Back to the complete issue
Tuesday, 21 July 2020

Ex-AOI boss made military production minister after Al Assar death

MOVES- Shehab Marzban (LinkedIn) has resigned as chairman of government-owned venture capital fund Egypt Ventures and is joining Beltone Financial, where he will lead a new VC platform. Marzban had founded Egypt Ventures back in 2017.

MOVES- Major General Mohamed Ahmed Morsi was sworn in as Egypt’s new military production minister on Saturday, succeeding the late Lieutenant General Mohammed Al Assar, who passed away earlier this month, Ittihadiya said on Sunday. Morsi was previously the general director of the Arab Organization for Industrialization and the director of the Armed Forces’ armored vehicle weapon department, according to Youm7.

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.