Despite relatively low banking and insurance penetration and capital markets participation, the stability and liquidity of Egypt’s financial institutions has supported measures taken to successfully navigate the Covid-19 pandemic. In the recovery phase, Egypt’s strategy to move towards a cashless economy and boost financial inclusion through digitalisation and financial technology (fintech) adoption will contribute to long-term economic growth. This new report focuses on the banking, insurance, capital markets, microfinance, venture capital and Islamic finance subsectors, and maps out their recovery with an eye towards trends in digitalisation, fintech, payments, blockchain and artificial intelligence.
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