The conference connects investors from some of the world’s largest financial institutions with government leaders to draw attention to EGX’s most exciting investments.
EFG Hermes, the leading emerging frontier markets (EMF) financial services company, yesterday kicked off its fourth Egypt Day conference titled “Shaping the Investment Landscape”. Group, led by Egyptian Prime Minister Dr. Moustafa Madbouly. The cohort included Minister of Planning and Economic Development, Dr Hala El Said, Minister of Finance, Dr Mohamed Maait, CEO of Egypt’s Sovereign Fund Ayman Soliman, representatives of the International Monetary Fund (IMF) and representatives of the Central Bank of Egypt. .
The event saw 30 investors from 21 world-class financial institutions with $ 15 trillion in assets under management (AUM) meet the CEOs of some of the country’s largest companies in the banking, fintech, real estate, logistics and e-commerce. This year, the conference hosted some of Egypt’s most promising emerging companies as part of the firm’s efforts to support local businesses and present growing investment opportunities to investors.
Karim Awad, Managing Director of EFG Hermes Holding, said: “With the country’s strong fundamentals and positive economic outlook, Egypt is gaining attention as a promising investment gateway. We commend the Egyptian government for taking strong and swift steps towards economic reform, which has had a tangible impact on the country that has been truly felt by institutional investors. Today, EFG Hermes is the leading investment banking franchise within FEM and Egypt’s first universal bank, which puts us in a unique position to attract foreign direct investment and catalyze change to drive growth. growth and development in our domestic market. The continued success of the Egypt Day Conference is positive proof of our commitment to bridge the gap between foreign capital and compelling local investment opportunities in one of the fastest growing economies in the world.
The latest iteration of the conference was held before the start of the Covid-19 pandemic in December 2019, welcoming 27 representatives from 22 global institutions from the US, UK, Germany, South Africa and the GCC representing $ 5.5 trillion in AUM.
Mohamed Ebeid, co-managing director of investment banking at EFG Hermes said: -19 pandemic. From strengthening private sector participation in several sectors to empowering financial inclusion and, more recently, taking action to reduce taxes and fees on EGX trade and the incentive for companies to IPO, the government has made efforts to turn Egypt into an attractive investment hub. Today, investors will view the participation of listed companies and some of the country’s most promising emerging companies as well as government officials at the conference as a signal that the public and private sectors will continue to work hand in hand to maximize capital – income flows into the country.