initiative
The initiative covers, in its second phase, 52 centers comprising 1,600 villages with a population of approximately 21 million.
The Egyptian government has attracted $385 million from expatriates as part of an initiative allowing them to import cars for personal use free of customs duties and taxes in exchange for a deposit in foreign currency.
The total value of the Finance Ministry's initiative, approved by the cabinet in January, is LE 150 billion, the largest share of which (LE 140 billion) will be used to finance capital money, and the other LE 10 billion is dedicated to financing the purchase of capital goods.
According to a statement issued, Wednesday, the initiative aims to reduce the interest rate on loans provided to the industrial and agricultural sectors, within the framework of continuous support for these sectors and their activities.
Egypt will adopt a five-year initiative worth LE 150 billion to support the agricultural and industrial production sectors, especially by reducing their loans’ interests, in the face of the repercussions of the global crises, the Cabinet has announced.
Proactive measures have also been taken, further alleviating the negative impact of Covid-19, which broke out in 2020.
The initiative was launched in September 2019.
The application reinforces the “Speak Arabic” initiative that was launched in October 2020, with the aim of linking Egyptians abroad to their motherland.
It indicated that this comes in light of the continuous follow-up of the performance of these initiatives and with the aim of continuing to support the tourism sector and its workers in light of the continuing effects of the coronavirus crisis.
The second phase of the Haya Karima initiative will target 4,670 villages in the coming two years.
In 2019 Nestlé launched the trial phase of its initiative DORNA, which aims to incentivize waste collectors for boosting their collection of plastic waste.
The initiative was launched in February 2020, with the objective of fostering young talents and inspire university students of different related majors to conduct FinTech Projects and innovative solutions.
“Cars are required to be assembled in Egypt, with a local component ratio of no less than 45 percent,” the minister pointed.
Maait clarified that the last initiative was "immediate cash payment" with a 15 percent discount.
The "Farmers Water Ambassadors Initiative" will be launched involving farmer-pioneers in the use of modern irrigation methods.
The initiative, which was launched in 2019 and has developed 375 villages, focuses on three aspects.
The initiative of a decent life aims to provide a decent life for the most-needy community groups, and to raise the economic, social and environmental level, and enable them to obtain all basic services.
The call for application is now open and will be closed by 31 October 2020, and applications can be sent via the attached links on the State Ministry of Information’s official Facebook page.
The cease-fire initiative that has been declared by Libyan Speaker of the House of Representatives Agila Saleh and head of the Presidency Council Fayez Al-Sarraj.
All indicators reflected the ability of the Egyptian state to cross the repercussions of the coronavirus in order to maintain the stability of its financial and monetary indicators according to the figures and data of the balance of payments for 2019/2020.
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