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AI + Innovation (MENA) 
Infrastructure 
Chinese investment in north Africa, eastern Europe, central Asia more than double that of US and Germany combined
“China is dwarfing FDI from Germany and the US,” the EBRD’s chief economist Beata Javorick told the Financial Times
Negotiations have kicked off on our USD 1.2 bn green financing from the IMF
Good morning, friends. We are kicking off the workweek with a packed issue, so let’s jump right in. WATCH THIS…
EBRD once again slashes our growth forecast for 2024
The EBRD cut our growth forecast for 2024 to 3.9%, down 0.6 percentage points from its September forecast
The IMF lays out how Egypt can remove inefficiencies in public investments and increase private sector contributions
Under the FY 24/25 government budget, Egypt plans to direct EGP 3.9 tn towards the state’s infrastructure priorities
IFC pledges USD 50 mn to support mid-cap companies in Africa
The IFC has also agreed to a local currency swap with Banque Misr
A recap of day two of IFC regional VP’s visit: Fresh financing, advisory service agreements and privatization chatter
The IFC signed an advisory services agreement with the Universal Health Ins. Authority
THIS EVENING: IFC’s Africa VP is in town
Good afternoon, wonderful people, and welcome to a fresh week that’s off to a slow-ish start — but with the…
Telecom Egypt eyes USD 500 mn loan from Chinese lender. PLUS: Credit Agricole, Hyundai Rotem, UK Export Finance, ADES, Haier, Islamic Trade Finance Corporation, EgyptAir, Matouk Bassiouny
The company will reportedly pay for the loan in CNY given that a portion of its revenue stream originates from…
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