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...
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Chapter | Country Profile from The Report: Egypt 2019
Chapter | Table of Contents from The Report: Egypt 2019
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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.
The shortage of foreign exchange liquidity in Papua New Guinea’s economy appears to be easing, with increased currency inflows helping to meet the needs of both importers and the financial sector. However, it may be some time before the imbalance is fully rectified.
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.