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Business Today - Dec 2022 - Jan 2023 issue

In our first issue of 2023, BT looks at the year’s upcoming economic challenges, possible implications of the CBE’s withdrawal of the letters of credit system, boosting exports, and Jazeera Paint’s aim to revolutionize Egypt’s paint industry

In our first issue of 2023, BT looks at the year’s upcoming economic challenges, possible implications of the CBE’s withdrawal of the letters of credit system, boosting exports, and Jazeera Paint’s aim to revolutionize Egypt’s paint industry

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In-Depth

By Noha El Tawil

Egypt has been working towards the localization of

many industries and turning into a manufacturing

hub that would supply to Africa and the region, leveraging

its unique location. Attracting foreign direct

investment (FDI), is paramount, to bring in not only money but

also new technology. That is in addition to its most important

functions, which are creating employment opportunities and

contributing to the economic growth of the country. However,

global crises are disrupting the progress achieved so far, so solutions

have to be devised.

www.BusinessTodayEgypt.com January 2023

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