Back to the complete issue
Wednesday, 22 September 2021

JTI proposes new changes for tobacco license

Japan Tobacco International (JTI) is still lobbying to amend the contentious tender to offer additional licenses to sell tobacco products, proposing that either the government separates e-cigarettes from traditional cigarettes — as we reported last month — or offer multiple licenses, Al Mal reports.

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

  • CIB has signed a five-year partnership agreement with Visa to support SMEs by offering Visa banking services to CIB’s SME clients, Hapi Journal reports citing a statement from the bank.
  • The National Bank of Egypt (NBE) has received a license to accept payments through its mobile application “Tap on Phone,” the bank announced in a statement (pdf). This will allow suppliers to use the application to collect payments, instead of the traditional electronic point of sale methods
  • Egyptians living and working abroad could soon have access to a new life ins. policy, to be developed by the Immigration Ministry, the Financial Regulatory Authority, and the Ins. Federation of Egypt under the terms of an MoU. A EGP 100k ins. policy will have a EGP 100 annual premium.

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.