{"id":591419,"date":"2019-12-05T04:11:09","date_gmt":"2019-12-05T04:11:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/"},"modified":"2019-12-05T04:11:09","modified_gmt":"2019-12-05T04:11:09","slug":"egypt-launches-egp-100-bn-program-to-boost-local-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/","title":{"rendered":"Egypt launches EGP 100 bn program to boost local industry"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>Factories with annual sales of less than EGP 1 bn can now borrow at subsidized <\/strong><strong>rates: <\/strong>The government and the Central Bank of Egypt (CBE) have launched a EGP 100 bn initiative to boost domestic manufacturing by allowing medium-sized factories access to subsidized loans at a declining 10% interest rate, <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1434512770060417\">cabinet said in a statement yesterday<\/a>. The initiative will not widen the country\u2019s budget deficit and is specifically designed to boost GDP, unnamed government sources <a href=\"https:\/\/alborsaanews.com\/2019\/12\/04\/1272824\">reassured the local press<\/a>.<\/p>\n<p><strong>Interested in funding capex, growing your product line? <\/strong>To qualify, a factory\u2019s annual sales revenue cannot exceed EGP 1 bn. All types of factories will be eligible to draw from the pool of EGP 100 bn in funding, but priority will go to import-reliant industries the government is looking to introduce or stimulate. The funds will be channeled through state-affiliated banks which the government either fully owns or in which it holds shares. Those banks will be partially compensated for the reduced interest by both the CBE and the Finance Ministry, CBE Governor Tarek Amer said, but did not specify the mechanism. Amer also left the door open for private-sector banks to participate This package comes four years after the CBE launched its EGP 200 bn SME financing initiative in 2016, which the statement notes has funded 86k small factory owners at 5% interest.<\/p>\n<p><strong>Clearing overdue interest payments for 5k factories:<\/strong> Nearly 5.2k factories will also be exempt from accrued interest payments and see their names removed from a blacklist maintained by the CBE, the statement says. The total amount of overdue payments reached EGP 31 bn.<\/p>\n<p><strong>A separate initiative will allow middle-income homeowners access to EGP 50 bn-worth of subsidized mortgages<\/strong> at preferential interest rates of 10%. This was first announced <a href=\"https:\/\/enterprise.press\/stories\/2019\/06\/02\/central-bank-to-subsidize-middle-income-housing-mortgage-with-egp-50-bn\/\">earlier this year<\/a>. Amer is reportedly <a href=\"https:\/\/alborsaanews.com\/2019\/12\/04\/1272818\">set to sit down<\/a> with representatives from the Federation of Egyptian Industries\u2019 real estate division soon to discuss the regulations governing this program.<\/p>\n<p><strong>The initiative drew praise among investors:<\/strong> Investors in industrial zones praised the initiative as a positive move to support industrial growth by curbing costs, <a href=\"https:\/\/alborsaanews.com\/2019\/12\/04\/1272808\">according to the local press<\/a>. The factory lending initiative \u201cis the latest push by the government to spur competitiveness and growth in the private sector,\u201d <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2019-12-04\/egypt-vows-6-billion-to-support-industry-amid-economic-revamp\">Bloomberg says<\/a>. Private sector-led growth has been identified as a key economic reform pillar by the IMF, with which Egypt has just recently completed a three-year USD 12 bn loan program. The fund indicated that any post-loan agreement (whether involving funding or otherwise) will be contingent on Egypt having a clear plan for sustainable development and boosting private enterprise. Others, including <a href=\"https:\/\/enterprise.press\/stories\/2019\/08\/21\/egyptian-economy-resilient-but-further-reform-needed-to-sustain-growth-iif\/\">the Institute of International Finance (IIF)<\/a> and <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/26\/egypt-must-push-on-with-easing-cycle-to-stimulate-private-investment-goldman-7045\/\">Goldman Sachs<\/a> also stressed the need to stimulate private sector growth to sustain the 5-6% growth rates the country has achieved since embarking on a reform program.<\/p>\n<p><strong>And with the current market slowdown, this is a welcome step:<\/strong> Egypt\u2019s non-oil private sector business activity <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/04\/egypts-non-oil-business-activity-hits-two-year-lows-in-november-7712\/\">hit a two-year low<\/a> of 47.9 in November, falling for the fourth consecutive month, according to the Markit \/ Emirates NBD purchasing managers\u2019 index. A reading above 50.0 indicates that activity is expanding, while a reading below means it\u2019s contracting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Factories with annual sales of less than EGP 1 bn can now borrow at subsidized rates: The government and the Central Bank of Egypt (CBE) have launched a EGP 100 bn initiative to boost domestic manufacturing by allowing medium-sized factories access to subsidized loans at a declining 10% interest rate, cabinet said in a statement [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":591420,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[271,7106,72,7087,349,131,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round","tag-central-bank-of-egypt","tag-debt","tag-enterpriseam","tag-finance","tag-interest-rates","tag-manufacturing","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"6909fa51-c2eb-46a7-9875-9620d1072c14","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/12\/CBE-1600px.jpg","photo_position":"above","related_issue":[591414],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt launches EGP 100 bn program to boost local industry - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt launches EGP 100 bn program to boost local industry\" \/>\n<meta property=\"og:description\" content=\"Factories with annual sales of less than EGP 1 bn can now borrow at subsidized rates: The government and the Central Bank of Egypt (CBE) have launched a EGP 100 bn initiative to boost domestic manufacturing by allowing medium-sized factories access to subsidized loans at a declining 10% interest rate, cabinet said in a statement [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-05T04:11:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt launches EGP 100 bn program to boost local industry\",\"datePublished\":\"2019-12-05T04:11:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/\"},\"wordCount\":519,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Central Bank of Egypt\",\"debt\",\"EnterpriseAM\",\"Finance\",\"interest rates\",\"Manufacturing\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/\",\"name\":\"Egypt launches EGP 100 bn program to boost local industry - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2019-12-05T04:11:09+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Egypt launches EGP 100 bn program to boost local industry\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Egypt launches EGP 100 bn program to boost local industry - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/","og_locale":"en_US","og_type":"article","og_title":"Egypt launches EGP 100 bn program to boost local industry","og_description":"Factories with annual sales of less than EGP 1 bn can now borrow at subsidized rates: The government and the Central Bank of Egypt (CBE) have launched a EGP 100 bn initiative to boost domestic manufacturing by allowing medium-sized factories access to subsidized loans at a declining 10% interest rate, cabinet said in a statement [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2019-12-05T04:11:09+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Egypt launches EGP 100 bn program to boost local industry","datePublished":"2019-12-05T04:11:09+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/"},"wordCount":519,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1","keywords":["Central Bank of Egypt","debt","EnterpriseAM","Finance","interest rates","Manufacturing","SPEED ROUND"],"articleSection":["Speed Round"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/","url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/","name":"Egypt launches EGP 100 bn program to boost local industry - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1","datePublished":"2019-12-05T04:11:09+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/05\/egypt-launches-egp-100-bn-program-to-boost-local-industry\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Egypt launches EGP 100 bn program to boost local industry"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":571094,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/04\/29\/national-bank-of-egypt-dishes-out-egp-27-bn-of-loans-to-factories-under-cbe-initiative\/","url_meta":{"origin":591419,"position":0},"title":"National Bank of Egypt dishes out EGP 27 bn of loans to factories under CBE initiative","author":"enterpriseam admin","date":"29 April 2020","format":false,"excerpt":"NBE dishes out EGP 27 bn of loans to factories under CBE\u2019s local industry initiative: The National Bank of Egypt (NBE) has provided EGP 27.1 bn in loans to medium-sized factories under the Central Bank of Egypt\u2019s EGP 100 bn initiative to boost domestic manufacturing, NBE head of corporate and\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591559,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/10\/cbe-to-compensate-bank-lending-under-egp-150-bn-industrial-mortgage-programs\/","url_meta":{"origin":591419,"position":1},"title":"CBE to compensate bank lending under EGP 150 bn industrial, mortgage programs","author":"enterpriseam admin","date":"10 December 2019","format":false,"excerpt":"CBE breaks down how it will compensate bank lending under EGP 150 bn industrial, mortgage programs: The Central Bank of Egypt (CBE) will ensure banks have at least 200 bps of margin when they loan out to factories and homebuyers under the two subsidized lending initiatives it recently launched with\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/92.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572706,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/06\/egyptian-banks-dole-out-egp-69-bn-from-cbes-egp-100-bn-subsidized-loan-initiative\/","url_meta":{"origin":591419,"position":2},"title":"Egyptian banks dole out EGP 69 bn from CBE\u2019s EGP 100 bn subsidized loan initiative","author":"enterpriseam admin","date":"6 July 2020","format":false,"excerpt":"Banks dole out EGP 69 bn to local industry under CBE\u2019s EGP 100 bn subsidized loan initiative: Egyptian banks \u2014 primarily CIB, the National Bank of Egypt, Banque Misr, QNB, and the Export Development Bank \u2014 have handed out EGP 69 bn in loans to over 4k businesses under Central\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591469,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/08\/egypts-egp-150-bn-industry-mortgage-support-initiatives-positive-for-egp-stability-real-estate-sector-beltone\/","url_meta":{"origin":591419,"position":3},"title":"Egypt\u2019s EGP 150 bn industry, mortgage support initiatives positive for EGP stability + real estate sector -Beltone","author":"enterpriseam admin","date":"8 December 2019","format":false,"excerpt":"Gov\u2019t\u2019s EGP 150 bn industry, mortgage support initiatives positive for EGP stability + real estate sector -Beltone: The government and the central bank\u2019s EGP 100 subsidized initiative to provide subsidized loans for mid-sized manufacturers and a EGP 50 bn middle-income mortgage program are expected to be a boon for the\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2019\/12\/CBE-1600px.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":591616,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/11\/lack-of-funding-is-not-the-only-problem-facing-egypts-manufacturers\/","url_meta":{"origin":591419,"position":4},"title":"Lack of funding is not the only problem facing Egypt\u2019s manufacturers","author":"enterpriseam admin","date":"11 December 2019","format":false,"excerpt":"The EGP 100 bn subsidized loan initiative will help solve the funding problem for manufacturers, but other problems remain: Government efforts to help manufacturers access funding only address one problem facing industries, with shortcomings in the current income tax law, bureaucratic hurdles, and a shortage of skills continuing to hamper\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/3\/124.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569020,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/11\/central-bank-of-egypt-waives-egp-48-5-bn-worth-of-debt-interest-payments-for-factories\/","url_meta":{"origin":591419,"position":5},"title":"Central Bank of Egypt waives EGP 48.5 bn-worth of debt, interest payments for factories","author":"enterpriseam admin","date":"11 February 2020","format":false,"excerpt":"The Central Bank of Egypt (CBE) has waived EGP 48.5 bn-worth of debt and interest payments for struggling factories and companies as part of its ongoing debt relief initiative, Al Shorouk reports, citing a recent announcement. Meetings between a committee with members from the CBE and the Egyptian Federation of\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=591419"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/591419\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/591414"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/591420"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=591419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=591419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=591419"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=591419"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=591419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}