You’re going to need to slap a new, electronic sticker on your car: Traffic authorities will require vehicle owners to put an EGP 50 electronic sticker (presumably an RFID thing) on their cars when they renew vehicle licenses or license a new car, an unnamed source tells Al Mal. The sticker encodes each vehicle’s data and is meant to help monitor traffic violations and reduce car theft. Cabinet had previously introduced amendments to the Traffic Act that would set new rules for licensing and hike fines for traffic infractions, as well as require the installation of a GPS tracker as a condition for licensing four-wheel drive vehicles.
More from Enterprise
The digital EGP won’t look different at checkout — but it will work nothing like InstaPay
Every instant payment today depends on your bank or telco.…
Granite is about to test whether Egypt’s funds still need administrators
The asset manager and blockchain builder Tarmiiz have entered the…
Egypt is fixing how deals get executed, but what pushes investors offshore runs deeper than the reforms on the table
Investment Ministry and a Senate committee are both moving to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…