The private sector is Egypt’s best bet for real economic growth and the state must pave the way for it to flourish, Fahim Mostafa writes for Al Borsa. Mostafa encourages the government to take the backseat and work as a regulator of the economy rather than a main actor. He also says that more legislative reform is needed to encourage private investment, stressing a need for it to be supported by key policy changes, such as a gradual decline in interest rates and enlisting the private sector’s help in managing public services.
More from Enterprise
The National Bank of Egypt and Banque Misr just hiked rates on CDs — moves that could see the EGP gain against the USD
NBE and BM both hiked rates on CDs by 125…
Qatar’s Green Sky Capital secures financing for USD 200 mn SAF plant
The facility could add more than 10% to global SAF…
EGX30 erases March losses with 14.2% April surge
The rally piled on roughly EGP 433 bn in market…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…