Africa Expert Meeting on Egypt’s Macro Outlook Following a Turnaround in Liquidity in Q1- 2024

After the success of the first edition of Africa Expert Breakfast focusing on Egypt, NABC and Standard Chartered Bank are hosting a virtual follow-up session on the 16th of May at 14:00 PM CEST.

The virtual follow-up session will highlight the developments in Egypt’s macro outlook following the floatation of the pound, the sharp raise of the interest rate by 600 bps, and the influx of foreign exchange (FX) investments.

After promises to the International Monetary Fund (IMF) of a flexible exchange rate and the emergence of a pronounced black market in FX, the Egyptian government decided to float the Egyptian Pound (EGP) this March. Consequently, while gradually curbing the inflation rate, Egypt has further secured an $8 billion loan and grants package from the European Union to address migration issues, a $35 billion investment from the United Arab Emirates to further develop tourism, and an extension of the IMF rescue package by $5 billion – extending confidence in the country’s economy. The session will assess the implications of these macroeconomic developments on the country’s growth and foreign liabilities position, particularly given external pressure by geopolitical conflicts alongside anxiousness within the local economy.

Kindly be informed that registration does not guarantee automatic admission. Following registration, you can expect to receive the final decision on your admission within three days.

About Africa Expert Breakfast:

Africa is the fastest-growing region in the world with a continuously changing economic, political, and social landscape. Staying on top of the latest developments and what they mean for your business can become tedious, especially with an already tight schedule. The Africa Expert Breakfast brings together seasoned CEOs, Founders, and Directors for a 90-minute round table discussion providing high-profile insights and fresh market perspectives saving you time and resources.

Benefits of joining Africa Expert Breakfast:

• Access to top-level experience-based knowledge;
• Stay on top of market trends that matter;
• Save time and resources by learning from fellow peers;
• Connect with fellow market leaders and grow your network.