TAG: Egypt
As one of the few countries which are forecast to grow in 2020 and the only forecast to grow in the MENA region this year, Egypt’s economy has remained remarkably resilient. This is closely linked to the well capitalised financial services sector which has ensured credit has flowed to companies and individuals during the height of the pandemic.
The pandemic has created an urgent need for more patient capital in Africa. With governments across the continent facing budgetary constraints while recognising the importance of investment in essential infrastructure and services, private equity (PE) and venture capital (VC) offer an attractive avenue for financial support.