Egypt introduces 15% interest loans to support ceramic manufacturers

The Egyptian government has launched a new loan initiative offering a subsidized 15% interest rate to ceramic and porcelain manufacturers for the purchase of equipment and production materials.

Updated 11/13/2024 8:01:00 AM

Egypt to launch subsidized loans initiative for hotel rooms expansion

The Egyptian ministries of tourism and finance have agreed to launch a financing initiative that would provide subsidized loans at a 12% interest rate to local and international investors seeking to establish more hotel rooms across the country.

Updated 4/29/2024 8:23:00 AM

Tourism players granted subsidized loans from Egypt

On March 7th, the Central Bank of Egypt (CBE) has set the maximum funding provided for beneficiaries under the five-year 11% subsidized lending program to back the industrial and agricultural sectors at EGP 75 million per individual and EGP 112.5 million per individual and all related parties.

Updated 4/27/2023 8:13:00 AM