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Wednesday, 29 November 2017

What we’re tracking on 29 November 2017

Unless you work in retail, today is the last day of the work week. Banks, the EGX, the finance industry, most manufacturers and the public sector will be closed in observance of Prophet Muhammad’s birthday, which officially falls on Friday 1 December.

The end of the “chequebook era” of government: Today is the last on which government employees will be paid by cheque or cash before it moves to an electronic payment mechanism tomorrow, Finance Minister Amr El Garhy confirmed at a press conference yesterday, Al Mal reports. The move comes in accordance with the National Payments Council’s decisions from its inaugural meeting June to move the government to e-payments. That includes banning all state bodies from making cash payments or payments using bank cheques for amounts over EGP 20,000 to private sector entities for a trial period running through 1 July 2018.

What Women Want magazine is hosting a Women’s Entrepreneurship Day event today running from 9am-5pm at the Steigenberger Hotel in Tahrir Square. It features a host of keynote speakers, including designer Azza Fahmy, CEO and founder of natural cosmetics company Nefertari Mona Al Erian, and MO4 Network founder Amy Mowafi. You can tap or click here for the full agenda.

It’s RiseUp weekend starting tomorrow: The three-day event will include more than 150 speakers, 150 exhibiting start-ups, 50 pitches, and some 60 workshops, including “101s” and “deep dives.” Tap here for the full agenda or go straight to the workshops page.

Our friends at Flat6Labs are holding their ninth demo day on Saturday, 2 December in conjunction with RiseUp. The event kicks off at 5pm. Contact Flat6Labs for more.

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.

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