Making It

Making It is a weekly discussion with CEOs and founders who are building great businesses right here in Egypt. Each season will be a masterclass exploring how visionary CEOs are building strategy, dealing with conflict, figuring out how to scale up, and staying ahead of the competition. You’ll hear the origin story of hot startups, how family-owned businesses are institutionalizing, and the strategies publicly traded giants are using to transform themselves into the next generation of Egyptian multinationals. So, get ready to delve deep into the Egyptian business world and hear firsthand stories of how some of the top players are making it.

December 5, 2019

The team player: How Karim Awad has grown EFG Hermes from a regional giant into a global player

Karim Awad started at EFG Hermes as an analyst and rose to become the head of EFG’s high-profile investment banking unit — a job he held until he was tapped to run the firm as Group CEO in 2013. In an industry known for its outsized egos, Karim is Scottie Pippen, the consummate team player from the 1990s Chicago Bulls. 

In this week’s episode, Karim talks about the firm’s unique culture and how it helped him transform EFG into not just an Egyptian multinational, but a top-30 player in the global IPO market and a non-bank financial services powerhouse here at home.

** Subscribe to Making it here for https://bit.ly/35lugvb.

** Subscribe to Enterprise, our 6am briefing on business, finance and economics in Egypt (also free) at www.enterprise.press

Making It is grateful for the generous support of:

CIB, Egypt’s number-one private-sector bank and the partner of choice for CEOs and leaders of businesses at all stages of their growth stories

The United States Agency for International Development, which has a 40 year history of inspiring Egyptian success in partnership with the Government and people of Egypt.

EFG Hermes, the leading financial services corporation in frontier emerging markets helping businesses realize their full growth potential.

Links:

* EFG Hermes: EFGHermes.com

* Enterprise: Enterprise.press

* Inktank: Inktankcommunications.com

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November 28, 2019

Mr and Mrs Claus: The couple behind the killer concierge app Elves

Seeing the rapid growth of digital assistants, Abeer El Sisi and Karim El Sahy co-founded Elves in 2016, along with Ahmed Kassem. They looked at the deficiencies in current digital assistants and realized the human element was still needed. By efficiently connecting people with human assistants, Elves’ AI platform learns from these interactions and in turn becomes more efficient and better adept at connecting users with services.

In today’s episode, Abeer and Karim talk to us about the challenges of being a married couple with the lofty aim of creating the best AI-based digital concierge service provider there is. Today, Elves has over 650,000 users and is looking to close another seed round, after having broken Egypt’s seed funding record with USD 2 mn in 2017.

** Subscribe to Making it here for https://bit.ly/35lugvb.

** Subscribe to Enterprise, our 6am briefing on business, finance and economics in Egypt (also free) at www.enterprise.press.

Making It is grateful for the generous support of:

CIB, Egypt’s number-one private-sector bank and the partner of choice for CEOs and leaders of businesses at all stages of their growth stories

The United States Agency for International Development, which has a 40 year history of inspiring Egyptian success in partnership with the Government and people of Egypt.

EFG Hermes, the leading financial services corporation in frontier emerging markets helping businesses realize their full growth potential.

Links:

* Elves: elvesapp.com

* Enterprise: Enterprise.press

* Inktank: Inktankcommunications.com

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November 22, 2019

Back from the brink: How Gourmet Egypt survived the float of the EGP

After a ten-year run leading a high-end retailer of imported food in Egypt, Jalal Abu Ghazaleh nearly fell off a cliff when the devaluation of the EGP saw prices skyrocket, inflation go through the roof — and an effective ban on imports put in place.

In today’s episode, Jalal talks with us about how he built the business from a one-desk meat importer into a retail powerhouse and an early pioneer of e-commerce — and saved his business by becoming a food manufacturer. Today, his private-equity backed business is growing nationally, looking at regional expansion and mulling prospects for an IPO sometime down the road.

** Subscribe to Making It here for free: https://bit.ly/35lugvb

** Subscribe to Enterprise, our 6am briefing on business, finance, and economics in Egypt (also free) at www.enterprise.press.

Making It is grateful for the generous support of:

CIB, Egypt’s number-one private-sector bank and the partner of choice for CEOs and leaders of businesses at all stages of their growth stories.

The United States Agency for International Development, which has a 40-year history of inspiring Egyptian success in partnership with the Government and people of Egypt.

EFG Hermes, the leading financial services corporation in frontier emerging markets helping businesses realize their full growth potential.

Links:

* Gourmet: GourmetEgypt.com

* Enterprise: Enterprise.press

* Inktank: Inktankcommunications.com

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November 20, 2019

Making It: The Introduction

Enterprise is venturing into new territory with our very first podcast, Making It, and we thought it was time to take you a little more in depth. Patrick, Enterprise’s editor-in-chief and co-founder, tells our origin story, how Enterprise came to be, and how it all led to Making It.

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November 17, 2019

Trailer

Introducing Enterprise’s first podcast series that tackles great businesses in Egypt and the stories behind them, straight from the founders and CEOs themselves.

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01. Yellow Claw & Tropkillaz - Assets feat. The Kemist
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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. © 2018 Enterprise Ventures LLC.