The Egyptian pound weakened to as low as 32.20 to the dollar on Wednesday from 27.60 at the open of trade. It has since rebounded to 30.55 at midday on Thursday.
Bankers said there were signs of international institutions pouring money into Egypt ahead of Thursday's auction of local treasury bills. Such investors had been largely absent since March.
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BBC World Service - Africa Daily, How is Hargeisa recovering from last year’s market fire?In April 2022, a fire broke out in the huge Waheen Market in Hargeisa, Somaliland. It burned for more than 24 hours destroying thousands of businesses. So how has the city recovered? As well as individual traders? AfricaDaily's kasujja reports ➡️ DahabshiilGroup kasujja They are burning Laascaanood now!
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