A YEAR ON FROM THE EGYPTIAN REVOLUTION

Thousands of Egyptians gathered in Tahrir Square on Wednesday to celebrate the one year anniversary of the January 25th revolution.

Since the uprising that saw President Hosni Mubarak step down from rule, the country has been praised for changes that have been made to the country.

The United States released a statement this week praising Egypt for its “several historic milestones in its transition to democracy.”

The White House continued, “Egypt has come a long way in the past year, and we hope all Egyptians will commemorate this anniversary with the spirit of peace and unity that prevailed last January.”

Headed by Field Marshal Mohamed Hussein Tantawi, the military council has stated it will step down from power to an elected president by June, completing a democratic transition.

Egypt wants stability for economic recovery and the peaceful elections have shown the country is heading in the right direction.

News agency Reuters has revealed this week that investors see Africa as the most attractive place to invest over the next ten years. According to the report, one in three are expected to put at least five percent of their portfolios into Africa by 2016.

Africa has been predicted to be the destination for trade and investment and Egypt has been tipped to be one of the countries that will be a popular choice with investors.

Egypt is now seen as a real economic growth driver and is likely to bring the best investment returns according to the news agency.

Source: Reuters