• Sunday, 19 September 2021

    E-Finance to IPO this fall

    E-Finance, the state-owned fintech platform and digital payment infrastructure provider could become the second company to IPO on the EGX this year after formally announcing its intention to go ahead with a public share sale in 4Q2021. In an intention...
  • Wednesday, 15 September 2021

    Global debt reaches record USD 300 tn -IIF

    Global debt reaches record USD 300 tn: There’s more debt around than ever before, though the debt-to-GDP ratio decreased for the first time since the pandemic on the back of a rebound in growth, according to a report by the...
  • Tuesday, 14 September 2021

    EGX could open the door for SPACs

    Egypt could be welcoming SPACs soon, after EGX boss Mohamed Farid suggested amendments to listing rules that would allow Egyptian companies to go to market while being acquired by or merging with another company. The amendments have been submitted to...
  • Wednesday, 8 September 2021

    TONIGHT: MTN’s record round + a very long list of things that should be on your Egypt calendar

    Good afternoon, everyone, and welcome to another busy newsday, with our top story being a blockbuster:THE BIG STORIES TODAY SO FAR- #1- Our friends at MNT-Halan have pulled off what we think is the biggest fintech round ever to take...
  • Wednesday, 8 September 2021

    E-Finance to IPO next month, could offer 10%

    E-Finance’s long awaited IPO could hit the market as soon as next month, unnamed government sources told Al Borsa (pdf). The state-owned e-payments company could offer around 10% for sale, according to the report said, though this is subject to...
  • Tuesday, 7 September 2021

    More listings in the pipeline for Abu Dhabi’s ADX

    State-backed holding company ADQ plans to list Abu Dhabi Ports on Abu Dhabi’s ADX before the end of the year, the company announced in a statement. ADQ will list a portion of existing shares, it said, without specifying a stake,...
  • Tuesday, 7 September 2021

    TONIGHT: It’s a slow afternoon for news in Egypt

    Happy hump day, ladies and gents. We hope you (and the kids) are excited that we’re now on the downhill slide into the weekend — and the start of the school year on Sunday. As one of the smartest guys...
  • Sunday, 5 September 2021

    TONIGHT: El Sisi talks vaccines for minors, covid-19 fourth wave + Freshly baked croissant at Miette

    Summer is well and truly done with, ladies and gentlemen, as the newsflow moves from a trickle to a shower at the beginning of the month. THE BIG STORIES TODAY SO FAR-#1 Egypt’s non-oil private sector shrank again in August,...
  • Sunday, 5 September 2021

    ACWA Power announces Tadawul IPO

    Saudi renewable energy giant ACWA Power announced its intention to IPO on the Saudi stock exchange in a statement (pdf) Thursday. The kingdom’s capital market regulator in June gave it the go-ahead to list 81.2 mn shares on the exchange,...

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt; Hassan Allam Properties (tax ID:  553-096-567), one of Egypt’s most prominent and leading builders; and Saleh, Barsoum & Abdel Aziz (tax ID: 220-002-827), the leading audit, tax and accounting firm in Egypt.