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Monday, 19 September 2016

What we’re tracking this week

GERD contract this week? Irrigation ministers from Egypt, Ethiopia, and Sudan are reportedly set to sign contracts with French consultancy firms BRL and Artelia for impact studies on the Ethiopian Grand Renaissance Dam during their two-day trilateral summit in Khartoum, which gets underway today, Ahram Online reported citing state news agency MENA. Of course, the Ethiopians have never paused construction as a sign of good faith and announced just last Saturday intentions to raise an additional c.USD 58 mn for the dam’s construction in the current fiscal year, the Ethiopian Herald reported, primarily through their lottery, bond sales and proceeds from live music and sporting events.

Interest rate watch: The US Federal Reserve’s FOMC will set interest rates on Wednesday; conventional wisdom seems to be for a hike in December. The Central Bank of Egypt will set interest rates on Thursday.

4G decision day: 4G decision day: Thursday is the deadline for existing mobile network operators to accept final terms for 4G mobile broadband network licenses.

Learn more about the New Administrative Capital: N Gage Consulting will hold a workshop (agenda) on the New Administrative Capital, also on Thursday.

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