The tourism industry in Egypt is continuing its drive to regain its international reputation as a world-class destination and to further develop non-traditional tourism niches, as the government remains determined for the sector to retain its position as a key driver of the economy and critical source of foreign currency, even after five...
Regaining its status as a traditional tourist destination has been a key focus for Egypt’s tourism industry over the past few years, after its reputation was damaged during the post-2011 period of political instability. The further loss of several high-volume markets in 2016 – including Russia and Italy – has prompted sector authorities not...
Africa is a diverse continent, with roughly 1bn people, 54 countries and thousands of languages. Additionally, many of its economies are facing similar challenges. One of the most common obstacles African markets face is a shortage of affordable housing. Kenya has a housing gap of approximately 2m homes, for example, while more than 12m people...
What is the biggest obstacle to overcome to ensure the new capital achieves its objectives?
Recent macroeconomic trends – particularly the depreciation of the Egyptian pound and the foreign currency shortage – reflected both positively and negatively on Egypt’s real estate market throughout 2016, resulting in mixed results and predictions across the sector. In March 2016 the Central Bank of Egypt made the decision to devalue the...
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