Government Funds Industrial & Agricultural Projects

Updated 3/11/2023 1:55:00 PM
Government Funds Industrial & Agricultural Projects

Egypt approved a new five-year initiative to fund industrial and agricultural sectors’ projects with loans at an 11% interest rate, according to an announcement made by the Egyptian Central Bank of Egypt (CBE). 

The government allocated EGP 150 billion to the five-year initiative. 

The maximum credit limit allowed for individual clients will not exceed EGP 75 million, while for multiple-party clients will be no more than EGP 112.5 million. 

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Egypt

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