Egypt’s financial inclusion for women surges in ’24

Egypt’s financial inclusion rate for women reached 68.8 per cent by the end of December 2024, marking a 295 per cent increase compared to 2016, signalling improved economic participation, CAPMAS reported on Sunday.

Egypt saw the number of women with financial accounts surge 294.9 per cent to 23.3 million in 2024 from 5.9 million in 2016.

Since June 2014, 30,300 projects have been financed under the Mastora programme by Nasser Social Bank, with total funding of EGP 730 million.

Women also received financing for 76,400 small projects through the Mashrouak initiative, accounting for 35 per cent of total projects as of February 2025.

The Small and Medium Enterprises Development Agency supported 908,200 projects worth EGP 17.4 billion up to December 2024.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama