Egypt has second greatest capital market in Africa, study says

A report by Forbes Global magazine and the Mlicken Institute in Egypt has found that Egypt owns the second-largest capital market in Africa, after South Africa.

The report, moreover, said that Egypt has a large banking sector and good financial market that were able to lure local and foreign savings, rather than large liquidity.

Morocco came in the fifth position as it maintained the lowest rate of inflation in Africa that amounted to 0.9%, a good environment to attract investment and high economic stability.