Welcome to Africanews

Please select your experience

Watch Live

Business Africa

business-africa

Egypt's economic reforms [Business Africa]

Egypt's economic reforms [Business Africa]

Business Africa

A more constructive engagement is needed between the private sector and the Egyptian government. According to a Cairo- based think thank this should hopefully lead to employment opportunities within the private sector. Despite data showing that economic reforms are working in this North African nation, residents say this is yet to reflect in their day-to-day lives. As a 2016 IMF deal draws to a close, question is, has the ordinary Egyptian not reeled under pressure for far too long?

And economic growth slowed to 1.94 percent in Africa’s most populous nation, Nigeria in the second quarter of 2019. Bloomberg reports that expansion in the continent’s biggest oil producer also slacked from 2.1 percent in the first quarter. But Nigeria’s central bank has moved in to support expansion. Key measures include interest-rate cut and more credit by lenders to promote growth.

To give hope too to the private sector that these changes will effect positively for the private sector if the government is able to broaden it's budget...

View more