Egypt

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.

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Quarantine measures have been extended in Egypt, deepening the impact of the coronavirus on businesses, and small and medium-sized enterprises (SMEs) in particular. The country’s banks are adapting to the crisis through increased digitalisation, but will this prove a lasting change?

As the global economy faces a significant downturn, funds in Egypt are looking to bolster the start-up ecosystem to ensure innovative firms are supported.

Egypt’s total of 1173 recorded Covid-19 cases and 78 deaths, as of April 5, places Africa's third-most populous country significantly below the global per capita averages for both counts as the pandemic continues to disrupt the global economy.

Several positive macro-economic developments gave the Egyptian economy a boost in 2019.

What are the ministry’s priorities with respect to restructuring the public sector, and taking steps to improve efficiency and boost profitability?

Egypt is moving ahead with plans to transform its renewable energy capacity, spearheaded by the development of a major solar power station.

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