Elena Sanchez, Managing Director and Co-Head of Financials and Banking at EFG Hermes Research, provides key insights into the banking sector in MENA. New research by EFG Hermes has found that in the banking sector, the current credit quality backdrop is generally favorable, with short-term macro being supportive in the GCC. However, higher borrowing costs and […]
A curious case: Egyptian equities the better they look, the worse they have performed! Market sanity to return
By Ahmed Sarhan The Egyptian equity market has witnessed a strong correction since May-2018, with the benchmark (EGX30) losing 27% of its value since. But when you look at the strong fundamentals, low valuations, and a falling interest rate environment it becomes hard to fathom this downward trend. The 2016 IMF programme reshaped the economy […]
By EFG Hermes Research Kenya continues to be an attractive investment destination thanks to a number of measures taken by current President Uhuru Kenyatta to tackle fiscal and monetary reform, boost the local economy, and open the market to an inflow of funds. The outlook for the next six months is positive, post the expected […]
The New Consumer: How are companies winning and keeping customers in a tougher economic environment?
This post consists of notes from panel discussions at the 2019 EFG Hermes One on One conference in Dubai, UAE The morning’s second panel centered on that classical hallmark of emerging markets: The consumer economy and how companies are leveraging technology to build out new infrastructure, create strategies, and develop new ways to meet their […]