Key View

• Supported by strong underlying factors and roll-out of universal healthcare, Egypt’s pharmaceutical market will post robust growth in the coming years.
• Strong competition from foreign firms and currency fluctuations will present a challenging environment for Egyptian drugmakers.
• This is compounded by restrictive pricing policies and

Key View

• International drugmakers will continue to view Egypt as a relatively attractive investment destination.
• Universal healthcare rollout and the establishment the Egyptian Drug Authority bode well for the attractiveness of the domestic market.
• Growing competition and a number of structural threats in the target markets will pose

Key View

• Egypt is positioning itself as a leading fintech hub in North Africa, with the government and central bank creating an environment in which new applications can be tested in a live context.
• Egyptian fintech companies are beginning to establish a wider presence and would enjoy a first mover advantage in neighbouring markets where to

Key View

• We at Fitch Solutions expect Egypt’s real GDP growth to remain strong in the near term, at 5.7% in FY2019/2020 (ending June 30).
• Government investment will likely remain a key driver of activity, although private sector investment is also likely to pick up to some extent as monetary policy eases.
• Lower inflation and easing fiscal

Key View

• Vodafone is supporting the Egyptian government in building the country’s new Health Insurance IT System, using the UK's National Health Service (NHS) as a template.
• The telecoms operator could seek to increase its presence in the digital health and telecare markets in Egypt, beginning with services tailored to consumers’ needs.
• In

Key View

• At Fitch Solutions, we believe Egypt’s current account deficit will widen marginally over the coming quarters, hitting 2.5% of GDP in FY2019/20, from an estimated 2.4% in FY2018/19.
• A widening trade deficit will drag most on the current account, driven by a rise in non-oil imports.
• However, tourism revenue and remittances will keep