Egypt’s government has announced a new financing initiative worth $1.88 billion (EGP 90 billion) to support key sectors including industry, agriculture, and renewable energy during the current fiscal year, with interest rates capped below 15%.

Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir, along with Minister of Finance Ahmed Kouchouk, confirmed the continuation of the programme, aimed at driving private sector investment, boosting production, and supporting economic growth.

According to a joint statement from the Ministries of Industry and Finance, EGP 80 billion will be directed toward working capital, while EGP 10 billion will be allocated for purchasing new machinery and equipment. The initiative, they said, reflects the government’s commitment to increasing factory productivity, strengthening the industrial sector’s contribution to the economy, and creating more job opportunities for young people.

The statement also noted that the state treasury will absorb EGP 8 billion in interest rate differentials this year, maintaining the same value without the previously planned 20% reduction. This move aims to reduce financing costs for manufacturers, investors, and farmers while boosting domestic production, supporting exports, and improving competitiveness in global markets.

The Ministry of Finance reiterated that it remains focused on easing financial pressures on investors and advancing public-private partnerships to accelerate private sector growth and sustain Egypt’s broader economic reform goals.

Officials said the government will continue to prioritise private sector-led growth by expanding production, increasing exports, and building a more competitive and investment-friendly business environment.