Investment in agriculture could kickstart real economic growth in Egypt, says Adel El Zanaty. He explains that the 1.5 mn feddans project initiated by President Abdel Fattah El Sisi is the seed of a real economy, as it would not only cover local consumption of wheat, but will also leave enough to export. However, the lack of transparency in the implementation of the project could lead to opposite results, further burderning the state budget, he adds.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…