Back to the complete issue
Wednesday, 27 January 2021

Also on our radar on 27 January 2021

Former Tax Authority head Abdel Azim Hussein will be put on trial at a criminal court to face charges of corruption, reports Ahram Gate. An investigation into Hussein and five of his associates found evidence that he accepted bribes, leading the public prosecutor to refer him to trial. Hussein was arrested last year on what appeared to have been a sting operation.

The Egyptian Airports Company is planning a EGP 1 bn expansion project at Sphinx International Airport to boost its capacity to nine flights and 900 passengers per hour. Meanwhile: French renewables player Voltalia increased its solar-generated electricity production in Egypt fivefold to 76.5 GWh in 2020, it said in its earnings statement (pdf).

EGX-listed snackfoods giant Edita has launched its Molto Mini Magnum product as part of the company’s strategy “to migrate consumers towards higher price-points,” according to a company statement (pdf). Molto Mini Magnum is available in the chocolate and hazelnut cream flavor, and forms

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.