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HomeNewsAfricaEgypt’s education, tourism can drive post-Ukraine recovery: Tundra Fonder

Egypt’s education, tourism can drive post-Ukraine recovery: Tundra Fonder

Higher commodity prices have created pressure on the balance of payments and public finances, but poor sentiment has led to “deep value” existing in the country’s stock market, Althoff says.

Tundra Fonder, which has a five-star rating from Morningstar, looks for “structural growth” potential rather than cyclical or commodity-based exposure, and favours countries with large populations which can grow from a low base, Althoff says. Favoured themes are banking, consumer spending, infrastructure, health and education, and IT.

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