Back to the complete issue
Thursday, 2 June 2022

Insurance startup Amanleek wins Orange fintech competition

The formidable 13-year-old Egyptian-Hungarian violinist Mariam Abouzahra won the Golden Note — a televised classical music competition run by the Austrian Broadcasting Corporation. The young musician reached the finals with eight other performers between the age of 10 and 16, according to Ahram Online.

Ins. startup Amanleek has won Orange’s Fintech Startup Seed Challenge 2022, and is receiving USD 200k to invest in the growth of its business, the telecoms firm said in a press release. The competition was run by Orange Egypt and Orange Ventures, the VC arm of the global company.

Unicef and the Minya Water and Wastewater Company will provide zero-interest loans to low-income families to help them cover the EGP 2k it costs to connect houses to the water grid. (Unicef)

Emaar Misr is donating EGP 1 bn to the Decent Life Initiative (aka Hayah Karima) to help finance its sustainable development projects as part of a cooperation protocol. (Statement, pdf)

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.