Back to the complete issue
Tuesday, 14 June 2022

e-Health starts work on the universal health insurance system

e-Health kicks off operations: EGX-listed e-Finance’s digital healthcare services arm, e-Health, has begun work on the government’s universal health ins. scheme, e-Finance said in a release (pdf). The state-owned company will manage and operate the tech backbone of the plan, with the first phase of operations seeing it roll out its services to around 140 hospitals in five governorates: Port Said, Luxor, Ismailia, Suez and South Sinai.

e-Health was created late last year to manage the system’s operations and digital payment services, which will be integrated with the government's e-payments channels and banking institutions. The company also plans to provide digital services for other companies in the sector. e-Finance owns 35% of the company’s shares, and the Universal Health Ins. Authority holds 50%.

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

  • Maersk has held follow-up talks about clean energy with Electricity Minister Mohamed Shaker, a few months after agreeing to explore collaboration with Egyptian authorities on producing green fuels. Representatives from Danish infrastructure investor CIP were also involved in the talks. (Al Borsa)
  • The Suez Canal has extended markdowns on transit fees for LNG and LPG carriers until the end of the year. (Statement)
  • Netherlands-based fertilizer producer OCI (backed by Nassef Sawiris) is importing more ammonia from Egypt instead of locally producing the chemical due to surging energy costs in Europe. (Wall Street Journal)
  • The SME development agency wants to get more small businesses selling their products on e-commerce platforms Noon and Farmafelicidad.com. (Amwal Al Ghad)
  • UK-based SDX Energy struck oil after completing drilling at its West Gharib concession, less than a week after it made its largest gas discovery at South Disouq. (Disclosure)

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.