New study underscores the need for legal reforms to encourage local startup investment.,
Egypt’s economic growth is expected to slightly narrow in 2024, according to the African Development Bank (AfDB), dropping from an estimated 4% in 2023 to 3.7% in 2024
The new loan - aka Private Sector Development and Economic Diversification Support Program, Phase 1 - will “promote private sector development and economic diversification,” AfDB explained in a statement
Egypt's outstanding organization and hospitality shine at the African Development Bank Group's annual meetings.
The AfDB projects Egypt’s average inflation rate at 14% for the next fiscal year (FY2023/2024), down from 20%, citing “high food and nonfood prices and the devaluation of the Egyptian pound against the US dollar"
