CBE team leaves for London to promote investment in Egypt

A delegation of the Central Bank of Egypt - under CBE Governor Tarek Amer - left Cairo on Wednesday for London on five-day visit to promote investment in Egypt.

During the visit, the delegation will meet with officials of key companies, investment banks and financial institutions to post them on the latest positive economic developments in Egypt and the economic reform program.

Egypt has taken drastic measures recently, including exchange rate liberalization.

Two days ago, President Abdel Fattah El Sisi met with representatives of 27 regional and international investment funds who hailed the positive economic reforms in Egypt.

Franklin Templeton - which owns the largest investment funds in the world - expected Egypt to witness a boost in foreign investments after liberalizing exchange rate.