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Nigeria still processing telecom firm MTN's licence renewal. Egypt's president calls for first bread price rise in decades
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- Nigeria’s Communications Commission says MTN Nigeria’s application to renew its operating license for another ten years is still undergoing regulatory processing. The Nigerian Communications Commission that reports that MTN Nigeria’s application had already been granted are incorrect.
- Egypt’s president has vowed to raise the price of government-subsidized bread. It would be the latest in a series of austerity measures taken by his administration in recent years to overhaul the country’s economy. President Abdel Fattah El-sissi offered no further details on the amount or timing of the price increase. He said the increase would help his government cover the cost of meals provided to the country’s school children. This is the first time the Egyptian government revisits the price of bread issue since 1977 when then president Anwar Sadat reversed a price increase in the face of riots. Bread is currently sold at 0.05 egyptian pounds ($0.0032)
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