Back to the complete issue
Thursday, 19 April 2018

Educational reform, Consumer Protection Act, Land reclamation

It was another night of miscellany on the airwaves, with topics ranging from educational reform, to the Consumer Protection Act, and the state’s land reclamation campaign.

The executive regulations for the Consumer Protection Act will be issued in three months’ time, after President Abdel Fattah El Sisi ratifies the bill, Consumer Protection Authority boss Atef Yacoub said. Somehow, Smileyface believes that a law that gives him the power to impose price controls will attract foreign investment, he told Masaa DMC’s Osama Kamal (watch, runtime: 11:13).

Education Minister Tarek Shawky will be one of the signatories on the World Bank’s USD 500 mn loan agreement to support Egypt’s education reform strategy, which should take place on 20 April. He told Kamal that the disbursal of the loan will be tied to progress on the strategy, noting that it only covers a quarter of the total cost of USD 2 bn (watch, runtime: 12: 47).

The committee tasked with reclaiming state owned land has so far recovered EGP 4 bn-worth of assets, according to spokesperson Ahmed Ayoub, who told Al Hayah Al Youm’s Tamer Amin that the committee is currently sifting through some 61,000 requests from people looking to legalize their ownership status (watch, runtime: 2:43). The deadline for seeking legalization was extended to 14 June from 14 March to allow people more time to finalize their paperwork, Local Administration Minister Abu Bakr El Gendi said (watch, runtime: 5:01).

Boeing is set to attend Egypt’s Defense Expo in December this year, Ittihadiya spokesperson Bassam Rady also told Amin in commentary on the President’s meeting yesterday with Boeing International President Marc Allen and Orange Egypt CEO Stephane Richard (watch, runtime: 6:45).

Last but not least, Conative Labs walked away with a EGP 100k prize from CIB on last night’s Hona Al Shabab Competition with Lamees Al Hadidi, for their water quality measuring system Nilebot. Imaginators and Happiana came in second and third place, respectively (watch, runtime: 3:21).

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.