The first expo for Egyptian exports to Africa will be held in Nairobi, Kenya from 15-18 May, Ahram Gate reports. 52 companies representing six export councils will participate in the exhibition.

The Central Bank of Egypt’s Monetary Policy Committee will hold a rare Sunday meeting on 21 May to discuss interest rates. The meeting comes after IMF boss Christine Lagarde personally singled-out inflation as an issue of concern for Egyptian policymakers. The IMF’s director of the IMF’s Middle East and Central Asia department, Jihad Azour, subsequently declared that interest rates are “the right instrument” to manage inflation in Egypt. Two of our favourite bankers counter that interest rates are a poor means of transmission of monetary policy in a nation as un-banked as Egypt.

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