Egypt Set For Strong Rebound, But Slow Vaccination Rate To Limit Upside
Country Risk / Egypt / Thu 06 May, 2021
Central Bank Of Egypt To Keep Real Policy Rate Elevated
Country Risk / Egypt / Tue 04 May, 2021
Key View
- We at Fitch Solutions have revised our monetary policy outlook for Egypt as we now expect the CBE to leave the lending and deposit rates at their current levels, at 9.25% and 8.25% respectively, after previously having expected a cut.
- Indeed, during its April monetary policy meeting, the CBE struck a less dovish tone than previously
Egypt's Current Account Deficit To Widen In FY2020/21, Narrow In FY2021/22
Country Risk / Egypt / Tue 27 Apr, 2021
Key View
- At Fitch Solutions, we expect that Egypt’s current account deficit will widen modestly from an estimated 3.0% of GDP in FY2019/20 to 3.5% in FY2020/21 on the back of a fall in tourism receipts and subdued remittance growth.
- However, the gradual lifting of travel restrictions and rebound in external demand on the back of global
Egypt, Sudan Plans To Construct 900km Inter-Country Railway Line
Logistics & Freight Transport / Egypt / Fri 16 Apr, 2021
News: The transport ministries of Egypt and Sudan plan to construct a 900km railway line project linking both countries, reports Arab News. The first phase of the project is likely to develop a link between Aswan and Wadi Halfa. The Egyptian ministry proposed possible routes for the link, starting from Aswan to Toshka and an Abu Simbel path with a
Quick View: Temporary Suez Canal Blockage Highlights Trade Concentration Risks
Operational Risk / Egypt / Fri 26 Mar, 2021
The Latest
The Suez Canal has been critical in the acceleration of globalisation (and East-West trade) since its inception. However, in the week of 22 March 2021 the Ever Given vessel ran aground across a narrow stretch of the Suez Canal, blocking maritime traffic along the route. In the near term, the focus will be on dredging around the vessel
Sanitation And Treatment Key Areas For Egypt's Water Infrastructure
Infrastructure / Egypt / Fri 12 Mar, 2021
Key View
- Investment in water infrastructure in Egypt will increase over the coming years as persistent water stress and plans to support domestic agricultural production intensify water sanitation and reuse demand.
- Public-Private Partnerships (PPPs) will play a larger role in Egypt's water infrastructure sub-sector as Egypt benefits from a
Vodafone Egypt To Take Advantage Of Fast Growing Fintech Market
Banking & Financial Services / Egypt / Mon 01 Mar, 2021
Key View
- Vodafone Egypt is to take advantage of the growing fintech market in Egypt, acquiring a stake in two e-payment companies.
- The investment comes as the Egyptian government is creating a welcoming environment to foster the fintech ecosystem, positioning the country to become a sector leader in North Africa.
- By diversifying its offerings
Egypt's Regional Gas Hub Ambitions Supported By Israel Imports, Hindered By Rising Demand And Falling Production
Oil & Gas / Egypt / Tue 02 Feb, 2021
Key View
- Egypt will import increasing volumes of natural gas from Israel over the medium-term, as Egypt relies more on imports to achieve its ambition of becoming a regional gas hub.
- Whilst the upstream investment picture is looking positive, Egypt’s gas production is forecast to peak at over 65bcm in 2022 and decline thereafter without
Egypt-Ethiopia GERD Dispute: New Risks Emerge, Though Diplomatic Solution Still Appears Likely
Country Risk / Egypt / Mon 21 Dec, 2020
Key View
- Negotiations to resolve the water management dispute over the Grand Ethiopian Renaissance Dam (GERD) are due to resume shortly but will remain difficult, with significant progress unlikely in the immediate term.
- The Tigray conflict within Ethiopia risks undermining the Ethiopian bargaining position on GERD relative to Sudan and to a
Infinix To Diversify Supply Chain Through Egypt Manufacturing Centre
Consumer & Retail / Egypt / Thu 10 Dec, 2020
Key View
- Infinix’s move into Egypt is in line with its plans to diversify supply chains in the wake of the COVID-19 pandemic.
- The medium-to-long-term outlook for Infinix’s successful African expansion is positive, with the latest initiative supported by forecast robust growth of Egypt’s youthful population and equally strong demand for low
