Back to the complete issue
Tuesday, 14 June 2022

Of privatization, electricity bills and Pitso Mosimane

Leading the airwaves yesterday was the start of public consultations over the state’s proposed privatization policy document dominated the airwaves last night, receiving coverage from Ala Mas’ouleety (watch, runtime: 19:54), Kelma Akhira (watch, runtime: 4:12), and El Hekaya (watch, runtime: 4:34) among others.

“The document should not be limited to the state’s exit from industries,” economist and former deputy prime minister Ziad Bahaa El Din told Kelma Akira’s Lamis El Hadidi (watch, runtime: 6:56). Bahaa El Din, who attended the first of meetings by the government with economic experts, praised the government for “opening up the subject, drafting a document and making it accessible to the public,” but called for the strategy to provide a deeper roadmap of the relationship between the state and the economy. “What is needed is a clear definition of the state’s role and regulating it and providing opportunities to the private sector to be allowed to operate in available sectors,” he said. “The closer the document is in setting the rules of the game, the better the interest for the state and private sector.”

Electricity price freeze: Yesterday’s decision by the government to pause hikes in electricity prices led conversations on talk shows, with coverage from Al Hayah Al Youm (watch, runtime: 4:04), El Hekaya (watch, runtime: 2:11 ) and Kelma Akhira (watch, runtime: 3:29). El Hadidi wasn’t particularly thrilled about the across-the-board price freeze, arguing that only low- and medium-consumption brackets should be shielded from rising prices.

^^ We have the details on both of these stories in this morning’s news well, above.

Also getting coverage last night:

  • El Sisi inaugurates dairy complex + approves EGP 10 bn loans for livestock farmers: President Abdel Fattah El Sisi’s inauguration of a meat and dairy production complex in Sadat City got coverage from Al Hayah Al Youm (watch, runtime: 2:57). El Sisi approved EGP 10 bn in soft loans to support the development of livestock and improve the lives of small-scale breeders.
  • Changing of the guard at Al Ahly: The football club announced yesterday that it would be parting ways with coach Pitso Mosimane by mutual consent and thanked him for his work at the club. The news comes just three months after he signed a new two-year contract with the club. Masa’a DMC (watch, runtime: 13:12), Ala Mas’ouleety (watch, runtime: 7:16) and El Hekaya (watch, runtime: 5:04) all had coverage.

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.