The private credit bureau coverage in Egypt has shown a progressive increase from 19.6% of the adult population in 2013 to 36.7% in 2023. Noteworthy year-on-year variations include significant growth in 2017 (17.13%) and 2019 (14.65%), but the rate of increase has moderated in recent years, with 2022 and 2023 posting respective growths of 4.46% and 4.56%. Over the past five years, the Compound Annual Growth Rate (CAGR) has been 6.1%. The forecasted data suggests that this rate will decelerate slightly but continue to grow, with an expected CAGR of 2.77% from 2024 to 2028, leading to a projected coverage of 43.8% by 2028.
Future trends to watch for include:
- Technological advancements in credit reporting.
- Regulatory changes which could impact bureau operations.
- Financial inclusion initiatives potentially accelerating growth.
