Back to the complete issue
Wednesday, 3 February 2021

Also on our radar on 3 February 2021

New construction timeline for Dabaa? A pandemic-induced slowdown in the construction of the Dabaa nuclear power plant has led Egypt and Russia to agree on a “new timeline” for its completion, Tass cites Russian ambassador to Cairo Georgy Borisenko as saying. Borisenko did not provide a concrete timeline was not given, but said he hoped construction would enter the “main phase” soon.

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

  • Microfinance player Tamweely is making a big push into loans to farmers and small-scale agribusinesses in Upper Egypt and the Delta region after inking an agreement with USAID, Hapi Journal reports.
  • AAIB is launching (pdf) a new e-payment platform it is dubbing N-Genius in partnership with MENA-focused payments firm Network International.

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.