The government’s efforts to keep prices in check are not sustainable in the long run, Ziad Bahaa El Din argues in a piece to Al Shorouk. Rather than trying to impose greater oversight on the market to regulate prices — which has proved inefficient for a number of reasons that include the large size of the country’s informal sector — the state should focus on making basic services, such as healthcare, education, and infrastructure, more readily available, he writes. The government should also promote entrepreneurship and reconsider its policies on NGOs, which used to compose a parallel social security net.
More from Enterprise
How correspondent banking works, and what the FinCEN clampdown on Banque Misr UAE means for business
As FinCEN proposes cutting Banque Misr’s UAE branches from USD…
Inside the financing of Egypt’s IPP boom
The contracts and the resources are proven, so the open…
EGX30 gained 2.79% in 3Q, but September gave back most of its July-August run, with mid-caps falling the hardest
Small- and mid-cap indices widened their lead over the benchmark…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…