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Having come through Egypt’s worst economic crisis in decades relatively unscathed, its banks are ready to reap the medium- and long-term benefits accruing from the country’s dramatic rescue by Abu Dhabi’s sovereign wealth fund, ADQ, and the IMF.Long-standing concerns over the mechanisms of a long-anticipated, further devaluation of the Egyptian pound — seen as a necessary step to attract sorely needed foreign currency investment — were dramatically put to bed in late February with ADQ’s announcement of a $35bn investment in the coastal real estate project of Ras al-Hekma.To continue reading, join...

HARARE (Reuters) - Zimbabwe needs to make its fiscal and monetary policy more predictable to instil confidence in its depreciating currency, a senior World Bank official said on Friday.It could make progress by moving away from the central bank's "quasi-fiscal operations", Victoria Kwakwa, the World Bank's Regional Vice President for Eastern and Southern Africa, told Reuters in an interview.She did not spell out what those operations were, but the International Monetary Fund said last month the central bank should reduce its non-core activities, which have included printing money and borrowing...