6 Days
Source:
بوابة الفجر
Minister of Planning urges resilient economies amidst geopolitical shifts
The Minister of Planning and Economic Development emphasized the importance of building more resilient economies to face the rapidly evolving global and regional geopolitical developments, with a focus on the insurance sector as a key driver of growth and financial stability. He highlighted that despite challenges such as commodity price volatility and the COVID-19 pandemic, Africa has experienced a strong recovery with an estimated growth rate of around 4.4% in 2025, supported by significant financial assets. However, the African insurance market contributes no more than 2% of GDP, representing an opportunity to enhance strategic integration of savings and investment in infrastructure. He also pointed out Egypt's success in achieving sustainable economic growth, with the growth rate increasing from 2.4% to 5.2% within a single fiscal year, driven by robust expansion across various sectors and the insurance sector’s performance rising to growth rates between 8.9% and 12.5%.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)