Back to the complete issue
Sunday, 31 January 2021

Nationwide universal health coverage is being rolled out faster than first thought

The universal healthcare program should be fully rolled out in 10 years instead of 15, Finance Minister Mohamed Maait said in a statement on Thursday. The first phase covering Luxor, Aswan, Ismailia, Suez and South Sinai should be completed in 2021. Over 1 mn people in pilot governorate Port Said have registered for the scheme, which provides over 2.3k medical services. Currently, Luxor is getting ready to integrate the UHIS throughout its 59 medical service entities and seven hospitals.

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

  • Sarwa Capital could change its name to Contact Financial Holding at its next extraordinary general assembly, according to an EGX disclosure (pdf).
  • French shipping company CMA CGM will operate and manage a planned all-purpose terminal that will be set up in Alexandria Port by 2022, under a long-term partnership it provisionally agreed to with the government, the company said in a statement on Thursday.
  • China’s CSEC has been granted LGs worth EGP 1 bn from Banque Misr to fund the construction of office-space towers in the new administrative capital.
  • Qatari Diar will resume construction work on its USD 8 bn City Gate project in East Cairo in 2Q2021.
  • Egypt has reclaimed 5k artifacts from a US museum after years of negotiations to retrieve a collection that was illegally smuggled out of the country.

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 Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank 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; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt.