{"id":630396,"date":"2018-04-19T03:50:13","date_gmt":"2018-04-19T03:50:13","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/19\/correction-16\/"},"modified":"2018-04-19T03:50:13","modified_gmt":"2018-04-19T03:50:13","slug":"correction-16","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/19\/correction-16\/","title":{"rendered":"Correction"},"content":{"rendered":"<p><strong>CORRECTION-<\/strong> The healthcare fund of emerging markets private equity firm Abraaj that has recently been in the news amid allegations that funds may have been inappropriately used does not invest in Egypt and is, in fact, managed by a separate team. The fund in question has invested in both Sub-Saharan Africa and South Asia and has nothing to do with North Africa. Our reference to Egypt in our pickup yesterday of the latest Financial Times story on the issue has been corrected on our website. H\/t Ahmed B. And Omar I.<\/p>\n<p><strong>*** SMART PEOPLE WANTED.<\/strong> We\u2019re hiring at both Enterprise and at our parent company, Inktank. We\u2019re looking for critical thinkers who have outstanding English-language writing skills. Don\u2019t apply if you are not (at an absolute minimum) unafraid of numbers. We offer a great, casual work environment, the opportunity to work with smart people who care about what they do, and plenty of intellectual challenge. You\u2019ll do your best work here, whatever your profession is. <a href=\"https:\/\/enterprise.press\/2018\/03\/18\/inktank-enterprise-hiring\/\">Check out the open positions<\/a>, from creative director to reporter, from Enterprise editor to senior investor relations advisor at Inktank.***<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CORRECTION- The healthcare fund of emerging markets private equity firm Abraaj that has recently been in the news amid allegations that funds may have been inappropriately used does not invest in Egypt and is, in fact, managed by a separate team. The fund in question has invested in both Sub-Saharan Africa and South Asia and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-630396","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"9a2ae366-267f-47c0-9d22-94d507b969f5","order":"0","is_powered_by":true,"section_story_id":"ec4b74e5-8428-4aaf-9a4c-a42279d8b35a","story_type":"1","photo_url":"","photo_position":"above","related_issue":[630382],"teaser":"","voice_url":""},"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>Correction - 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\/2018\/04\/19\/correction-16\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Correction\" \/>\n<meta property=\"og:description\" content=\"CORRECTION- The healthcare fund of emerging markets private equity firm Abraaj that has recently been in the news amid allegations that funds may have been inappropriately used does not invest in Egypt and is, in fact, managed by a separate team. 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It is in fact setting up a fund to invest in Egyptian equities (the shares of publicly traded companies), rather than a PE fund (investing in privately held companies) as we said yesterday. We have\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]},{"id":626679,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/09\/correction-11\/","url_meta":{"origin":630396,"position":2},"title":"Correction","author":"enterpriseam admin","date":"9 July 2018","format":false,"excerpt":"CORRECTION- We had incorrectly noted that the tax on sales revenues for every company operating in Egypt to fund the Universal Healthcare Act was 0.0025%. The correct value for the tax was 0.25%. The story has since been corrected on our website.","rel":"","context":"In &quot;Speed Round&quot;","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":[]},{"id":601864,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/12\/correction-royal-ceramica-is-targeting-exports-to-africa-but-not-investing-in-morocco\/","url_meta":{"origin":630396,"position":3},"title":"Correction: Royal Ceramica is targeting exports to Africa, but not investing in Morocco","author":"enterpriseam admin","date":"12 March 2019","format":false,"excerpt":"CORRECTION- Contrary to a report in the domestic press that we noted in yesterday\u2019s edition, Royal Ceramica is not pursuing an EUR 12 mn investment in Morocco. Royal Ceramica CEO Hossam El Sallab reached out yesterday to let us know that the company is not investing in manufacturing facilities \u201cin\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":[]},{"id":593913,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/14\/azimut-to-set-up-egypt-focused-equity-fund-before-end-of-2019\/","url_meta":{"origin":630396,"position":4},"title":"Azimut to set up Egypt-focused equity fund before end of 2019","author":"enterpriseam admin","date":"14 October 2019","format":false,"excerpt":"Azimut to set up Egypt-focused equity fund: Italy-based asset manager Azimut Group has completed the procedures to establish a fund to invest in publicly-traded Egyptian companies, Managing Director Ahmed Abu Saad told the local press. 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