Back to the complete issue
Monday, 14 September 2020

Diplomacy + Foreign Trade on 14 September 2020

Topping diplomatic coverage this morning: The Kenyan government will move to impose a 25% customs duty on some Egyptian exports in violation of the Comesa trade agreement, which it says it will no longer abide by, Hapi Journal reports, citing unnamed sources familiar with the matter. Egypt’s Trade and Industry Ministry is asking the prime minister’s office to send a delegation to Kenya to address the issue. The ministry will also be holding an emergency session with the Federation of Egyptian Industries to discuss the matter.

Egypt could impose retaliatory measures on Kenya, which would only serve to harm the two countries’ trade relations, House Industry Committee chief and Faragalla Group head Rep. Mohamed Farag Amer told Hapi Journal. Amer — who has business interests in Kenya — urged the government to pursue negotiations instead.

Foreign Minister Sameh Shoukry held a meeting with his Armenian counterpart Foreign Minister Zohrab Mnatsakanyan, the Foreign Ministry said in a statement (watch, runtime: 24:34). Shoukry used the occasion to reiterate that Egypt’s threat to intervene in Libya is designed to bring stability to the country and work towards a political solution.

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.