FRA Chief: Stock Market, Insurance, and Non-Banking Finance Offer Diverse Opportunities

Egypt’s Financial Regulatory Authority (FRA) Chairman, Mohamed Farid, met with economic journalists to discuss recent reforms aimed at strengthening the non-banking financial sector. These reforms include the launch of financial derivatives, market-making mechanisms, and short selling, alongside progress in the insurance sector and the establishment of Egypt and Africa’s first regulated voluntary carbon market.

Farid emphasized the importance of non-banking financial services in driving Egypt’s economic growth by offering investment, financing, and insurance solutions. He highlighted the role of long-term savings, financial inclusion, and risk management in reducing dependence on foreign funding.

Notable reforms in the capital market aim to improve liquidity and diversify investment tools, while efforts in the insurance sector are focused on enhancing the performance of private insurance funds. Farid also underlined the importance of regulating consumer finance, SME, and microfinance activities to foster financial inclusion.

The FRA is focused on digital transformation, particularly through metal investment funds and real estate platforms, and institutionalizing innovation to ensure sustained progress. The regulatory improvements are supported by clear government policies designed to facilitate business growth and startup development.