Egypt is one of five global emerging / frontier markets Citi’s clients think will do well this year, the Wall Street Journal notes in its This Week on the Frontiers column. Citi frontier markets analyst Andrew Howell says investors the bank surveyed in December “are enthusiastic about the prospects for a handful of markets” including Egypt, Pakistan, Vietnam, Sri Lanka and Romania.” Nigeria is out of favour (“beset by currency weakness, capital controls and poor economic growth”). Lebanon, Argentina, Kuwait and possibly Nigeria could emerge “from recession this year, although it might be too late to restore investor interest in [Nigeria].
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…