TAG: Africa
Egypt has been through myriad changes since 2014 as the government has sought to introduce a wide range of legislative and regulatory reforms to restore economic order. Although the economy has struggled in recent years – with GDP growth averaging 2% per annum between FY 2010/11 and FY 2013/14 – indicators are finally resuming a more positive trajectory.
Egypt has been through myriad changes over the last few years as the government has sought to introduce a wide range of legislative and regulatory reforms to restore economic order. To that end, a new investment law easing bureaucratic restraints was adopted, a subsidy-reduction programme to cut spending was put in place and the Egyptian pound was floated. The results of Oxford Business Group’s second Business Barometer: Egypt CEO Survey show confidence among respondents, with around 73% claiming the flotation will have a positive or very positive effect on local business conditions in 2018.
