Monday, 25 May 2026
Source: Egypt’s Cabinet
Egypt highlights new investment reforms at London event
London — The head of Egypt’s Financial Regulatory Authority (FRA), Dr. Mohamed Farid, delivered a keynote address this week at the London Stock Exchange during the prestigious "Egypt Day" event. Organized by the Egyptian-British Business Association (BEBA), the gathering provided a platform for international investors to explore Egypt's rapidly evolving non-banking financial sector under the banner, "A New Era for Egypt... Investment Opportunities."
Dr. Farid was joined by a high-level Egyptian delegation that included senior officials from the Ministry of Finance, Central Bank, and other governmental bodies, underlining Egypt’s commitment to economic growth, business reform, and international partnership.
Confidence building and business reform
In his remarks, Dr. Farid emphasized Egypt’s determination to reform and strengthen the non-banking financial sector—ranging from capital markets and insurance, to fintech and investment funds—as a cornerstone for investor confidence, both local and foreign. “Investment credibility starts with the local investor’s trust in our policies and business environment,” he said, affirming that strengthening governance, market stability, and investor protections are at the heart of the FRA’s mission.
Supporting Egypt’s Vision 2030
Dr. Farid outlined how the FRA’s agenda supports Egypt’s national development strategy, "Vision 2030," which aims to empower the private sector, increase its contribution to economic growth, and promote sustainable development. Central to this, he noted, is a digital transformation across the financial industry—expanding access, improving security, and simplifying procedures to make markets more inclusive and resilient.
Highlighting recent milestones, Dr. Farid discussed the FRA’s regulatory support for fintech, digital onboarding, and investment fund innovation. He pointed to the significant uptake of new products, including over 200,000 new gold investment fund accounts opened in just one year, with inflows surpassing 2 billion EGP.
“Our strategy is to continuously diversify financial products and services,” Dr. Farid explained. These efforts help individuals and institutions meet their financial goals, while fostering a dynamic, modern investment landscape.
The FRA continues to update Egyptian accounting standards to increase transparency and ensure financial statements reflect the true value of companies—enabling smarter investment decisions. New guidelines for valuing start-ups, especially those before profitability, are designed to fuel entrepreneurship and innovation, opening access to essential growth capital.
Addressing the critical need for sustainable investment, Dr. Farid highlighted the launch of Egypt’s first regulated voluntary carbon market, a pioneering effort among African countries. This initiative allows local and regional projects to access international climate financing and contribute to global emission reduction efforts. With Africa facing an annual climate finance gap exceeding $100 billion, Dr. Farid called for greater private sector involvement, noting that only 14% of climate funding on the continent currently comes from private sources versus 49% globally.
Dr. Farid concluded by reaffirming Egypt’s commitment to creating a stable, transparent, and competitive regulatory environment that attracts investment and fuels growth. “Our goal,” he said, “is always to set clear, stable, and flexible legislative and regulatory policies that enhance the competitiveness of Egypt’s financial markets.”
The "Egypt Day" event featured open dialogue with global investors and provided updates on regulatory reforms, digitalization, and new opportunities across Egypt’s non-banking financial sector. The message to the international community was clear: Egypt is open for business and eager to partner with investors in shaping its economic future.