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

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

• Gov’t wants to raise USD 6 bn from stake sales by mid-2023: The Madbouly government expects to raise as much as USD 6 bn by selling stakes in state-owned assets by mid-2023.
• The CBE relaxed restrictionson the use of foreign currencies for imports, in an attempt to ease the buildup of goods at ports.
• Meltdown on Planet Startup: Capiter’s board fired the company’s CEO and COO, amid allegations of financial impropriety.
• Expedition Investments consortium completes Domty acquisition: A consortium of investors led by Expedition Investments received a 32.9% stake (93.0 mn shares) for EGP 511.6 mn.
• The CBE left interest rates unchanged, a move that went against a global tightening trend.