Country Insight: Egypt
The Egyptian economic recovery is struggling to gain traction following a robust performance in 2020. We expect the economy to expand by just over 3% in 2021, with a softening in consumer demand following a remarkable, policy-induced performance over the past two years. However, Egypt is still host to some of the continent’s brightest consumer spending hotspots and has seen an improvement in its investment environment due to favourable reforms.
What you will learn from this report:
- Cairo is by far Africa’s largest city consumer market while Mahalla el-Kubra is estimated to have the highest spending per capita in North Africa.
- While we expect tourism spending to increase by around 46% this year, the sector is only expected to recover to 2019 levels by 2024.
- Political rights issues will not materially affect Egypt’s relationship with major Western partners as Cairo remains a major purchaser of arms from these countries.
Africa Watchlist 2024: Devaluations, coups, and green hydrogen
Next year holds promise for the dawning of a new industry in Africa and somewhat of a commercial renaissance taking place in Kenya – East Africa’s economic anchor. Our watchlist for 2024 also foregrounds major currency devaluations in Ethiopia and Egypt and a strong probability of coups d’état in Cameroon and Tunisia. We expect support for the African National Congress (ANC) to drop below 50% in South Africa's general elections, but that coalitions with smaller parties will allow the ruling party to cling to power.Find Out More
Capital catalysts – Funding development when budgets are tight in Africa
In this presentation deck, we grappled with some of the Africa’s most pressing issues for 2024 and beyond. We explored Africa’s alternative funding strategies during challenging times, examined the continent’s growth hotspot, and unpacked South Africa’s political economy in the lead up to the general elections in 2024.Find Out More