The most optimistic vision for Egypt’s economic future rests on a private sector that is allowed to grow and thrive. A combination of red tape, restrictions and state-owned monopoly has long prevented private firms from meeting their true potential. Egyptian authorities say they mean business this time – but there are some tough barriers that need breaking.

Africa’s economic growth has slowed markedly over the last 10 years. The solutions are many, but ultimately African countries need to move further up the value chain and diversify into new products. This means more trade - much more.

It is often said that African countries trade more with countries outside the continent than amongst themselves, in part as a legacy of the old colonial development model. Bolstering intra-Africa trade is not only welcome but also a key answer to sluggish economic growth. Progress through tools such as the African Continental Free Trade Area (AfCFTA) is happening, but not as fast as it could.

In South Africa, a new generation of digital banks and fintechs are offering credit and convenience to even the smallest SMEs. This provision of financing to the full spectrum of small and medium sized businesses could provide a path for other players to follow.

Extending banking services to African SMEs is vital to ensure economic and social progress, requiring both a regulatory effort from above and private sector problem-solving from below. Many of the continent’s most dynamic markets are now showing signs of progress.

Issuance of sustainable finance across Africa has risen rapidly in recent years. Yet activity is still only a fraction of what it could be. Can the market overcome its challenges and reach its potential?