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Thursday, 7 February 2019

What we’re tracking on 7 February 2019

** The 2019 Enterprise CEO Week wraps up this morning. We don’t drink startup Kool-Aid and we don’t worship at the temple of PE. Even if you’re more militant about this than we are, Tarek and Sherif are must-read interviews: You’ll walk away feeling a hell of a lot more optimistic about where our community could go — and about what’s possible through the power of entrepreneurship. We can think of no better note on which to end the week.

Today’s participants are:

  • Tarek Assaad, managing partner, Algebra Ventures
  • Sherif El Kholy, partner and head of Middle East & North Africa, Actis

Already this week, we have heard from:

Our sincere thanks to the execs who took time out of very busy days to join us as well as all those of you who have written and called with kind words.


In the money: The Central Bank of Egypt has officially received the fifth USD 2 bn tranche of its IMF loan, Reuters cited MENA. The transfer comes a day after the IMF’s executive board finished the fourth review of Egypt’s reform program and signed off on the disbursement.

The Confederation of African Football is in town to inspect the country’s stadiums ahead of the 2019 African Cup of Nations,according to Goal.com.

The Egypt Building Materials Summit takes place today at the Nile Ritz Carlton. The event brings together construction industry investors, developers, policymakers, service providers and consultants, and over a dozen keynote speakers.

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.