A summary of last week’s major macroeconomic updates and indicators brought to you on one page for your convenience.
Coverage from November 15 to November 21:
Unemployment rates in Egypt have reached 7.5% during the Q3 of 2021, Central Agency for Public Mobilization and Statistics, (CAPMAS) revealed.
Egypt contributed $2.7 billion to the intra-group trade of the Common Market for Eastern and Southern Africa (COMESA) countries in 2020, making it the largest share in the group, Ministry of Trade and Industry (MTI) reported.
Egypt accounts for 20% of the export volume within COMESA, with a total of $2 billion, MTI said.
The trade exchange and joint investments between the Egypt and South Africa amounts to $139.5 million in 2020, including Egyptian exports worth $68.3 million, MTI announced.
European Bank for Reconstruction and Development (EBRD) invested EUR 7.7 billion in Egypt to implement 134 projects since 2012 including 75% for the private sector, Ministry of International Cooperation (MOIC) revealed.
The number of technology Egyptian start-ups has reached 562 companies during 2021, representing 19.8% of the total African companies, Information and Decision Support Center (IDSC) said.
Egyptian start-ups have received funds worth $403.6 million during 2021, including sectors of e-commerce, financial technology, electronic healthcare, and digital education, IDSC disclosed.
