Join African Energy managing director John Hamilton to discuss the potential and the pitfalls of investing in Egypt's energy sector.
Egypt is enduring its worst economic crisis since the shocks which accompanied the collapse of the Mubarak era in 2011 and the short-lived experiment with Muslim Brotherhood rule. Foreign-owned businesses are taking losses, unable to convert depreciating local profits into hard currency; agencies have downgraded the country’s risk ratings; and debt pressures are immense.
Yet many investors are holding on in the long-term expectation that promised reforms will reset this huge and potent market, opening up even bigger opportunities.
Oil and gas, renewable power, green hydrogen and water supply will be key elements of the economic revival if and when it eventually comes.
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