Egypt’s foreign exchange troubles throughout 2015-16 have sparked intense debate in the automotive industry, where the challenges have led to multiple reform proposals to shore up a troubled area of the country’s industrial production. Concerns peaked in April 2015, when Mercedes-Benz announced a partial exit, claiming it would continue to...
Though Egypt’s currency woes have filtered through the entire economy, the industrial sector was hit particularly hard in 2015-16. The weakness of the Egyptian pound had slowed the pace of new investment and led to plant shutdowns by foreign investors. With a shortage of US dollars, manufacturers have to source funds in the parallel market,...
With a market of 92m consumers and growing, Egypt is a natural fit for manufacturing industries. The sector spans a diverse range of activities, largely led by the private sector, that range from building materials and downstream processing, to long-running textile factories, as well as competitive food and fast-moving consumer goods segments. Yet the government hopes to further expand, and...
While Egypt continues to face considerable economic challenges as it confronts the legacy of its recent political history, at the outset of 2017 the nation’s economic planners have reason for optimism.
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