FEP Capital signs MOU with Oxford Business Group

(Arab Finance) The global publishing, research and consultancy firm Oxford Business Group (OBG) announced in a statement sent to Arab Finance that it will explore a report for the key role earmarked for Egypt’s small and medium-sized enterprises (SMEs) as a driver of growth.

The Report: Egypt 2017 will look at the part that the country’s capital markets are beginning to play in helping smaller enterprises to expand.

Topics set for analysis include the country’s new banking regulations, which could be pivotal in helping firms to secure financing. There will also be in-depth analysis of the challenges that SMEs eyeing growth face, which include delays in the implementation of the investment law and the length of time it takes a company to list.

FEP Capital has signed a memorandum of understanding (MOU) with OBG for the firm’s forthcoming report on Egypt. Under the MOU, the company will collaborate with OBG for the first time to compile and produce an analysis on small and medium-sized enterprises (SMEs) in The Report: Egypt 2017.

Omar Adel El Maghawry, FEP Capital’s CEO, said he was delighted to be teaming up with OBG for its analysis of the SME sector, pointing out that smaller businesses were widely regarded as the backbone of the Egyptian economy.

“With financing options limited, small and medium-sized enterprises have begun to look at private equity as an alternative source of funding,” he said. “I look forward to exploring the significance of this and other developments with Oxford Business Group’s team, as the government moves to implement its plans for sustainable growth.”

Emilie Wilson, OBG’s Country Director in Egypt, welcomed FEP Capital on board, saying the firm’s local knowledge would bring something extra to the research process.

“Momentum is building among Egypt’s businesses, despite the challenging economic environment,” she said. “Our report will highlight the difficulties that SMEs come up against when seeking funding and also examine the measures being considered to help remove barriers to growth. FEP Capital’s experts are already contributing to the national dialogue on this topical issue and I’m thrilled that our research will benefit from their input.”

The Report: Egypt 2017 will be a vital guide to the many facets of the country, including its macroeconomics, infrastructure, banking and other sectoral developments. The publication will also contain interviews with leading representatives, including the President of Egypt Abdel Fattah Saeed Hussein Khalil el Sisi, the Prime Minister of Egypt Sherif Ismail, the Minister of Finance Amr El Garhy and the Governor of the Central Bank of Egypt Tariq Amer. It will be available in print and online.