Over the past year the shortfall in Egypt’s electricity capacity has become increasingly apparent, with load-shedding becoming a regular occurrence. The government has aggressively sought to address the issue with demand-side management, from a reintroduction of the daylight savings time regime, which had been dropped in 2011, to an initiative to replace standard light...
Egypt
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Articles & Analysis | Working to increase solar’s contribution to the national energy mix from The Report: Egypt 2014
Solar energy has played a secondary role to wind power within Egypt’s renewables strategy for some time, despite the nation’s obvious advantages in terms of abundant sunlight and large tracts of undeveloped land. In 2014, however, brought a number of clear indicators that suggest that solar power remains very much front and centre in the government’s vision for the...
Articles & Analysis | Efforts are being devoted to increasing production and capacity, despite some delays from The Report: Egypt 2014
Over the course of 2014 Egypt’s energy sector has seen some welcome developments. The announcement of a debt-repayment programme for funds owed to international oil companies (IOCs) has restored confidence in the upstream segment and brought pledges of increased investment from larger operators such as the UK’s BP.
Articles & Analysis | View from abroad: A largely untapped market is drawing increasing international interest from The Report: Egypt 2013
Entering Egypt’s banking sector has long been a challenging proposition. The large number of domestic players serving a bankable population limited by low salaries and high informal employment has left the Central Bank of Egypt (CBE) reluctant to license new lenders. The last major alteration to the sector’s ownership came in 2004, when the Central...
Articles & Analysis | Sourcing funds: A large-scale T-bill issuance has significantly altered the exposure profiles of local banks from The Report: Egypt 2013
Effectively priced out of the international bond market, the Ministry of Finance has been compelled to turn to the domestic banking sector to meet the demands of the state budget. For local banks faced with reduced borrowing demand, the easy yield offered by a steady supply of treasury bills (T-bills) represents an attractive route to growth....
Articles & Analysis | Leading the way: A look at the top five players in the sector from The Report: Egypt 2013
Ongoing political uncertainty, muted GDP growth and the threat of reduced business volumes that these factors carry with them has resulted in a number of ratings agencies giving Egypt’s banking sector a negative outlook. However, Egypt’s largest banks have demonstrated a high degree of resilience to date, with their bottom lines supported by the...