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Wednesday, 3 January 2018

Investors in Africa to watch for elections in Egypt -Bloomberg

Investors should keep an eye on the presidential elections slated for this year, Bloomberg says in its guide for what investors should watch for in 10 key African markets in 2018. The elections will signal if the president will move ahead with the “deep economic reforms that have gone down well with portfolio investors, but left ordinary Egyptians reeling from subsidy cuts and high inflation.” The report says Africa was a “happy hunting ground” last year, “but risks abound, among them policy tightening in advanced economies, local and global politics, weakening currencies and another fall in oil prices. And then there is credit risk.”

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