The year of 2018 was challenging across the board for many emerging markets, and changing trends in global capital movements have brought turbulence to the Egyptian Exchange as well. After rising significantly in the first four months of 2018, the exchange’s main index, the EGX30, showed a sustained retrenchment to end the year at a level not seen since early 2017. Throughout this period,...
Egypt Financial Services
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Chapter | Capital Markets from The Report: Egypt 2019
Egypt has been a regional banking powerhouse for more than a century and is home to the biggest bank¬ing sector in North Africa. The industry is also one of the region’s most stable, surviving both the economic turbulence that followed the Arab Spring and a more recent foreign currency crisis that saw government auctions of US dollars and the growth of a parallel market for foreign currency....
As Egypt is the most-populous Arab nation and third-most populous in Africa, population pressure is driving the nation’s economic agenda, with an estimated 3.5m young Egyptians entering the labour force by 2023. Recent years have seen an array of public initiatives aimed at encouraging private sector activity, but these remain hampered by a challenging economic backdrop and structural hurdles.
Economic view | Omar El Maghawry, CEO, FEP Capital
26 Mar 2019
What is the environment around SME activity on the Nile Stock Exchange (NILEX), and what areas do you believe need more focus?
How is Africa’s Continental Free Trade Area (CFTA) likely to affect opportunities for domestic exporters?
