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External debt up 6% in 2Q 2021-2022
External debt rose 6% to USD 145.5 bn during 2Q FY2021-2022, up from USD 137.4 bn during the first quarter,…
Amer to chair AfDB board of governors
The African Development Bank (AfDB) has named CBE head Tarek Amer as the new chairman of its board of governors,…
African Development Bank to lend USD 1.5 bn to African farmers to stem food crisis
The African Development Bank has approved a USD 1.5 bn facility to help African countries avert a “looming food crisis,”…
Tuk-tuk replacement still undecided + ABB to open train component plant in Egypt
The Madbouly government is in talks with an international automaker to produce vehicles to replace tuk-tuks, Public Enterprises Minister Hisham…
THIS MORNING: It’s Fed decision day; Swvl on course to hit the Nasdaq on 31 March; AfDB in town for COP 27 talks
Good morning, wonderful people, and welcome to almost-THURSDAY, which longtime readers know is how we prefer to think of the…
UPDATED- ERC kicks off its debt restructuring plan
Qalaa Holdings subsidiary Egyptian Refining Company (ERC) is in talks for a debt restructuring agreement, ERC President Mohamed Saad said on…
THIS MORNING: Fed taper in November + rate hikes in 2022; Markets rebound; Biden NatSec adviser Sullivan to visit Cairo next week; Egypt to host 2022 Ministerial Gas Forum.
Well, friends, we’ve nearly made it through another workweek together, and our reward is another very busy news morning, with…
AfDB could work with Egypt to export vaccines
The African Development Bank (AfDB) could help fund Egypt’s bid to become Africa’s vaccine hub: Senior bank officials were in…
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