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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.

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