Back to the complete issue
Wednesday, 8 December 2021

Is your kid missing a lot of school? There’s a fine for that.

Parents could soon face financial penalties if their children fail to attend school under legislative amendments greenlit by the cabinet during its weekly meeting yesterday. Amendments to the Education Act would see parents fined between EGP 500 and EGP 1k if their child misses a week of school without a sufficient reason, the cabinet said in a statement following the meeting.

SMART POLICY- Clampdown on child labor: The government is also looking to strengthen penalties for those found in breach of child labor rules, which prohibit employing children younger than 14. Draft amendments to the Labor Act would hand out fines of between EGP 1k and EGP 2k — double the current EGP 500 to EGP 1k fine — for every underage child a business employs. Businesses could potentially see their facilities shut down for up to six months and the fine doubled if the violation is repeated.

A push for industrial investment in Upper Egypt: The cabinet agreed to provide incentives to investors in industrial zones in Upper Egypt governorates, as part of a presidential initiative to establish 13 complexes aimed at small and medium-sized businesses. Participating businesses will be exempted from rent and maintenance fees for the first nine months, and subsequent rent payment will be cut to EGP 15.5-20.5 per meter from EGP 21-22.

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.