Headline and core inflation commence anticipated downtrend. November 2017 annual headline and core inflation fall by 5% as the base effect starts adjusting. Headline inflation dropped to 25.9% in Nov-17 from 30.8% in Oct-17 and a peak of 32.9% in Jul-17. Core inflation also fell to 25.5% in Nov-17 from 30.5% in the previous month, and its July peak of 35.2%. However, this level still came higher than our 18-20% forecast. We attribute this to the gradual upward adjustment in price levels in the 2-3 months following the EGP floatation and not to current inflationary pressures. Accordingly, we maintain our view that inflation should fall below the 20% mark, yet we expect this to materialise in 1Q18.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.