Vodafone Egypt Acquisition and Growth Strategy
Egypt macro | Supportive environment providing growth backdrop
Egypt society
Age distribution
High GDP growth despite Covid
Real GDP growth
Normalising inflation environment in Egypt
Source: IMF, CBE
9%
8%
13.9%
6%
6%
6%
5%
<24 25-34 35-49
> 50
4%
4%
3% 3%
3%
2%
.2%
2%
51%
16%
17%
16%
J!!
ir
82%
Unbanked
4.4%
Of GDP cashless
Sources: Central Band of Egypt,
World Bank, IMF, Euromonitor
(0%)
(7%)
2020A
(6%)
Kenya Morocco Algeria
2021E
Ethiopia
Egypt
■2019A
5.7%
5.9%
4.4%
4.6%
(7%)
South
Africa
2019
2020
01-21
02-21
03-21
Large and growing population
Population 2020 (m)
2.5% 2.0% 6.3% 6.0% 1.5% 2.3% 1.7% 1.0% 2.9%
115.0
100.9
89.6
59.6 58.0
48.7
44.2
36.0 31.3
Growing customer spending power
Consumer expenditure 2020A-2022E CAGR
19.1%
11.8%
11.0%
9.2%
7.9%
6.4%
Ethiopia Egypt DRC Tanz
SA
Kenya Algeria Morocco
Moz
Ethiopia
Egypt
Kenya
South Africa
Algeria
Morocco
2020A-2022E
Further together
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