Egyptian Prime Minister Mostafa Madbouli has announced on Saturday that more than 10 army-affiliated companies will be listed soon for investors as part of its ongoing initial public offering (IPO) programme. “The offerings will be finalised before the end of June for as much as $US 2 billion as per a plan declared earlier,” the premier told reporters following the inaugural ceremonies of a number of projects in the 10th of Ramadan and New Obour cities, east of Cairo. The announcement came one day before Fitch Solutions had raised its forecast for Egypt’s inflation in 2023 to 32.3 per cent, up from an average of 25.9 per cent in the previous month. In March, another
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