Back to the complete issue
Wednesday, 9 December 2020

Also on our radar on 9 December 2020

Financial inclusion must be supported by expanding access to digital communication technologies across Africa, CIB Non-Executive Chairman Sherif Samy said at the Smart Africa Initiative’s board of directors meeting, Al Mal reports.

Other things we’re keeping an eye on this morning:

  • Egypt’s first microinsurance policy has been approved by the Financial Regulatory Authority, according to Al Mal. The Cooperative Ins Society’s policy is specifically designed to cover risks for microfinance companies.
  • New Alamein is getting a branch of Switzerland’s Ecole hôtelière de Lausanne, one of the top hospitality schools in the world.
  • The Egyptian Saudi Ins House has raised its stake in EGX-listed clothing manufacturer Dice to 10% from 7.1% in a EGP 27.4 mn transaction, according to a regulatory filing (pdf).

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. © 2021 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; and Etisalat Misr (tax ID: 235-071-579), the leading telecoms provider in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.