Back to the complete issue
Monday, 10 December 2018

What we’re tracking this week and beyond

The CBE will auction USD 1 bn worth of one-year T-Bills today, and will settle the auction on Tuesday, according to a CBE statement picked up by Reuters.

Arab Contractors will sign on Wednesday the final contracts to build a USD 3 bn hydroelectric dam over Tanzania’s Rufiji River, according to Ittihadiya. Arab Contractors was awarded the project, which will be financed by the Tanzanian government, in a tender in October.

Customs Act amendments will go to the House this week: The House of Representatives will discuss proposed amendments to the Customs Act this week, MP Amr El Gohary told Masrawy. The amendments, which the cabinet has preliminarily approved, would help create an expedited track for customs clearance, a ‘whitelist’ of trusted importers, and broaden the Customs Authority’s powers.

Get briefed on Egypt’s tourism reform program when Tourism Minister Rania Al Mashat speaks at AmCham on 13 December. Members and their guests may register here.

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 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; Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.