Back to the complete issue
Wednesday, 3 October 2018

What we’re tracking this week and beyond

Melania Trump is coming to Egypt this week as part of a trip to Africa to “promote child welfare and education.” Melania will reportedly bring up tourism opportunities while in town, the Brookings Institute’s Landry Signé said. Her visit will also take her to Kenya, Ghana, and Malawi.

Want to build a fintech business in Egypt? Pride Capital is running an event featuring our friend Simon-Kucher Egypt MD Martin Janzen and MENA Startup Bootcamp’s Todd OBrien looking at how to build a successful monetization strategy for a fintech business. Simon-Kucher works with global tech outfits including Paypal, Stripe, Uber and Evernote. The event takes place on Tuesday, 9 October at 5:30pm on the Greek Campus.

The Egypt-Romania business council will meet in Bucharest from 7-11 October, according to Al Mal.

Expect more news on the energy-hub front when the foreign ministers of Egypt, Cyprus and Greece meet in Crete on Wednesday, 10 October.

Fourth IMF review scheduled for mid-October: An IMF delegation is due in town mid-October for a review of Egypt’s progress on its reform program ahead of the disbursal of the fifth USD 2 bn tranche of the country’s extended fund facility, Finance Minister Mohamed Maait said. The IMF should complete its review by the following month, Maait said.

President Abdel Fattah El Sisi will fly to Moscow sometime this month, Russian Presidential aide Yury Ushakov said yesterday, Youm7 reports. No further details were provided, but Russian Deputy Foreign Minister Mikhail Bogdanov had also said as much last month.

The 2018 Narrative PR Summit will take place at the Four Seasons Nile Plaza on Sunday, 28 October with participants including friends ranging from the World Bank’s Mahmoud Mohieldin to US embassy spokesman Sam Werberg. The event’s website is here and its Facebook page here.

An Egyptian-Sudanese presidential summit is set to take place in Khartoum this month. A ministerial committee was expected to meet at the end of September to prepare for the summit.

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.