Egypt Prime Minister Mostafa Madbouly announced that Egyptian companies are ready to enter tenders that will be announced by the Lebanese government, in order to implement projects within its electricity sector. Issue 225
Uber became a publicly traded company on May 10, 2019 with its initial public offering of stock valued at 45 USD a share on the New York Stock Exchange, but quickly lost value as it started selling at 42 USD a share almost immediately. Issue 226
The Ministry of Commerce and Investment has stopped issuing permits for installment sale in Saudi Arabia. The ministry has also asked the Saudi Arabian Monetary Authority (SAMA) to closely monitor any violations for a period of three months. Issue 227
In UAE, the Department of Economic Development (DED) reported that there are 4,086 companiesoperate in Dubai gold sector. The report noted that 2,498 licenses were issued for the category of jewelry and jewels made of gold and silver, as well as 1,184 for trading in gold and precious metals. Issue 228
Insights Africa
The World Bank has approved 25 BN KES (250 MM USD) to help Kenyaset up a mortgage refinancing company that will make it easier for banks to access long-term finance for cheaper home loans. Issue 19
China ambassador, Lie Jie, has stated that his country has provided50,000employment opportunities to Zambians after having 30 Zambians engaged in Chinese enterprises receiving outstanding performance awards from the ambassador. Issue 20
The World Bank is set to release 350 MM USD to boost infrastructure development in eight more municipalities across the country; under the Uganda Municipal Support Infrastructure Development (USMID) Project.Issue 21
Kenyans who earn 150,000 KES (1,481 USD) and below per month are set to get house loans from local financial institutions at rates below10% after the country launched its first secondary mortgage financier. Issue 22
