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Thursday, 17 May 2018

On the horizon

The British are celebrating a wedding on Saturday as the actor Meghan Markle marries Prince Harry. Our inner republican is aghast.

Upcoming milestones to watch on our march toward becoming a regional energy hub: It’s not only about natural gas, ladies and gentlemen. As part of the state’s drive to position Egypt as a regional energy hub, we’re also hooking our electricity grid up to those of our neighbors with a view to ultimately allowing the increasingly deregulated industry to buy and sell power regionally. Among the milestones to keep an eye on:

  • Talks with Cyprus and Greece on a USD 4 bn interconnection project will kickstart within the coming month when a Cypriot delegation visits
  • Contracts for an interconnection with Saudi Arabia could be signed by the end of June, sources say
  • As many as eight local and global players have been invited to tender a key component of a project to hook our grid to Sudan’s. Reportedly among them: ABB, General Electric, Elsewedy, Schneider, Siemens, and State Grid Corporation of China.

The IMF should issue its progress report on Egypt’s economic reform program in two weeks’ time, Deputy Chief of Media Relations Alistair Thomson has said.

Want to sell stuff to the rest of Africa? If hawking more of your wares in Africa is on your list of things to do, pencil in the Afreximbank-backed Intra-African Trade Fair, set to run in Cairo from 11-18 December. Lots of detail on the conference’s website here.

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