The Health Ministry’s annual public jockeying to increase its budget allocation has begun, with Assistant Health Minister Sayed El Shahed telling Al Mal the ministry asked for EGP 61 bn against the EGP 53.7 bn the Finance Ministry says it will provide. Deputy Finance Minister Mohamed Maait maintains that expenditure on healthcare in next fiscal year’s budget meet the constitutionally required 3% of GDP.
More from Enterprise
Banque du Caire’s blockbuster IPO holds firm against EGX selloff
The IFC and the EBRD are in for USD 100…
Can AI promise Egypt’s lenders more borrowers and fewer bad loans?
Banks are cautious about letting AI judge a borrower. Local…
Egypt’s funds crossed EGP 500 bn in 3Q on retail money and a stalling core
Money market funds stalled while retail piled into equity, index,…
DPI closes Egypt-born fintech fund Nclude at USD 112 mn
The final close adds roughly USD 7 mn to a…