CI Capital arranged one-on-one investor meetings for the Egyptian Finance Minister Amr El-Garhy in London on 26 April. Several meetings were held and attended by El-Garhy, alongside global fund managers who manage assets totalling $3.7tn.
CI Capital stated that the positive outlook of investors on Egypt was strengthened by the economic reforms currently undertaken, illustrating the country’s economic potential.
During the meetings, the minister also discussed, at length, the current issues that Egypt is facing, which included inflation and means to expedite growth and employment opportunities. El-Garhy also shed light on attracting foreign direct investment, revitalising the Egyptian tourism sector, and implementing key reforms on expenditures and revenue as tools for fiscal consolidation.
The bank noted that the overall sentiment towards Egypt among investors and fund managers was promising.