Your top 5 pieces of business and economic news in August 2022

Your top 5 pieces of business and economic news in August:

• Infinity and AFC closed Africa’s largest-ever renewables acquisition through acquiring 100% of Lekela Power
• Adnoc Distribution is set to buy half of TotalEnergies Egypt amid a growing Emirati investors' appetite for assets in the country.
• Egypt is working on resolving differences with the IMF in talks for a fresh assistance program as the global lender urged the government to take “decisive” steps on fiscal and structural reforms.
• CIRA’s future flow securitization program received the green-light from the Financial Regulatory Authority, marking the country’s first first-ever future flow securitization
• Inflation unexpectedly deceleratedfor the first time in seven months in June as food prices fell for a second consecutive month.