{"id":671594,"date":"2025-09-10T00:00:00","date_gmt":"2025-09-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/10\/export-councils-request-more-subsidized-financing-2\/"},"modified":"2025-09-10T00:00:00","modified_gmt":"2025-09-10T00:00:00","slug":"export-councils-request-more-subsidized-financing-2","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/10\/export-councils-request-more-subsidized-financing-2\/","title":{"rendered":"Export councils request more subsidized financing"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Export councils are calling for more subsidized financing initiatives:<\/strong> Export council representatives met with Prime Minister Moustafa Madbouly earlier this week to present demands aligned with the government\u2019s export growth plans, Engineering Export Council head Sherif El Sayad told EnterpriseAM. Exporters are calling for a new low-interest financing initiative for raw materials and production inputs, separate from the existing initiative for equipment. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- <\/strong>The Industry Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/c07d0777-874d-4fe1-8888-26adfa703b02\/egypt-kicks-off-rebooted-egp-30-bn-subsidized-loan-program-for-industrial-players\" style=\"\" rel=\"noopener\">in April launched<\/a> the first phase of a new EGP 30 bn financing initiative offering reduced 15% interest rates to seven priority industrial sectors, including food, pharma, and chemicals. The program will finance machinery, equipment, and production lines at the discounted rate for five years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pharma sector is also asking for urgent support. <\/strong>Two sources in the pharma industry told EnterpriseAM that companies submitted demands for an additional financing initiative to ease international market access and immediate settlement of <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/6fc4e2f7-8625-414a-a3cd-bd8b9b55304d\/%253cmark%253e%253c%2Fmark%253egov%253cmark%253e%253c%2Fmark%253e%25e2%2580%2599%253cmark%253e%253c%2Fmark%253et%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253esettle%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253edues%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eowed%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253epharma%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eplayers%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ethis%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efiscal%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eyear%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">overdue payments<\/a> to sector players to free up liquidity, as <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2821f4ff-2d37-4592-b8b5-9c1e73358b47\/%253cmark%253e%253c%2Fmark%253epharma%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efirms%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253epush%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253efor%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eprice%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ehikes%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eas%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eshortages%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eand%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eblack%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253emarket%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eresurface%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">price controls<\/a> are straining companies\u2019 ability to meet obligations. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>SPEAKING OF THE PHARMA SECTOR- <\/strong>The Finance Ministry will disburse EGP 7.4 bn in the coming days to settle the Unified Procurement Authority\u2019s (UPA) overdue payments to pharma companies, according to a ministry <a target=\"_blank\" href=\"https:\/\/mof.gov.eg\/ar\/posts\/media\/68c01a72a0bd1c0008be4768\/%D9%88%D8%B2%D9%8A%D8%B1%20%D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9..%20%D9%81%D9%89%20%D8%AE%D8%B7%D9%88%D8%A9%20%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9%20%D9%84%D9%85%D8%AF%20%D8%AC%D8%B3%D9%88%D8%B1%20%D8%A7%D9%84%D8%AB%D9%82%D8%A9%20%D9%88%D8%A7%D9%84%D8%B4%D8%B1%D8%A7%D9%83%D8%A9%20%D9%88%D8%A7%D9%84%D9%85%D8%B3%D8%A7%D9%86%D8%AF%D8%A9%20%D9%84%D9%82%D8%B7%D8%A7%D8%B9%20%D8%A7%D9%84%D8%AF%D9%88%D8%A7%D8%A1%3A%20%20%D8%A5%D8%AA%D8%A7%D8%AD%D8%A9%20%D9%85%D8%B5%D8%A7%D8%AF%D8%B1%20%D8%AA%D9%85%D9%88%D9%8A%D9%84%20%D9%85%D8%AA%D8%B9%D8%AF%D8%AF%D8%A9%20%D9%84%D8%AA%D9%88%D9%81%D9%8A%D8%B1%20%D8%A7%D9%84%D8%B3%D9%8A%D9%88%D9%84%D8%A9%20%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A%D8%A9%20%D8%A7%D9%84%D9%84%D8%A7%D8%B2%D9%85%D8%A9%20%D9%84%D8%B4%D8%B1%D9%83%D8%A7%D8%AA%20%D8%A7%D9%84%D8%A3%D8%AF%D9%88%D9%8A%D8%A9\" style=\"\" rel=\"noopener\">statement<\/a>. The ministry has earmarked another EGP 7.3 bn for credit facilities to sector players. We were <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2821f4ff-2d37-4592-b8b5-9c1e73358b47\/pharma-firms-push-for-price-hikes-as-shortages-and-black-market-resurface\" style=\"\" rel=\"noopener\">told last month<\/a> that the UPA plans to settle some EGP 43 bn in overdue payments to pharma companies during the current fiscal year.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Federation of Egyptian Industries and the export councils are also calling to expand <\/strong><strong>the sectors eligible for subsidized financing at a 15% interest rate.<\/strong> This should target companies with strong export potential and help fund production line upgrades and the purchase of modern equipment to boost capacity, we were told.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The councils also requested that direct deposits be accepted as proof of proceeds for <\/strong><strong>exports to African markets bordering Sudan <\/strong>\u2014 including Chad, Niger, Cameroon, and the Central African Republic \u2014 as the traditional Sudan transit route is no longer viable. Chad\u2019s location could make it a key transit hub for Egyptian goods, El Sayad said. They also pushed for the establishment of Egyptian trade centers in select African countries, with Investment Minister Hassan El Khatib saying C\u00f4te d\u2019Ivoire will be the first. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What else do exporters want? <\/strong>Among their priorities is speeding up payouts under the new export subsidy program, according to El Sayed. They\u2019re also asking that 50% of subsidies owed to SMEs for shipments through June 2024 be paid in cash instead of via tax and ins. offsets to help them maintain production and exports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> The Finance Ministry <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/35fe3e69-625f-4be3-a9c9-f74279ee2671\/grand-egyptian-museum-to-officially-open-its-doors-in-november\" style=\"\" rel=\"noopener\">began disbursing<\/a> overdue export subsidies totaling EGP 5 bn to some 2k exporters last month under the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d66310de-d47c-4d09-a24c-ca138a04a92e\/another-decision-to-sweeten-the-pot-for-foreign-energy-players\" style=\"\" rel=\"noopener\">revamped export subsidy program<\/a>, under which will exporters receive 50% of their overdue dues in cash over four years, with the rest offset against liabilities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Exporters are calling for a new low-interest financing for raw materials and production inputs<\/p>\n","protected":false},"author":1,"featured_media":671595,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7206],"tags":[104,72,98,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-671594","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-economy","tag-enterpriseam","tag-subsidies","tag-trade","wpautop","entry"],"acf":{"mongo_id":"dc0a22f6-aa49-4124-9293-13cfd9f6c37a","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/314.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Export councils request more subsidized financing","related_issue":[671589],"teaser":"Exporters are calling for a new low-interest financing for raw materials and production inputs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/9\/.fac817e0-0867-4046-94a4-e217cf1cd942.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The weather may be cooler today in the city, but the news cycle is heating up.THE BIG STORY TODAY- Export councils are calling for more subsidized financing initiatives: Export council representatives met with Prime Minister Moustafa Madbouly earlier this week\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/4\/327.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":567145,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/14\/export-councils-seek-fundamental-changes-to-export-subsidies-framework\/","url_meta":{"origin":671594,"position":1},"title":"Export councils seek fundamental changes to export subsidies framework","author":"enterpriseam admin","date":"14 January 2020","format":false,"excerpt":"Export councils seek fundamental changes to export subsidies framework: The export councils have called for fundamental changes to the new export subsidies framework during their meeting with new Trade and Industry Minister Nevine Gamea, the local press quoted unnamed sources as saying. The changes include amending the foreign exhibition financing,\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":577484,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/24\/the-cbes-exit-from-the-subsidized-loan-programs-isnt-going-down-well-with-some-industry-figures\/","url_meta":{"origin":671594,"position":2},"title":"The CBE\u2019s exit from the subsidized loan programs isn\u2019t going down well with some industry figures","author":"enterpriseam admin","date":"24 November 2022","format":false,"excerpt":"A decision by the government to end the central bank\u2019s role in subsidizing loans has not been received well by some sections of the business community, with the Egyptian Businessmen\u2019s Association (EBA) and some MPs calling on ministers to rethink their plans.Refresher: A decree issued by Prime Minister Moustafa Madbouly\u2026","rel":"","context":"In &quot;Policy&quot;","block_context":{"text":"Policy","link":"https:\/\/enterpriseam.com\/egypt\/category\/policy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/382.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594622,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/02\/egypts-exporters-awaiting-clarity-on-new-export-subsidies-program\/","url_meta":{"origin":671594,"position":3},"title":"Egypt\u2019s exporters awaiting clarity on new export subsidies program","author":"enterpriseam admin","date":"2 September 2019","format":false,"excerpt":"Egypt\u2019s exporters are awaiting clarity on how the government is planning to implement the new export subsidies program, Ihab Abdel Zaher, member of the export council for textiles and readymade garments said. The new program promises to disburse EGP 6 bn per year in export subsidies, and was supposed to\u2026","rel":"","context":"In &quot;Other Business News of Note&quot;","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591316,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/03\/regulations-for-egypts-new-export-subsidies-framework\/","url_meta":{"origin":671594,"position":4},"title":"Regulations for Egypt\u2019s new export subsidies framework","author":"enterpriseam admin","date":"3 December 2019","format":false,"excerpt":"Executive regulations for the nation\u2019s new export subsidies framework have leaked, but industry still has questions: The executive regulations of the state\u2019s new export subsidies framework, which were ratified by Prime Minister Moustafa Madbouly earlier this week, were circulated by the state-run Export Subsidy Fund to export councils around 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\/2020\/1\/776.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":627149,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/24\/is-the-govt-banning-exports-of-raw-materials\/","url_meta":{"origin":671594,"position":5},"title":"Is the gov\u2019t banning exports of raw materials?","author":"enterpriseam admin","date":"24 July 2018","format":false,"excerpt":"Is the gov\u2019t banning exports of raw goods? The government is currently looking to ban exports of raw materials in order to maximize their use in the value chains here at home, Trade and Industry Minister Amr Nassar said. Raw materials which have not undergone any type of processing will\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\/671594","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=671594"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/671594\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/671589"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/671595"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=671594"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=671594"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=671594"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=671594"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=671594"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}