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
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…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Swvl is not dropping off of Nasdaq just yet, as company turns to the black in 2025
The company turned a profit last year, allowing it to…
Kiwe gets Central Bank green light to launch nationwide
The startup is backed by our friends at EFG Hermes,…