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On the airwaves last night: A recap of day two at the AfDB annual meetings, the latest on food prices, and more defense of the City of the Dead.
Day two of the AfDB meetings: The African Development Bank (AfDB) annual meetings in Sharm El Sheikh continued yesterday with the participation of a number of African leaders, including President Abdel Fattah El Sisi who highlighted the bank’s important role in helping struggling nations and providing them with financing solutions. “I take this opportunity to call on multilateral lenders to reconsider the standards and rules that qualify countries for funding facilities,” El Sisi said during his speech. Masa’a DMC had coverage (watch, runtime: 2:40).
More loans are not the answer, says Lamees: “The truth is we don’t want loans. We want investment. Developing countries, low-income countries don’t need loans with interest but rather investment,” Lamees El Hadidi argued on Kelma Akhira (watch, runtime: 4:21). We have more on the meetings in this morning’s news well, above.
It’s a mixed picture for food prices: After dedicating significant airtime to pharma pricesearlier in the week, El Hadidi focused last night on food prices, noting that poultry and egg prices have fallen in recent days after the government released more chicken feed into the market (watch, runtime: 2:45). Rice prices are also sliding due to recent imports from India, while oil and sugar prices remain stable and dairy products are expected to rise, she said. “All of this is related to the USD, port releases, and global food prices — some of which are dropping and some are rising,” she said.
Is there hope for the City of the Dead? The planned demolition of parts of the historic City of the Dead may not happen after all, with Masa’a DMC’s Ramy Radwan (watch, runtime: 4:44) quoting Cairo governor spokesperson Ibrahim Awad as saying that a final decision about whether to demolish some of its tombs hasn’t yet been taken. Radwan also echoed El Hadidi’s pleas from Tuesday, calling on authorities to find another way to carry out their development plans.
