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Thursday, 3 January 2019

What we’re tracking this week and beyond

An administrative court will hear on Saturday Beltone Financial’s appeal against a six-month suspension handed to its investment banking arm by the Financial Regulatory Authority. The FRA last month rejected Beltone’s appeal of the decision.

Are we hosting the African Cup of Nations? The football supremos at CAF will reveal this coming Wednesday whether Egypt or South Africa will host this year’s African Cup of Nation.

Egypt, Sudan begin trial runs on electricity grid connection project in three weeks: Egypt and Sudan will begin trial runs for the first phase of a USD 60-70 mn electricity interconnection project in three weeks at a capacity of 100 MW, local news reported. A government source said 95% of the project has been completed. The electricity minister had previously said the two countries would exchange 200-300 MW of power in the first phase, with the second phase expected to be completed in 1Q2020 bringing capacity to 600 MW.

A government committee mandated with defining Egypt’s informal economy is set to meet for the first time this month. Look at the committee’s work in light of the Madbouly government’s bid to convince the World Bank and the IMF to agree to include the informal economy in calculations of Egypt’s GDP.

Bond issuance plans to be made clear this month: Finance Minister Mohamed Maait said last month that the government would unveil its international bond issuance plans for 1Q2019 in January.

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