Legislative, economic reforms drive Egyptian market growth: Misr Capital

Khalil El-Bawab, co-CEO and Managing Director of Misr Capital, Banque Misr’s investment arm, has spoken highly of growth opportunities that are expected in the Egyptian market this year.

In an interview with Daily News Egypt, El-Bawab said that these opportunities will be seen in various financing instruments, and are set to continue over the coming years.

What are the main challenges the capital market currently facing?

The novel coronavirus (COVID-19) crisis is still the biggest challenge now. Delaying the vaccine will cause it to remain an obstacle for growth, despite the state’s efforts in economic reforms, and the recent boom in legislation which would put Egypt on the right track.