Since the election of President Abdel Fattah El Sisi in 2014, Egypt’s economic policy has been centred on reducing public sector costs and boosting private sector growth. Five years after Egypt began to implement a comprehensive reform of its economy, the nation’s macroeco-nomic indicators are showing sustained improvement. However, while accelerating growth and a narrowing fiscal deficit have...
Africa Economy
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Chapter | Country Profile from The Report: Egypt 2019
Egypt gained independence in 1922 with the end of the British protectorate, but it has operated as a presidential republic since the 1952 revolution. President Abdel Fattah El Sisi is the current leader and has served since June 2014, while the current prime minister and head of government in office since June 2018 is Mostafa Madbouly. The country’s economy has struggled since the 2011...
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.
The Central Bank of Egypt (CBE) has announced plans to sell a stake in one of the country’s state-owned lenders later this year as part of a privatisation drive aimed at boosting public coffers.
To bridge gaps in transport and utilities, Nigeria is set to invest up to $20bn in nationwide infrastructure plans over the next decade, paving the way for broad-based economic expansion.
Articles & Analysis | Construction, tourism and agri-business helped diversify Fez-Meknes economy from The Report: Morocco 2019
Boasting a dynamic and diversified economy, the Fez-Meknes region contributed 9.4% to Morocco’s national GDP in 2018, fourth by economic output behind the Casablanca-Settat, Rabat-Salé-Kenitra and Tanger-Tetouan-Al Hoceima regions. Established in 2015 as one of 12 distinct administrative areas through the territorial reorganisation mandated by...