En Français The African continent accounts for around 6% of global sugar output, half of which is concentrated in COMESA countries – a figure that is set to expand to 8% by 2029. While local production takes place on a relatively small scale, countries in the region are among the world's largest net exporters. Looking ahead, the industry's continued development will be supported by the Africa…
– Textile and fashion is the world’s second-largest industrial polluter, behind oil and gas – Concerted efforts are being made to create more sustainable business models – Two solar-powered, sustainable textile plants under construction in Togo and Benin – Increased cotton processing could mean value-added textile earnings stay in West Africa With textiles and fashion expected to…
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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…
In this Global Platform video, Ahmed Shalaby, President & CEO of Tatweer Misr, talks about the expansion and developments being made in the real estate sector. Egypt has plans to develop 35 to 40 new cities in the next 40 years, focusing on providing jobs, housing, infrastructure and services to meet the needs of the country’s quickly growing population. Joint efforts from the government and
As part of its ongoing research into the impact of Covid-19 on the Egyptian economy, Oxford Business Group’s Regional Editor Harry van Schaick recently interviewed the country’s Minister of Communications and Information Technology, Amr Talaat, to explore his insights into how the pandemic has affected the country’s digital transformation agenda. The interview is part of a broader series
As one of the few countries which are forecast to grow in 2020 and the only forecast to grow in the MENA region this year, Egypt’s economy has remained remarkably resilient. This is closely linked to the well capitalised financial services sector which has ensured credit has flowed to companies and individuals during the height of the pandemic. In the exclusive vidcast with Oxford Business Group,
In this Global Platform video, Shady Ali Hussein, chairman of the Reversing Medical Tourism Flow Organisation, talks about the advances being made in Egyptian dentistry technology, its contribution to higher levels of medical tourism and its role in the retention of skilled dental professionals. As Egypt has 15,000 dentists graduating each year, attractive positions and high salaries are keeping them
On fuelling economic growth in Africa through insurance penetration In what ways did the Covid-19 pandemic impact the insurance sector in Africa? FARID CHEDID: Government measures to reduce the spread of Covid-19 such as national lockdowns have translated into slow economic growth, and in some cases recession. The performance of the insurance sector is traditionally closely linked to that of the…
