Insights MENA
  • The Central Bank of Egypt (CBE) launched the Cairo Overnight Inter-bank Average (CONIA), an interest rate benchmark that is effectively no-risk because of their very short tenors. The benchmark is meant to support the development of a more efficient domestic money market. Issue 238 
  • Egypt U19 Handball team beat Germany 32-28 in the final in Macedonia to become world champions. The Egyptian team dominated the first half of the game, finishing with a lead advantage (19-13), and continued to maintain their upper hand and make history. Issue 239
  • Egyptian President Abdel Fattah al-Sisi arrived in the French city of Biarritz on Saturday morning to participate in the G7 summit, at the invitation of French President Emmanuel Macron to address various issues including international security, combating terrorism and extremism and confronting the use of the Internet for terrorist purposes in Egypt. Issue 240
Insights Africa
  • For the first time Kenya has bought more than that was sold to African countries in H1-2019, marking the first time Nairobi has run a deficit reaching 156 MM KES (1.5 MM USD) since the Central Bank of Kenya (CBK) started to publicly keep trade records in 1999. Issue 32
  • Kenya top milk processors have cut producer prices following an increase in supply among outcry from farmers because they will earn an average of 3 Kenyan Shilling less a litre compared with what they were getting in the last couple of months during a severe drought. Issue 33
  • In Kenya, petrol prices have dropped for the first time in five months, defying a weak shilling and the new inflation tax that has been launched last month. The new prices offer a reprieve to motorists but will hit families that use kerosene, whose price has gone up. Issue 34
  • The Central Bank of Uganda held its key lending rate at 10.0% and said economic expansion had slowed in H1-2019, but higher credit growth and public infrastructure spending still support its prospects. Issue 35
Snapshot
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