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Wednesday, 21 November 2018

What we’re tracking this week and beyond

SWF bylaws and articles coming soon: Officials will meet on Thursday to look into the “nearly complete” bylaws and articles governing Egypt’s upcoming sovereign wealth fund, Planning Minister Hala El Said said, according to Al Mal.

Pitch for a spot in Fintech Cairo: Pharos’ Pride Capital has launched Fintech Cairo in partnership with global seed program organizer Startup Bootcamp, along with Pride Capital has launched. The six-month accelerator program will select 10 companies from a pool of applicants. Our friends at Pharos Holding, along with Bank of Alexandria and the German development agency GIZ, are proud supporters and sponsors of the program. You can submit applications here. The deadline for submissions is the 31 December.

Consumer finance panel discussion: The French Chamber of Commerce and Industry is hosting a panel discussion on consumer finance in Egypt. The event takes place Monday, 3 December from 6-8pm at the Fairmont Hotel Nile City. Speakers will include former Financial Regulatory Authority boss Sherif Samy, EFG Hermes Finance CEO Walid Hassouna and Shalakany Law Office senior partner Aly El Shalakany. You can check out the agenda for the event here (pdf).

Also in the pipeline:

  • Amendments to the Real Estate Registry Act will be introduced in the House this week;
  • Egypt and Ethiopia will start talks within two weeks on “unresolved” issues stemming from the Grand Ethiopian Renaissance Dam (GERD);
  • The government is due to announce “soon” the date of its first auction of up to 10 mn sqm of ‘unused’ state land;
  • Cabinet is set to “soon” unveil a comprehensive development and infrastructure strategy for Sinai.

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