Egypt’s pundits ask: Has Egypt done enough to earn a spot among the BRICS? To earn a spot, Egypt needs to buckle down and formulate a comprehensive economic vision with specific goals that all state institutions can work on implementing, Alaa El Hadidi writes for Al Shorouk. It’s not enough that the size of Egypt’s economy is relatively close to that of South Africa, particularly as we compete with other countries such as Mexico, Guinea, and Thailand, El Hadidi says. On the flipside, Al Ahram’s Mohamed Hegazy argues that the government’s aggressive economic reform program should be enough to secure a place in the group. Hegazy also points to improvements in Egypt’s investment climate and mega projects, as well as the government’s commitment to development and equitable growth.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Electricity Ministry studies changing how your electricity bill gets calculated
The plan is still under study, and neither of the…
Africa’s corporate debt market is just 0.3% of the world’s, with Egypt’s share more than halved since 2010
The OECD puts Africa’s market-based corporate debt at USD 211…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…