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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.

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