With one of the biggest consumer markets in the region and robust fundamentals, Egypt is well placed to attract international investment and emerge from this difficult period in a strong position. Although the Covid-19 pandemic has caused considerable disruption, the government’s ongoing reform efforts have helped to mitigate the worst effects of the crisis.
Egypt’s total of 1173 recorded Covid-19 cases and 78 deaths, as of April 5, places Africa's third-most populous country significantly below the global per capita averages for both counts as the pandemic continues to disrupt the global economy.
Egypt is moving ahead with plans to transform its renewable energy capacity, spearheaded by the development of a major solar power station.
The energy sector is an important driver of Egypt’s socio-economic development, accounting for around 13% of GDP in 2017. Aside from the member states of the Organisation of the Petroleum Exporting Countries, Egypt is Africa’s largest oil producer, as well as its third-largest producer of dry natural gas, according to the US Energy Information...
Egypt has the potential to produce 53% of its electricity from renewable sources by 2030, according to a 2018 assessment from the International Renewable Energy Agency (IRENA). Egypt’s current energy strategy calls for input from renewables to generate 20% of power capacity by 2022, rising to 42% by 2035. IRENA’s more optimistic view can be...
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