First Abu Dhabi Bank Misr (FABMISR) has launched Al Oula, a banking segment created to support women’s financial empowerment, according to an emailed press release.

Contact Insurance Brokerage, the insurance arm of Contact Financial Holding, has joined the UN Global Compact Network Egypt (UNGCNE) as part of the group’s efforts to advance environmental, social, and governance (ESG) principles and promote women in leadership roles.

The Micro, Small, and Medium Enterprise Development Agency (MSMEDA) has pumped EGP 17.4 billion in funding into women's projects during the period from July 2014 to December 2024.

Empowering female entrepreneurs is important for Egypt’s economic growth and gender equality. Despite their potential, women face challenges that hinder their entrepreneurial efforts. However, various initiatives, including government-led programs, are underway to address these challenges and help women unlock their full potential. Empowering female entrepreneurs contributes to a more inclusive and robust economy.

The Facility Investing for Employment (IFE) has signed two grant agreements with Al Rofayda Hospital for Women and Children and Luna for Perfumes and Cosmetics to support economic empowerment for women in the workforce.

The Micro, Small, and Medium Enterprises Development Agency (MSMEDA) has cooperated with the French Development Agency (AFD) to implement a credit line worth €50 million for a program aimed at funding women-run small projects.

overnor of the Central Bank of Egypt (CBE) Hassan Abdullah has signed the WE Finance Code initiative charter with the European Bank for Reconstruction and Development (EBRD) to bolster women's financial inclusion and economic empowerment in Egypt.

In recognition of their pivotal role in various aspects of life, the world celebrates International Women’s Day every year on March 8th. In this Factsheet, we shall celebrate the Egyptian women and explore their remarkable contribution in the economic development of the country.

In Egypt, women make up nearly half of the country’s population, playing a notable role in the state’s economy. However, women have not shown their full potential, and their efforts are not fairly reflected in the country's economic growth. Therefore, the country is working on embracing their potential and talents to be a significant economic contributor.

The percentage of women on Egyptian company boards rose to 19.7% in 2022, marking a yearly growth rate of 26.6%.

The report added that women who have financial accounts reached 17.2 million women in June 2022, compared to 5.9 million women in June 2016, an increase of 191.5%, indicating that Egypt is the first country in Africa and the Middle East that launches the Closing the Gender Gap Accelerator action plan with the aim of eliminating gender inequality in 2021.