Back to the complete issue
Wednesday, 10 June 2020

Electricity Ministry spox blankets Egypt’s airwaves to talk price hikes

Electricity Ministry spokesman Ayman Hamza blanketed the airwaves yesterday to explain the increase in electricity prices that come into effect as of 1 July. We have the full breakdown in this morning’s Speed Round, below.

The gradual lifting of subsidies allows the ministry to reroute these resources to improve infrastructure, including repairing and expanding the national grid, Hamza told Yahduth fi Misr’s Sherif Amer. Hamza also noted that the majority of citizens fall under the two lowest consumption tiers, which are still largely subsidized (watch, runtime: 3:33). The spokesman also phoned in to Al Tase’a Masa’an (watch, runtime: 23:48) and ‘Ala Mas’ouleety (watch, runtime: 44:36) for similar conversations.

Yesterday’s tripartite GERD meeting also earned some attention from Amer (watch, runtime: 3:14) and Masaa DMC’s Ramy Radwan (watch, runtime: 2:23). The story is also in this morning’s Speed Round.

Elsewhere, the World Health Organization’s (frankly confusing) statements yesterday on the risk of asymptomatic transmission of coronavirus had Radwan scratching his head. Maria Van Kerkhove, WHO’s Emerging and Zoonotic Diseases Unit director, said yesterday that asymptomatic transmission is “very rare,” but later walked back on the claim (watch, runtime: 3:14).

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.