Are you headed to the Arqaam Capital Egypt Investors Conference in Cape Town, South Africa, tomorrow? If so, you may find it interesting to know that Cape Town could soon become one of the first major cities in the world “to shut down entirely the supply of running water to all of its homes,” the Toronto Globe and Mail wrote this weekend. The city is forecasting that on “Day Zero” — currently slated for 21 April — it will cut off taps in homes and send its 3.7 mn residents to some 200 water collection points where they will be allowed to line up for 25 litres of water per person per day. The news comes after NASA researchers said on Thursday that 2017 was the second-hottest year since record since keeping started in 1880, eclipsing only 2016.

The IMF will release its report on its second review of Egypt’s economic reform program on Tuesday afternoon, according to Al Mal. The IMF board had approved the disbursement of USD 2 bn of its USD 12 bn Extended Fund Facility in December after signing off on the review. “By tightening monetary policy early in the year, the Central Bank of Egypt (CBE) has managed to reverse high inflation, which was the main risk to macroeconomic stability,” IMF’s First Deputy Managing Director David Lipton had said at the time. “The continuation of this disinflationary trend could open the door to a gradual easing of interest rates,” he added. The IMF will also release the latest on its December 2017 Article 4 talks with Egypt, according to the newspaper.