Back to the complete issue
Wednesday, 23 May 2018

On the horizon

Do you have an idea for a tech-enabled business idea that could make agriculture in Egypt more efficient? The World Bank may have seed funding for you. The World Bank’s “DigitalAG4Egypt” program is looking for business ideas built around logistics, value-added services, fintech relevant to agriculture, smart agriculture and natural resource management. There’s some seed funding on offer as well as access to mentorship and an accelerator / incubator program. The deadline for submissions is 1 July. Tap or click here for more information.

Upcoming milestones to watch on our march toward becoming a regional energy hub:

  • We could sign the contracts for our USD 60-70 mn grid connection project with Sudan in two weeks’ time, according to Egyptian Electricity Head Gaber El Desouky. Eight local and global players have been invited to participate in the prospective tender to develop the project;
  • Talks with Cyprus and Greece on a USD 4 bn interconnection project will kickstart within the coming month when a Cypriot delegation visits;
  • Contracts for an interconnection with Saudi Arabia could be signed by the end of June, sources say.

Egypt’s national football team will make its first appearance at the World Cup in 20 years on Friday, 15 June, with our inaugural match against Uruguay at 2:00pm CLT. The championship will kick off one day earlier in Moscow, Russia. The Pharaohs kicked off their final training camp ahead of the World Cup yesterday, Ahram Online reports.

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.