Egypt targets 4.8-5.2% economic growth in FY 2026/27, rising to 6.8% by 2030: Rostom
Egypt’s Minister of Planning and Economic Development, Ahmed Rostom, said the government is targeting economic growth of between 4.8% and 5.2% in fiscal year 2026/27, adopting a cautious approach amid ongoing regional instability and global economic uncertainty, while laying the
Egypt targets 5.4% economic growth, EGP 3.7trn investments in FY 2026/27 plan
Egypt is targeting an economic growth rate of between 5.2% and 5.4% and total investments of EGP 3.7trn for the fiscal year (FY) 2026/27, with private investments accounting for the majority of the planned expenditure, the Minister of Planning and
Egypt’s economic growth accelerates to 5.3% in first half of year, planning minister says
Egypt’s economic growth reached 5.3% in the first half of the current fiscal year, marking a broad and accelerating recovery across six consecutive quarters, Minister of Planning and Economic Development Ahmed Rostom said. Growth rose from 2.4% in fiscal year
East Africa faces food insecurity, economic challenges despite growth: African Narratives
East Africa continues to lead the continent in economic growth rates, yet faces persistent challenges in poverty reduction and food security, according to a new report published Sunday by African Narratives for Strategic Studies. While economic growth shows improvement and
Non-banking financing reaches EGP 718bn in 10M 2024
Recent data from the Financial Regulatory Authority (FRA) reveals that non-banking financing activities in Egypt have reached EGP 718bn in the first 10 months of 2024. This figure encompasses financing provided through entities under FRA supervision, including capital market activities
CBE hosts inaugural meeting of African Financial Stability Committee
In line with presidential directives to boost Egyptian-African cooperation and integration, the Central Bank of Egypt (CBE) hosted the inaugural meeting of the African Financial Stability Committee (AFSC) from December 9–11, 2024. Under the leadership of CBE Governor Hassan Abdalla,
ESLSCA University Launches Executive Education Summit
ESLSCA University has announced the organization of the summit “Executive Education: Your Gateway to Leadership Excellence,” to be held over two days on November 23 and 24. In a statement, ESLSCA University emphasized that excelling in today’s fast-paced business world
MSMEDA allocates EGP 25m for handicrafts through Aman
The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has signed a new EGP 25m contract with Aman Holding to strengthen support for handicraft and heritage projects through the “Hirfa” microfinance initiative. According to a statement from MSMEDA on Sunday,
Egypt’s PM highlights focus on export growth, unveils localisation incentives
Egypt’s Prime Minister Mostafa Madbouly has stressed the importance of the Export Reimbursement Programme in driving Egypt’s economic growth, highlighting plans to offer unprecedented incentives for localising industries and streamlining payment procedures for exporters. Madbouly chaired a Cabinet meeting on
GB Capital acquires licence to expand into securities promotion, underwriting
GB Capital for Financial Investments, the financial arm of GB Corp, has secured a licence from the Financial Regulatory Authority (FRA) for the promotion and underwriting of securities, marking a significant milestone in its expansion efforts. Although GB Capital is