{"id":601303,"date":"2019-02-25T03:38:51","date_gmt":"2019-02-25T03:38:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/"},"modified":"2019-02-25T03:38:51","modified_gmt":"2019-02-25T03:38:51","slug":"what-are-investors-telling-renaissance-capital-about-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/","title":{"rendered":"What are investors telling Renaissance Capital about Egypt?"},"content":{"rendered":"

<\/a> What are investors telling Renaissance Capital about Egypt? A lot of good things<\/b>, according to the EM-focused investment bank\u2019s CEO for North Africa, Amr Helal. We sat down with him last week following RenCap\u2019s Egypt Investor Trip to Cairo on 11-13 February. The trip saw global fund managers with total AUM of c. USD 70 bn meet face-to-face with more than 20 companies. Excerpts from our conversation:<\/p>\n

The trip went very well on the corporate side, the investor-side, as well as the stakeholder side<\/b>, which included the Finance Ministry and the CBE. The overall sentiment has been positive. and it\u2019s not just from the equity investors but our bond investors, too. Positives they brought up include the Egypt macro story and the eurobond issuances. They were also impressed with the quality of the corporates and how well businesses have been doing.<\/p>\n

The most common questions we got from investors?<\/b> \u201cHow well are the reforms going? What are the expectations around the government privatization program? What are the expectations around potential interest rate cuts, inflation, and where the currency is expected to land?\u201d They are asking the right questions. They want to get the feel for how well businesses are doing. Things such as what\u2019s happening in terms of the recovery of consumer spending. What are companies doing to navigate the new market reality? When do they expect companies to start investing in CAPEX?<\/p>\n

On a macro level, the most common concern tends to be around the sustainability of reforms<\/b> in light of the changing global backdrop.<\/p>\n

We expect interest rates to come down in 2019.<\/b> After the rate-cutting cycle resumed in February, we expect at least another 100 bps rate cut to 15.75% this year, with further rate cuts in 2020 when inflation falls to single digits in a sustainable way.<\/p>\n

Based on our in-house numbers, we can probably expect the exchange rate to average EGP 17.60-17.80 this fiscal year.<\/b> The EGP has strengthened against the USD and that was driven in January by positive inflows into the t-bill market. You had USD 2-3 bn of positive inflows, reversing months of decline. Obviously, tourism has picked up a bit from a low base. Remittances from Egyptians living abroad continue to be very strong.<\/p>\n

Does Egypt need to go back to the IMF for another round of funding? <\/b>That\u2019s obviously a decision for the government. But I think the program will come to an end and not be renewed and I don\u2019t think Egypt needs to or will go back to the IMF for another round of funding. But the relationship might continue in the form of regular engagement with the IMF, or something along those lines. This is something that investors would welcome, and some have broached the topic of having some form of continued engagement with the IMF.<\/p>\n

On the wider economy, I expect Egypt to continue to perform strongly this year, especially with further interest rate cuts to come in 2H2019.<\/b> The government is projecting GDP growth of 5.6% in FY2018-19. Hopefully, the rate cuts should spur corporates to start investing for the long term. Other factors we see as continuing to drive growth include the gradual recovery in consumer spending, the recovery in tourism and other sources of FX, and obviously Egypt having a net surplus of gas production as well.<\/p>\n

FDI is the missing component for Egypt: <\/b>We need to ask ourselves, on a macro level, what\u2019s the missing component in Egypt\u2019s value proposition? We are good at attracting investors in terms of portfolio inflows and fixed income investors. What has been thus far lacking is the ability to attract longer-term foreign direct investment (FDI) outside the oil and gas industry.<\/p>\n

Egypt ranks high on top of the list of economies that we cover in terms of macro development and investment opportunities.<\/b> And again, this is driven by the success of the reform program, which has put the economy on a solid growth path There is a pipeline of potential transactions that should be coming to the market this year and next year, either through the government\u2019s privatization program or private companies looking to access capital markets.<\/p>\n

When will the privatization program restart? <\/b>I would argue that it already has started. Today, you have a number of companies that have already been picked and mandated, and banks have been working on them for quite some time. I think the next step is to start bringing those companies to market and that will depend on market conditions moving in the right direction.<\/p>\n

I think the IPO outlook this year is very good<\/b>, especially with the number of private and public sector listings coming to market in 2019 and 2020. There is a number of quality and sizeable offerings which should be a boost to the market. Hopefully we should see increased investor interest driven by the quality as well as the size of the issuances.<\/p>\n

We\u2019ll continue to see M&A driven by both strategic and financial interest across a multitude of sectors<\/b>, but especially around consumer stories. This includes healthcare, education, non-banking financial services, food and beverages, etc. I think we\u2019ll see a good M&A pipeline this year.<\/p>\n

Consumer-facing sectors will continue to outperform this year.<\/b> I would add the industrial sector, as these benefit from a number of key characteristics in terms of their ability to export and compete. I don\u2019t see a certain sector that is likely to underperform.<\/p>\n

On the emerging markets front,<\/b> I think that the US Federal Reserve\u2019s less aggressive stance on interest rate hikes has definitely helped sentiment around EM. With the current Fed signaling, there has been a recovery in emerging markets and investors are again deploying capital and we clearly see that year-to-date in the solid performance of emerging markets.<\/p>\n

Cautiously optimistic that there won\u2019t be another EM zombie apocalypse: <\/b>At the end of the day, we are cautiously optimistic. It\u2019s a wait-and-see game. There are a number of significant uncertainties in the global economy \u2014 the US-China trade war, Brexit, softening of growth in China \u2014 and these are all global factors that affect sentiment and impact how markets perform.<\/p>\n

As far as other emerging markets are concerned, we like strong growth. <\/b>We think South Africa can get a lift assuming the President Cyril Ramaphosa does well in this year\u2019s elections. Pakistan could become a very interesting market if it gets an IMF program to support it.<\/p>\n","protected":false},"excerpt":{"rendered":"

What are investors telling Renaissance Capital about Egypt? A lot of good things, according to the EM-focused investment bank\u2019s CEO for North Africa, Amr Helal. We sat down with him last week following RenCap\u2019s Egypt Investor Trip to Cairo on 11-13 February. The trip saw global fund managers with total AUM of c. USD 70 […]<\/p>\n","protected":false},"author":1,"featured_media":601304,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9417],"tags":[2259,104,115,9416,72,1982],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-601303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-enterprise-one","tag-amr-helal","tag-economy","tag-emerging-markets","tag-enterprise-one","tag-enterpriseam","tag-renaissance-capital","wpautop","entry"],"acf":{"mongo_id":"c2e00bf4-f6af-40bd-90fb-85f64e4c4a34","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2018\/10\/1665.jpg","photo_position":"above","related_issue":[601290],"teaser":"","voice_url":""},"yoast_head":"\nWhat are investors telling Renaissance Capital about Egypt? - 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\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What are investors telling Renaissance Capital about Egypt?\" \/>\n<meta property=\"og:description\" content=\"What are investors telling Renaissance Capital about Egypt? A lot of good things, according to the EM-focused investment bank\u2019s CEO for North Africa, Amr Helal. We sat down with him last week following RenCap\u2019s Egypt Investor Trip to Cairo on 11-13 February. The trip saw global fund managers with total AUM of c. USD 70 […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-02-25T03:38:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"What are investors telling Renaissance Capital about Egypt?\",\"datePublished\":\"2019-02-25T03:38:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\"},\"wordCount\":1085,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Amr Helal\",\"economy\",\"emerging markets\",\"Enterprise One\",\"EnterpriseAM\",\"Renaissance Capital\"],\"articleSection\":[\"Enterprise One\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\",\"name\":\"What are investors telling Renaissance Capital about Egypt? - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-02-25T03:38:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What are investors telling Renaissance Capital about Egypt?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"What are investors telling Renaissance Capital about Egypt? - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/","og_locale":"en_US","og_type":"article","og_title":"What are investors telling Renaissance Capital about Egypt?","og_description":"What are investors telling Renaissance Capital about Egypt? A lot of good things, according to the EM-focused investment bank\u2019s CEO for North Africa, Amr Helal. We sat down with him last week following RenCap\u2019s Egypt Investor Trip to Cairo on 11-13 February. The trip saw global fund managers with total AUM of c. USD 70 […]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-02-25T03:38:51+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"What are investors telling Renaissance Capital about Egypt?","datePublished":"2019-02-25T03:38:51+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/"},"wordCount":1085,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1","keywords":["Amr Helal","economy","emerging markets","Enterprise One","EnterpriseAM","Renaissance Capital"],"articleSection":["Enterprise One"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/","name":"What are investors telling Renaissance Capital about Egypt? - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1","datePublished":"2019-02-25T03:38:51+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/25\/what-are-investors-telling-renaissance-capital-about-egypt\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"What are investors telling Renaissance Capital about Egypt?"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":548638,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/08\/16\/ci-capital-appoints-new-investment-bank-sell-side-ceo\/","url_meta":{"origin":601303,"position":0},"title":"CI Capital appoints new investment bank sell-side CEO","author":"enterpriseam admin","date":"16 August 2022","format":false,"excerpt":"CI Capital has appointed Amr Helal (LinkedIn) as sell-side CEO of its investment bank, according to a press release (pdf). With over two decades of experience in the industry, Helal will oversee the group\u2019s investment banking, securities brokerage and equity research business. Helal joins CI Capital from Renaissance Capital, where\u2026","rel":"","context":"In "Moves"","block_context":{"text":"Moves","link":"https:\/\/enterpriseam.com\/egypt\/category\/newsmakers\/moves\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":563334,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/06\/28\/only-10-egx-companies-are-attractive-to-foreign-investors-says-rencap\/","url_meta":{"origin":601303,"position":1},"title":"Only 10 EGX companies are attractive to foreign investors, says RenCap","author":"enterpriseam admin","date":"28 June 2021","format":false,"excerpt":"Only 10 EGX-listed companies have the market cap and liquidity to be really attractive to foreign investors, Amr Helal, Renaissance Capital\u2019s North Africa CEO, said at a conference yesterday, according to Al Shorouk.Among the top of the list: Speaking at the Portfolio Egypt 2021 conference, Helal named leading private-sector bank\u2026","rel":"","context":"In "Capital markets"","block_context":{"text":"Capital markets","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/capital-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/6\/343.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556367,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/24\/e-finance-shares-soar-50-in-egx-debut-company-looks-to-ma-launch-of-e-health-platform\/","url_meta":{"origin":601303,"position":2},"title":"e-Finance shares soar 50% in EGX debut, company looks to M&A, launch of e-health platform","author":"enterpriseam admin","date":"24 October 2021","format":false,"excerpt":"e-Finance shares jump 50% in EGX debut: Shares in state-owned fintech platform and payment infrastructure provider e-Finance jumped 50% in their trading debut on the EGX last Wednesday. Trading under the ticker EFIH, the company rose as much as 79% to EGP 25 per share during the session before closing\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/ipo-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/10\/237.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573093,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/20\/egypts-economy-is-on-track-to-grow-this-fiscal-year-but-needs-to-keep-an-eye-on-egp-flexibility-industrial-investment-rencap\/","url_meta":{"origin":601303,"position":3},"title":"Egypt\u2019s economy is on track to grow this fiscal year, but needs to keep an eye on EGP flexibility + industrial investment \u2013RenCap","author":"enterpriseam admin","date":"20 July 2020","format":false,"excerpt":"EXCLUSIVE- Egypt\u2019s economy is on track to grow this fiscal year, but needs to keep an eye on EGP flexibility + industrial investment \u2013RenCap: Renaissance Capital is maintaining its expectations that Egypt will manage to eke out growth this fiscal year at around the same rate as FY2019-2020, thanks partly\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/7\/156.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622928,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/16\/our-sitdown-with-renaissance-capitals-newly-appointed-ceo-for-north-africa-amr-helal\/","url_meta":{"origin":601303,"position":4},"title":"Our sitdown with Renaissance Capital\u2019s newly-appointed CEO for North Africa Amr Helal","author":"enterpriseam admin","date":"16 October 2018","format":false,"excerpt":"** #8 Meet Renaissance Capital\u2019s new CEO for North Africa, Amr Helal: Amr Helal (LinkedIn) has been appointed CEO for North Africa at Renaissance Capital, the company announced yesterday morning (pdf). Helal will be taking on the duties of outgoing CEO for MENA and head MENA equities \u2014 and longtime\u2026","rel":"","context":"In "Enterprise One"","block_context":{"text":"Enterprise One","link":"https:\/\/enterpriseam.com\/egypt\/category\/enterprise-one\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2018\/10\/1665.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575171,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/05\/egypts-efia-taps-moharam-helal-as-chairman-succeeding-farid-khamis\/","url_meta":{"origin":601303,"position":5},"title":"Egypt\u2019s EFIA taps Moharam Helal as chairman, succeeding Farid Khamis","author":"enterpriseam admin","date":"5 October 2020","format":false,"excerpt":"MOVES- The Egyptian Federation of Investors Associations (EFIA) has tapped Moharam Helal as its chairman, succeeding the late Mohamed Farid Khamis, who passed away in the US last month, according to a local press report. The federation\u2019s board has also been reshuffled to include Farid Khamis\u2019 eldest daughter, Yasmine, as\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=601303"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/601303\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/601290"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/601304"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=601303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=601303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=601303"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=601303"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=601303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}