Egypt Macro I Investment-driven growth as the way forward
Political scene stabilizing. Formulation of parliament following elections scheduled for March and April 2015 will mark a new phase of domestic stability. Structural reforms have been the theme of the new cabinet with a focus on reforming the investment environment, rebalancing government finances, and reducing government debt. Reforms will open the way for higher rates of private investments, especially coinciding with a historically low base of investment growth. The gradual implementation of infrastructure projects, with a total cost of EGP280bn, lies at the core of the current investment theme with spill-over benefits to a group of sectors which represent at least 30% of GDP. A rebound in FDIs is a key factor in the investment equation, which we expect to reach USD8bn in FY14/15. Meanwhile, consumption will continue to provide support to economic activity, yet at a stable rate consistent with the historical trend.
CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance, and investment banking products and services.
Through its headquarters in Cairo and presence in New York and Dubai, CI Capital offers a wide range of financial solutions to a diversified client base that include global and regional institutions and family offices, large corporates, SMEs, and high net worth and individual investors.
CI Capital leverages its full-fledged investment banking platform to provide market leading capital raising and M&A advisory, asset management, securities brokerage, custody and research. Through its subsidiary Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital offers microfinance lending through Egypt’s first licensed MFI, Reefy.
The Group has over 1,700 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets and a deep understanding of local market dynamics.
CI Capital has been recognized as the “Best Investment Bank in Egypt” by EMEA Finance for four years running from 2013-2016, and by Global Finance in 2014 and 2015.
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