Key View

• Due to the Covid-19 pandemic, we have made downward revisions to our 2020 and 2021 medical device forecasts.
• We now project that the medical device market in Egypt will grow by 1.8% in 2020 and contract by 1.7% in 2021 in local currency terms, down from the 16.7% and 16.2% that we were previously forecasting for 2020 and 2021.
• Consu

Key View:

• At Fitch Solutions, we believe the Central Bank of Egypt (CBE) will hold the overnight lending rate firm at 10.25% over the remainder of 2020.
• A weakening pound (EGP) and what appears to be active efforts by the bank to stem the depreciation, suggest that further rate cuts are off the cards in the next few months, especially in the

Key View

• Supported by strong underlying factors and roll-out of universal healthcare, Egypt’s pharmaceutical market will post robust growth in the coming years.
• Strong competition from foreign firms and currency fluctuations will present a challenging environment for Egyptian drugmakers.
• This is compounded by restrictive pricing policies and

Key View

• International drugmakers will continue to view Egypt as a relatively attractive investment destination.
• Universal healthcare rollout and the establishment the Egyptian Drug Authority bode well for the attractiveness of the domestic market.
• Growing competition and a number of structural threats in the target markets will pose

Key View

• Egypt is positioning itself as a leading fintech hub in North Africa, with the government and central bank creating an environment in which new applications can be tested in a live context.
• Egyptian fintech companies are beginning to establish a wider presence and would enjoy a first mover advantage in neighbouring markets where to

Key View

• We at Fitch Solutions expect Egypt’s real GDP growth to remain strong in the near term, at 5.7% in FY2019/2020 (ending June 30).
• Government investment will likely remain a key driver of activity, although private sector investment is also likely to pick up to some extent as monetary policy eases.
• Lower inflation and easing fiscal

Key View

• Vodafone is supporting the Egyptian government in building the country’s new Health Insurance IT System, using the UK's National Health Service (NHS) as a template.
• The telecoms operator could seek to increase its presence in the digital health and telecare markets in Egypt, beginning with services tailored to consumers’ needs.
• In