Back to the complete issue
Tuesday, 4 October 2022

Last Night’s Talk Shows: PIF’s BTECH acquisition gets airtime + Another tragedy hits our schools

The Saudi PIF’s acquisition of 34% of local electronics retailer BTECH got top billing on a mixed night on the airwaves. After breaking the good news in a sit-down with Enterprise yesterday, BTECH CEO Mahmoud Khattab joined El Hekaya last night (watch, runtime: 5:39) to discuss what the acquisition means for the company.

ELSEWHERE- A second tragedy mars the start of the school year: An eight-year-old girl has died after falling from the third-storey window of a primary school in Agouza, marking the second death in an Giza school within the first days of the academic year. The Education Ministry will offer EGP 100k to the child’s family and has launched an investigation into the matter, according to a statement. Al Hayah Al Youm (watch, runtime: 3:32) and Hadrat El Mowaten (watch, runtime: 2:27) covered the story.

The incidents have put school safety in the spotlight: Several members of staff at the Agouza school have been suspended and face Education Ministry and legal investigations, the statement read. Having second-graders on the third floor is itself a violation of ministry regulations, Education Ministry spokesman Shady Zalata told El Hekaya (watch, runtime: 6:35). Zalata declined to comment on local media reports that the girl fell to her death trying to escape physical punishment from her teacher. The ministry will conduct spot-safety inspections at schools across the country in light of the incidents.

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.