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A delegation from the International Monetary Fund (IMF) is currently visiting Egypt since 19 January to discuss the first and second reviews of the country’s USD 3 billion (EGP 92.4 billion) loan and reform program, according to a spokesperson statement to Reuters. The multilateral lender did not clarify whether the visit includes discussions on providing
Abu Dhabi investment company, ADQ, and its subsidiary ADNEC Group, announced on 12 January the acquisition of 40.5 percent of ICON, the hospitality arm of Egypt-based Talaat Mostafa Group through a capital increase. The signing agreement marks ADQ’s acquisition of stakes in ICON’s pre-existing portfolio of luxury hotels and resorts, including seven famous historic hotels
Nairobi Senator Edwin Sifuna has said that a referendum should have been held before the proposed sale of government parastatals such as the Kenyatta International Convention Centre (KICC) and the Kenya Pipeline Company (KPC).
KSC is among 11 state run entities that will be handed over to private operators in the State Privatisation Programme
The National Treasury and Economic Planning ministry has published a list of 11 State Owned Enterprises it seeks to finalize their privatization by the end of the year.