>Increased liquidity and positive earnings prospects are likely to lead to a <\/strong><strong>\u201cbuyback binge,\u201d<\/strong> as companies with strong, liquid balance sheets look to prop up their stock prices following a plunge in buybacks in 2020, analysts tell <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-20\/corporate-america-primed-to-join-warren-buffett-in-buyback-binge?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a>. Buybacks among US companies surged 28% q-o-q in 4Q2020 to hit USD 120 bn in a spree that saw more than half of S&amp;P 500 companies repurchasing stock for the first time since the covid crisis hit. \u201cWhen you see cashflow accelerate, you see buybacks follow shortly thereafter,\u201d said Gina Martin Adams, chief equity strategist for Bloomberg Intelligence.<\/p><p><strong>GLOBAL IPO WATCH-<\/strong><\/p><ul>\n<li><strong>US cryptocurrency exchange Coinbase has delayed its listing<\/strong> on the Nasdaq to April after its plans to go public in March failed to materialize, sources told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-20\/coinbase-s-direct-listing-is-said-to-be-pushed-back-to-april?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> without disclosing further information.<\/li>\n<li><strong>German luxury auto company Porsche is open to an initial public offering<\/strong>, should parent company VW agree, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-03-19\/porsche-ceo-says-exploring-ipo-could-be-interesting-option?srnd=premium-middle-east&amp;sref=mmeFTDW1\">Bloomberg<\/a> reports, citing CEO Oliver Blume who considers it an \u201cinteresting\u201d option.<\/li>\n<\/ul><div class=\"stock-ticker-panel\">\n<table class=\"table stock-ticker-table table-striped markets-table\">\n<tbody>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>EGX30 <\/strong><\/p>\n<\/td>\n<td>\n<p>10,802<\/p>\n<\/td>\n<td>\n<p>-1.1% (YTD: -0.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD (CBE)<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>USD at CIB<\/strong><\/p>\n<\/td>\n<td>\n<p>Buy 15.65<\/p>\n<\/td>\n<td>\n<p>Sell 15.75<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-none\">\n<td class=\"td-list-none\">\n<p><svg class=\"e-icon e-TypeMarkets\"><use xlink:href=\"#e-TypeMarkets\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Interest rates CBE<\/strong><\/p>\n<\/td>\n<td>\n<p>8.25% deposit<\/p>\n<\/td>\n<td>\n<p>9.25% lending<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-up\">\n<td class=\"td-list-up\">\n<p><svg class=\"e-icon e-TypeMarkets11\"><use xlink:href=\"#e-TypeMarkets11\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Tadawul<\/strong><\/p>\n<\/td>\n<td>\n<p>9,499<\/p>\n<\/td>\n<td>\n<p>+0.1% (YTD: +9.3%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>ADX<\/strong><\/p>\n<\/td>\n<td>\n<p>5,723<\/p>\n<\/td>\n<td>\n<p>-0.2% (YTD: +13.4%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>DFM<\/strong><\/p>\n<\/td>\n<td>\n<p>2,584<\/p>\n<\/td>\n<td>\n<p>-0.8% (YTD: +3.7%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>S&amp;P 500<\/strong><\/p>\n<\/td>\n<td>\n<p>3,913<\/p>\n<\/td>\n<td>\n<p>-0.1% (YTD: +4.2%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>FTSE 100<\/strong><\/p>\n<\/td>\n<td>\n<p>6,709<\/p>\n<\/td>\n<td>\n<p>-1.1% (YTD: +3.8%)<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Brent crude<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 64.09<\/p>\n<\/td>\n<td>\n<p>-0.7%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Natural gas <\/strong>(Nymex)<\/p>\n<\/td>\n<td>\n<p>USD 2.50<\/p>\n<\/td>\n<td>\n<p>-1.3%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>Gold<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 1,737.50<\/p>\n<\/td>\n<td>\n<p>-0.4%<\/p>\n<\/td>\n<\/tr>\n<tr class=\"tr-row-down\">\n<td class=\"td-list-down\">\n<p><svg class=\"e-icon e-TypeMarkets1\"><use xlink:href=\"#e-TypeMarkets1\"><\/use><\/svg><\/p>\n<\/td>\n<td>\n<p><strong>BTC<\/strong><\/p>\n<\/td>\n<td>\n<p>USD 56,693.06<\/p>\n<\/td>\n<td>\n<p>-2.5%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div><p><strong>The EGX30 fell 1.1% yesterday<\/strong> on turnover of EGP 696 mn (52.8% below the 90-day average). Regional investors were net sellers. The index is down 0.4% YTD.<\/p><p><strong>In the green: <\/strong>Eastern Co. (+2.0%), Orascom Investment (+1.6%) and Orascom Financial (+1.0%).<\/p><p><strong>In the red: <\/strong>GB Auto (-5.2%), Ibnsina Pharma (-4.7%) and Heliopolis Housing (-4.2%).<\/p><p><strong>Asian markets are mixed this morning<\/strong>, with Japan\u2019s Nikkei and Hong Kong\u2019s Hang Seng in the red and China\u2019s Shanghai and Korea\u2019s Kospi in the green. Futures point to the Dow and S&amp;P opening in the red while Nasdaq still has a chance to start the week off in the green. Toronto and much of Europe will also open in the red later today.<\/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\/cryptocurrency\/\">cryptocurrency<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/economy\/\">economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/financial-markets\/\">Financial Markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/ipo-watch\/\">IPO watch<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/joe-biden\/\">Joe Biden<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/planet-finance\/\">Planet Finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/porsche\/\">Porsche<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/stimulus-plan\/\">stimulus plan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/volkswagen\/\">Volkswagen<\/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<div class=\"alignfull vertical-section wide-section blackboard wp-block-group issue-section\" id=\"561021\">\r\n    <div class=\"issue-section__content\">\r\n        <div class=\"alignwide wp-block-columns\">\r\n            <div class=\"wp-block-column sidebar-vertical-info\" style=\"flex-basis:22.8%\">\r\n                <figure class=\"wp-block-image size-full\">\r\n                                            <img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27466.svg\" style=\"width:80%\" alt=\"\" >\r\n                                    <\/figure>\r\n                <p>\r\n                    Our weekly deep dive into education in Egypt, from K-12 to post-secondary.                <\/p>\r\n                <figure class=\"wp-block-image size-full mt-0 mb-0 img-white-bg\"><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/resources.inktankir.com\/internal\/27480.svg\" alt=\"\"><\/figure>\r\n                <p class=\"has-text-color has-link-color\">\r\n                    Published every Monday in EnterpriseAM.                <\/p>\r\n                <div class=\"wp-block-buttons mt-0\">\r\n                    <div class=\"wp-block-button\">\r\n                        <a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/enterpriseam.com\/egypt\/blackboard\/\">\r\n                            Read Blackboard                        <\/a>\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column issue-section\">\r\n                <div class=\"story-section\">\r\n                    <div class=\"issue-story-header text-center\">\r\n                        <div class=\"index-number\">15<\/div>\r\n\r\n                        \r\n                        <h3 class=\"story-title\"><a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-egypts-edtech-scene-has-shifted-in-the-past-year\/\">\r\n                            How Egypt\u2019s edtech scene has shifted in the past year<\/a>\r\n                        <\/h3>\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\/blackboards\/how-egypts-edtech-scene-has-shifted-in-the-past-year\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n  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href=\"https:\/\/api.whatsapp.com\/send?text=How+Egypt%E2%80%99s+edtech+scene+has+shifted+in+the+past+year+https%3A%2F%2Fenterpriseam.com%2Fegypt%2Fblackboards%2Fhow-egypts-edtech-scene-has-shifted-in-the-past-year%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>                    <\/div>\r\n\r\n                    <div class=\"story__body\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-egypts-edtech-scene-has-shifted-in-the-past-year\/\">\r\n                            <div class=\"photo photo--above\">\r\n                                <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/274.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" sizes=\"(max-width: 34.9rem) calc(100vw - 2rem), (max-width: 53rem) calc(8 * (100vw \/ 12)), (min-width: 53rem) calc(6 * (100vw \/ 12)), 100vw\" data-attachment-id=\"561022\" data-permalink=\"https:\/\/enterpriseam.com\/egypt\/blackboards\/how-egypts-edtech-scene-has-shifted-in-the-past-year\/274-jpg-9\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/274.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"274.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/274.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/274.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                            <\/div>\r\n                        <\/a>\r\n                        \n<article id=\"post-561021\" class=\"content-area-description post-561021 blackboard type-blackboard status-publish has-post-thumbnail hentry tag-edtech tag-enterprise-blackboard tag-enterpriseam tag-eyouth tag-marj3 tag-startups tag-zedny 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-08\"><\/a> <strong>How Egypt\u2019s edtech scene has shifted in the past year, as experienced by <\/strong><strong>Egyptian edtech startups:<\/strong> It\u2019s no secret that the reliance on edtech and online education boomed globally as the pandemic broke out and made technology an indispensable part of the learning process. Locally, some startups in the sector had to shift their activities online or introduce more remote-friendly services, but for the most part, nascent edtech businesses enjoyed spikes in user generation. But even with the soaring usage rates, the sector pulled the short straw in terms of investment last year: The lion\u2019s share of Egypt\u2019s venture capital investments in 2020 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0c3b99bc-dc50-48af-9f1b-d9ffbbc8bc71\">was geared towards e-commerce and fintech<\/a>.<\/p>\n<p><strong>We look at the sector\u2019s trends through the eyes of the five local startups that landed investments in 2020<\/strong>, and ask them about how the sector was impacted locally, as well as how the shift to online learning impacted growth. User generation skyrocketed for most, but the abundance of edtech material available online has made it hard to separate the wheat from the chaff. And while it was a challenging year for some, 2021 promises bright horizons for those who endured.<\/p>\n<p><strong>By the numbers:<\/strong> Globally, the sector attracted USD 16.1 bn in venture capital funding in 2020, <a href=\"https:\/\/www.holoniq.com\/notes\/16.1b-of-global-edtech-venture-capital-in-2020\/\">according to education market intelligence firm HolonIQ<\/a>. Five investments were made in Egyptian edtech startups, three of which were linked to Nahdet Misr for Publishing\u2019s corporate VC arm <a href=\"https:\/\/www.nahdetmisr.com\/about\/edventures\/\">Edventures<\/a>, our numbers say. Edventures focuses on education, culture and innovative learning solutions, and boasts a portfolio of eight startups, three of which are mentioned below. Edventures is looking to invest into 5-7 more startups in 2021, with a ticket size of up to USD 200k and possible follow-on funding.<\/p>\n<p><strong>Trend #1- Covid shifted local edtech focus from management systems to tutoring. <\/strong>\u201cBefore covid, the trend was headed towards learning management systems (LMS) and school management systems (SMS),\u201d Maged Harby, general manager of Edventures, told us. \u201cAfter covid, the trend turned towards tutoring, due to the schools closing their physical classrooms,\u201d Harby added.<\/p>\n<p><strong>Trend #2- In-person services moved online, with users not far behind: <\/strong>Local startup <a href=\"https:\/\/www.eyouthegypt.com\/\">eYouth<\/a> certifies trainers in-house and licences them to provide B2B and B2C training on topics including entrepreneurship, personal skills and career development. It prides itself on its reach across Egypt, with 75% of its 230k website users located outside Cairo. As covid forced people online, eYouth saw users follow suit. It enabled those who wouldn\u2019t have been able to physically attend the training sessions to do so online, co-founder and CEO Mustafa Abdullatif said.<\/p>\n<p><strong>Trend #3- Global travel restrictions had to be maneuvered: <\/strong>Before the pandemic, online platform <a href=\"https:\/\/www.marj3.com\/en\">Marj3<\/a> mainly focused on helping students in MENA find and land scholarships for universities abroad. When covid hit, it launched two additional streams: A tool to help potential students reach universities they\u2019re interested in, and massive open online courses (MOOCs), according to founder Sami Al Ahmad.<\/p>\n<p><strong>But not everyone had to pivot due to the pandemic \u2014 if they were already where they needed to be.<\/strong> For online digital learning platform <a href=\"https:\/\/otocourses.com\/home\">OTO courses<\/a>, which has been online since 2017, the pandemic didn\u2019t change its operations or its plans for development, founder and CEO Tarek Nour El Deen told us. Instead, the effect of covid-19 was more evident in the increased acceptance of online learning as a tool, he said. OTO provides a range of specialized and general one-to-one courses, mainly focused on teaching English.<\/p>\n<p><strong>Trend #4- For those who were already online, the pandemic put their growth on steroids. <\/strong><\/p>\n<p><strong>Exhibit A:<\/strong> Book summary app <a href=\"https:\/\/bit.ly\/3pHQvpW\">Akhdar<\/a>, operating online since its inception, was not negatively affected by the shift. On the contrary: It was able to grow its team to 57 people, who all work remotely, and provide over 1k book summaries.The startup provides audio and video summaries of books in over 16 genres. Akhdar\u2019s 300k app users and 150k monthly website visitors \u2014 of which only 25% are Egyptian \u2014 listen to or watch over 7 mn book summaries a month. The startup recently raised a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/7734113b-6240-4571-8c5e-d522fd827cdd\">six-figure investment round from Edventures<\/a>, which it will use to enhance its user experience and expand its library.<\/p>\n<p><strong>Exhibit B:<\/strong> The highest number of monthly enrolled trainees in eYouth reached 30k in 2020, up from 5k pre-covid. In total, the startup\u2019s user base soared 75% year-on-year, and the company also provided programs for 7.5k people in KSA. With investments totaling USD 500k, eYouth is currently raising a series A round of USD 3.5 mn to launch a platform that has recorded educational, unaccredited programs and training programs for a flat rate subscription fee. The premium service of the platform is a set of accredited content, trainers and certificates, as well as live training sessions.<\/p>\n<p><strong>Trend #5- Covid also increased user demand from B2B businesses. <\/strong>Until September 2020, B2B clients were focused on keeping their heads above water and put most of their planned investments in skill development and education on hold. It was only after that point that demand skyrocketed: These businesses achieved growth that would have normally taken two years over the course of just a few months, co-founder and CCO of Arabic learning and development platform <a href=\"https:\/\/zedny.com\/\">Zedny<\/a> Basil Khattab said. Zedny\u2019s customer base has been steadily expanding in tandem with the rising interest in integrating e-learning solutions in companies\u2019 learning and development departments, he said.<\/p>\n<p><strong>Across the board, B2C user generation was easier in 2020. <\/strong>With 25k learners in total, OTO Courses doubled its user base, number of sessions held and number of teachers in 2020, and brought its investment total to over USD 300k. In 2021, OTO Courses is looking to launch its mobile app, invest more in its technology, add more online interaction tools, and grow its user base 2-3x. Getting over 1k new signups a day, Marj3\u2019s platform boasts around 2.5 mn visitors a month \u2014 a number it\u2019s planning to double to 5 mn this year. A boost in educational entities paying the platform to be positioned on the website helped the startup increase its revenues 10x in 2020.<\/p>\n<p><strong>But the global shift also caused some problems.<\/strong> \u201cAfter people have been intensively seeking online training opportunities for three or four quarters, they moved away from the concept due to bad experiences,\u201d OTO\u2019s Nour El Deen said. The increasing awareness about online learning and number of online courses have affected the overall quality of online learning, prompting users to grow tired of poorly conducted courses.<\/p>\n<p><strong>Covid has reduced e-learning to a series of Zoom calls, lessening student engagement. <\/strong>This trend, in Khattab\u2019s opinion, coupled with unsatisfactory internet connectivity across the country made the experience worse than it would have been in a physical classroom setting. The AI-powered platform uses online courses and animated video summaries of global business bestsellers to set employees, managers and individuals on a designated career learning path, tackling behavioral, social and business knowledge, as well as office and digital tools.<\/p>\n<p><strong>Whichever way you take it, online platforms will probably continue to be part of the education play from now on. <\/strong>Marj3\u2019s Al Ahmad believes that universities will never be able to go back to a 100% campus-led life. However, the lack of local investment in edtech solutions still haunts the sector. \u201cMost potential investors in the sector come from abroad, and there is an obvious post-seed funding gap in the market,\u201d he explained.<\/p>\n<p><strong>Nonetheless, 2021 seems to be promising for edtech startups. <\/strong>Dubbing it as Marj3\u2019s harvest year, Al Ahmad plans to further 10x the company\u2019s revenues, after conducting several improvement exercises on the platform. \u201cMore growth, more partners, more employees,\u201d he said of the company\u2019s plans for 2021. Zedny is looking at a potential series A investment round. The platform is now planning to leverage on the influx of B2C requests, after having mainly focused on B2B in 2020.<\/p>\n<p><strong>Your top education stories for the week:<\/strong><\/p>\n<ul>\n<li><strong>Thanaweya Amma exam results: <\/strong>First and second year Thanaweya Amma students <a href=\"https:\/\/www.almasryalyoum.com\/news\/details\/2292968\">will be getting<\/a> their mid-term test results today.<\/li>\n<li><strong>The UK\u2019s King\u2019s College is coming to Cairo:<\/strong> Palm Hills Development (PHD) <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/20943176-100d-488a-9d94-017709330951\">has partnered<\/a> with multinational schools operator Inspired Education Group to open a King\u2019s College branded British school in The Crown compound in West Cairo.<\/li>\n<li><strong>Education and health spending <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d15c184c-b6a0-4eda-afd1-3d0695707906\">are set to increase<\/a><\/strong><strong> next fiscal year <\/strong>as the government continues to roll out its universal healthcare scheme in more governorates.<\/li>\n<li><strong>More than 300 Egyptian students will study masters programs at the University of Ottawa<\/strong> in Computer Engineering with a specialization in AI, data science, the Internet of Things and robotics, under an MoU <a href=\"http:\/\/bit.ly\/3vHAV0N\">signed<\/a> between the Information Technology Industry Development Agency and the Canadian university. <\/li>\n<\/ul>\n\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\/edtech\/\">edtech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/eyouth\/\">EYouth<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/egypt\/tag\/marj3\/\">Marj3<\/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\/zedny\/\">Zedny<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n\r\n                    <\/div>\r\n                <\/div>\r\n            <\/div>\r\n            <div class=\"wp-block-column\" style=\"flex-basis:19.8%\"><\/div>\r\n        <\/div>\r\n    <\/div>\r\n<\/div>\n<section id=\"561023\" 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\/2021\/03\/22\/your-essential-business-calendar-on-22-march-2021\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-561023\" class=\"content-area-description single-story post-561023 post type-post status-publish format-standard hentry category-calendar tag-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>March: Potential visit to Cairo by Russian President Vladimir Putin.<\/p>\n<p>23 March (Tuesday): The second edition of the <a href=\"https:\/\/tinyurl.com\/vf98kbgf\">Egypt Retail Summit<\/a> takes place at the Nile Ritz Carlton hotel.<\/p>\n<p>23 March (Tuesday): The British-Egyptian Business Association (BEBA) virtual conference on sustainable manufacturing in Africa.<\/p>\n<p>23 March (Tuesday): AUC Women on Boards Observatory event to launch 2020 annual monitoring report.<\/p>\n<p>25-27 March (Thursday-Saturday): <a href=\"https:\/\/www.therealgate.com\/visit\/register-your-interest-to-visit\/\">The Real Gate real estate exhibition<\/a>, Egyptian International Exhibition Center, Cairo.<\/p>\n<p>29-30 March (Monday-Tuesday): <a href=\"https:\/\/arab-exchanges.org\/conference\/\">Arab Federation of Exchanges Annual Conference<\/a> 2021.<\/p>\n<p>31 March (Wednesday): Deadline to visit the moroor and get an RFID sticker affixed to your car\u2019s windshield \u2014 or run afoul of the Traffic Police.<\/p>\n<p>31 March (Wednesday): Income tax deadline for individuals. Real estate tax deadline.<\/p>\n<p>1-3 April (Thursday-Saturday): <a href=\"http:\/\/hvacregypt.com\/\">HVAC-R Egypt Expo<\/a>.<\/p>\n<p>6 April (Tuesday): French Chamber of Commerce and Industry in Egypt working breakfast with Sovereign Fund of Egypt CEO Ayman Soliman.<\/p>\n<p>7 April (Wednesday): British-Egyptian Business Association (BEBA) webinar on digital banking and fintech.<\/p>\n<p>8-10 April (Thursday-Saturday): The TriFactory\u2019s Endurance Festival at Somabay.<\/p>\n<p>13 April (Monday): First day of Ramadan (TBC).<\/p>\n<p>25 April (Sunday): Sinai Liberation Day.<\/p>\n<p>29 April (Thursday): National holiday in observance of Sinai Liberation Day (TBC),<\/p>\n<p>29 April (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1 May (Saturday): Labor Day (national holiday).<\/p>\n<p>2 May (Sunday): Easter Sunday.<\/p>\n<p>3 May (Monday): Sham El Nessim.<\/p>\n<p>13-15 May (Thursday-Saturday): Eid El Fitr (TBC).<\/p>\n<p>25-28 May (Tuesday-Friday): The World Economic Forum annual meeting, Singapore.<\/p>\n<p>1 June (Tuesday): The IMF will conduct a second review of targets set under the USD 5.2 bn standby loan approved in June 2020 (proposed date).<\/p>\n<p>7-9 June (Monday-Wednesday): <a href=\"https:\/\/www.egyps.com\/\">Egypt Petroleum Show<\/a>, Egypt International Exhibition Center, New Cairo, Egypt.<\/p>\n<p>17 June (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>17-20 June (Thursday-Sunday) : The International Exhibition of Materials and Technologies for Finishing and Construction (<a href=\"https:\/\/turnkeyexhibition.com\/\">Turnkey Expo<\/a>), Cairo International Conference Center.<\/p>\n<p>24 June (Thursday): End of the 2020-2021 academic year (public schools).<\/p>\n<p>26-29 June (Saturday-Tuesday): <a href=\"https:\/\/www.thebig5constructegypt.com\/?utm_source=Adestra&utm_medium=email&CID=003D000002UIHn4IAH&utm_campaign=Egyp%5Bt%20postponement%20generic%20exp%20visp&utm_term&utm_content=7014G000001cG3zQAE&CNAME=Enterprise\">The Big 5 Construct Egypt<\/a>, Cairo International Convention Center, Cairo, Egypt.<\/p>\n<p>30 June (Wednesday): 30 June Revolution Day.<\/p>\n<p>30 June- 15 July: National Book Fair.<\/p>\n<p>1 July: (Thursday): National holiday in observance of 30 June Revolution.<\/p>\n<p>1 July (Thursday): Large taxpayers that have not yet signed on on to the e-invoicing platform <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/61c78b1b-ec60-46e8-9760-c995c81f34b9\">will suffer a host of penalties<\/a>, including removal from large taxpayer classification, losing access to government services and business, and losing subsidies.<\/p>\n<p>19 July (Monday): Arafat Day (national holiday).<\/p>\n<p>20-23 July (Tuesday-Friday): Eid Al Adha (national holiday)<\/p>\n<p>23 July (Friday): Revolution Day (national holiday).<\/p>\n<p>5 August (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>9 August (Monday): Islamic New Year.<\/p>\n<p>12 August (Thursday): National holiday in observance of the Islamic New Year.<\/p>\n<p>16 September (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>30 September-2 October (Thursday-Saturday): <a href=\"https:\/\/www.egypt-projects.com\/\">Egypt Projects 2021<\/a> expo, Egypt International Exhibition Center, Cairo, Egypt.<\/p>\n<p>1 October (Friday): <a href=\"https:\/\/www.expo2020dubai.com\">Expo 2020 Dubai<\/a> opens.<\/p>\n<p>6 October (Wednesday): Armed Forces Day.<\/p>\n<p>7 October (Thursday): National holiday in observance of Armed Forces Day.<\/p>\n<p>18 October (Monday): Prophet\u2019s Birthday.<\/p>\n<p>21 October (Thursday): National holiday in observance of the Prophet\u2019s Birthday.<\/p>\n<p>28 October (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>1-12 November (Monday-Friday): <a href=\"https:\/\/ukcop26.org\/\">2021 United Nations Climate Change Conference<\/a> (COP26), Glasgow, United Kingdom.<\/p>\n<p>13-17 December: <a href=\"http:\/\/english.ahram.org.eg\/NewsContent\/1\/64\/396604\/Egypt\/Politics-\/Egypt-to-host-UN-anticorruption-conference-in-.aspx\">United Nations Convention against Corruption<\/a>, Sharm El Sheikh, Egypt.<\/p>\n<p>16 December (Thursday): The CBE\u2019s Monetary Policy Committee will meet to review interest rates.<\/p>\n<p>27 June - 3 July 2022 (Monday-Sunday): <a href=\"https:\/\/www.insidethegames.biz\/articles\/1103867\/fisu-world-university-squash-new-giza\">World University Squash Championships<\/a>, New Giza.<\/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 below between the actual holiday and its observance.<\/p>\n\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":560998,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-560997","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"6053a877-487e-4238-acdf-2fa212e8bea2","teaser":"","photo_url":"https:\/\/ent.news\/2021\/3\/266.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>How Actis is doubling down on investment in physical infrastructure. - 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\/issues\/how-actis-is-doubling-down-on-investment-in-physical-infrastructure\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Actis is doubling down on investment in physical infrastructure.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/issues\/how-actis-is-doubling-down-on-investment-in-physical-infrastructure\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-16T03:07:51+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/3\/266.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\/issues\/how-actis-is-doubling-down-on-investment-in-physical-infrastructure\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/issues\/how-actis-is-doubling-down-on-investment-in-physical-infrastructure\/\",\"name\":\"How Actis is doubling down on investment in physical infrastructure. - 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