COVID-19 has shaken every cornerstone of the global economy, and the financial sector is no exception. AmCham Egypt’s 2020 Finance Industry Insight takes a deep dive into the pandemic’s impact on Egypt’s key banking and non-banking financial subsectors and assesses the sector’s role in driving economic recovery going forward.
The issue starts with a macroeconomic round-up followed by a look at the retail banking segment, which will be crucial in stimulating household spending amid challenging times. Chapter three, on financial inclusion, explores the growing role of non-banking finance in the sector to draw more people and companies into the system, while chapter four offers the latest on the still-nascent insurance industry. The final chapter covers the stock market and private equity, with a special look at The Sovereign Fund of Egypt.