The acceleration of a long-awaited reform programme and continued economic recovery, particularly in the retail and energy sectors, made 2016 a transitional year for Egypt.
Egypt
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Economic update | Egypt Year in Review 2016
27 Dec 2016
In a bid to boost Egypt’s power generation capacity, government officials are looking to increase production from solar and other renewable energy sources.
With slow growth and double-digit inflation, Egypt has its fair share of challenges, but the country’s retail sector appears to be easing into recovery mode, aided by an increase in formal activity and favourable demographics.
Economic update | Egypt’s oil and gas sector rallies
27 Sep 2016
Even amid a backdrop of low global commodity prices, new oil and gas discoveries are continuing to drive investment in Egypt’s hydrocarbons sector.
The launch of 4G licences in Egypt will help boost low user revenue for telecoms companies and improve service quality, with operators upgrading their infrastructure in preparation for commercial deployment, but the changes will see a shake-up of the competitive landscape as a result.
The government’s drive to boost foreign capital flows has moved forward with the launch of a new foreign direct investment (FDI) council, although there is still room for further improvements.