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Thursday, 5 January 2023

Your top 5 pieces of business and economic news in December 2023

Your top 5 pieces of business and economic news in December 2023:

  • The IMF approved a USD 3 bn, 46-month loan for Egypt, which is expected to unlock bns of USD of vital funding as the country struggles amid global headwinds.
  • Major banks tightened foreign currency withdrawal limits for Egyptian customers abroad.
  • The Madbouly government approved the final draft of the state ownership policy document.
  • Egypt signed MoUs with seven companies and consortiums to conduct feasibility studies on new projects to produce green hydrogen and its derivatives
  • Vodafone Group transferred its 55% stake in its Egyptian unit to its South African subsidiary Vodacom in a EUR 2.37 bn cash and stock transaction

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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