Last Night’s Talk Shows: A lot of money + foreign policy talk
Talks of money and foreign policy took over last night’s talk shows, as the nation’s talking heads covered the central bank’s upcoming meeting, how our local startups handled the fall of Silicon Valley Bank, and yesterday’s Palestine-Israel talks in Sharm El Sheikh.
What will the CBE do next? Kelma Akhira’s Lamees El Hadidi (watch, runtime: 3:09) walked her viewers through the two options for the Central Bank of Egypt’s (CBE) upcoming meeting on 30 March. The bank will either increase rates or leave them unchanged, she said, adding that both will have major consequences on the government, the former ramping up the state’s borrowing costs and the latter fuelling further inflation.
Local startups weigh in on the collapse of SVB: Kelma Akhira’s Lamees El Hadidi held a roundtable with a number of prominent startup founders, including co-founder and CEO of used-car retailer Sylndr, Omar El Defrawy; CFO of fintech startup MoneyFellows, Hatem Sabry; and Lucky co-founder and co-CEO Ayman Essawy to see how they have been impacted by the recent collapse of Silicon Valley Bank (SVB) (watch, runtime: 2:32 | 3:09 | 4:02). The collapse of SVB should teach our local startups that they shouldn’t put all their money in one bank, investor Amr Awadallah told El Hadidi (watch, runtime: 1:59). Last week, we spoke to another set of local startup founders on how they have been impacted by the bank’s downfall.