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Sunday, 18 December 2022

GAFI has a new CEO

Hossam Heiba (LinkedIn) was appointed CEO of the General Authority for Investment and Free Zones (GAFI) by Prime Minister Mostafa Madbouly, according to a cabinet statement. Heiba was previously the vice chairman and managing director of Egypt Post’s investment arm. He succeeds Mohamed Abdel Wahab (LinkedIn), who has headed up GAFI since 2019.

Bassel Rahmy (LinkedIn) was appointed CEO of the government’s Micro, Small, and Medium Enterprises Development Agency (MSMEDA) for a one-year term starting 1 January 2023, according to a cabinet statement. Rahmy has some 20 years of experience in the banking sector with a focus on SMEs and microfinance, including 13 years in retail and SME banking at Alexbank. He succeeds former trade minister Nevine Gamea, who will not see out the rest of her term, which was due to expire in July 2023. The statement did not provide information about why Gamea had exited the role early. She had been at the helm of MSMEDA since 2017.

Mouawia Essekelli (LinkedIn) was appointed managing director and board member at Attijariwafa Bank Egypt, Al Mal reports, succeeding Hicham Seffa (LinkedIn). Essekelli has 30 years of banking experience, including 17 years in leadership roles at the Attijariwafa Group across Europe and Morocco. He most recently served as president of Wafacash, the bank’s money transfer subsidiary.

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