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Wednesday, 23 February 2022

Last Night’s Talk Shows: Strong domestic growth in the face of global volatility + the state IPO pipeline

Strong GDP growth dominated last night’s coverage: Planning Minister Hala El Said took to the airwaves last night to fill Kelma Akhira in on the government’s measures to help curb inflation and support economic growth (watch, runtime: 19:34), which is now on track to hit 6.2-6.5% this fiscal year. Hedging against some commodities, prioritizing local production and maintaining sufficient stockpile reserves are all supporting growth, El Said said — despite global concerns including escalating geopolitical tensions between Russia and Ukraine and the persistent supply chain crisis. We have more on the latest growth figures in today’s Economy section, above.

Selling a stake in a military-owned company: At least one National Service Projects-affiliated company (think bottled water firm Safi or oil outfit Wataniya Petroleum) is expected to list on the bourse by the end of 2022, as part of the recently revived state privatization program, El Said added (watch, runtime: 4:22). She had earlier said that the Madbouly government plans to sell stakes in state-owned companies every month or two, while Finance Minister Mohamed Maait said the program could resume as soon as next month.

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