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Thursday, 15 September 2022

El Sisi in Qatar + the EGP 2 coin generate conversation on the airwaves

President Abdel Fattah El Sisi’s two-day trip to Qatar was the big story of the night (more on that in this morning’s news well, above), though plans for an EGP 2 coin and the collapse of Capiter also got attention.

The economic conference set to be held at the end of this month once again got coverage, though there was little in the way of new information. In an interview on Ala Mas’ouleety (watch, runtime: 4:25), Cabinet spokesman Nader Saad said that the event would last three days and that participants would discuss the final draft of the government’s state ownership document. Masaa DMC (watch, runtime: 2:07) and Al Hayah Al Youm (watch, runtime: 2:59) also covered the conference.

Startups for dummies: In a startup-focused segment inspired by the Capiter chaos, Yahduth Fi Masr’s Sherif Amer asked questions both big (what does a post-Capiter Egyptian startup scene look like?) and small (how does a startup work, exactly?). Joining the show to discuss Capiter, Eslam Darwish, founding partner of fintech fund Nclude, put the company’s collapse down to “poor governance” and said that the fact the company was able to raise USD 33 mn is a sign of optimism for Egypt’s startup scene (watch, runtime: 2:56). Meanwhile, RiseUp’s Abdelhameed Sharara was on hand to explain to the layman how startups work (watch, runtime: 2:34).

ALSO LAST NIGHT- Cabinet spokesman Nader Saad said that the government’s electricity rationing plan has saved Egypt a lot of gas, though he didn’t provide any figures (Ala Mas’ouleety | watch, runtime: 2:24).

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