Background: Egypt is one of the largest economies in Africa with GDP in the region of $336 billion and a population of 92 million. Based in the North of Africa, Egypt is a major exporter of crude oil and is also diversified in vegetables, fruit, Suez canal revenues and manufacturing. The table below reflects Egypt’s main areas of trade by product percentage (source: UNCTAD):
Geo-Economic Structure: Egypt has a large domestic market and strong positioning between Africa and the Middle East. The political landscape remains uncertain given the sustained levels of poverty and unemployment. The geo-political landscape remains high risk although the size of the economy continues to attract investors. Egypt recently introduced a free floating exchange rate which helped in raising $12bn from the IMF. The economy is growing at an average of 3% per annum.
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