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Thursday, 17 November 2022

Your top 5 pieces of business and economic news in October 2022

Your top 5 pieces of business and economic news in October 2022:

  • Egypt and the IMF agreed a USD 3 bn bailout package, unlocking vital funding for the government via a 46-month extended fund facility.
  • The Central Bank of Egypt devalued the currency for the second time this year, causing the EGP to fall more than 16% to hit a fresh record low against the greenback.
  • Inflation hit its highest level in nearly four years in September amid broad-based price increases across the economy.
  • Read our five-step recipe to boost exports + FDI.
  • The Saudi sovereign wealth fund acquired a 34% stake in retailer BTECH from Africa-focused investment firm DPI.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

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