Public Management

Egypt’s government adds 1.8 million people to its food subsidy program

Egypt’s government adds 1.8 million people to its food subsidy program
Wednesday, 02 October 2019 13:24

The Egyptian government announced it has restored food subsidies to 1.8 million people since February this year. The announcement came after President Abdel Fattah al-Sisi tweeted he understood the negative impact of subsidy cuts for some citizens.

I understand the stance of the citizens who have been negatively affected by the filtration of the subsidy cards and being removed from them,” Sisi said.

The government said earlier it wants to tighten conditions to access subsidies, now including the number of children enrolled in foreign schools or the monthly consumption of electricity per capita. But al-Sisi said food subsidy is a “the politically-sensitive matter.

In 2019/2020, the Egyptian government is expecting to allocate EGP89 billion ($5.4 billion) to its food subsidy program. Of this amount, EGP52 billion ($3 billion) will be used to subsidize bread. Other subsidies will be allocated to beef, rice, sugar, poultry, and cooking oil. 

Espoir Olodo

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
NSIA Banque CI securitized bonds begin trading on BRVM First multi-currency deal in UEMOA, fully subscribed Proceeds to boost SME lending,...
Ecobank Côte d’Ivoire reports revenue and profit growth in 2025 Deposits, loans rise; shareholders approve dividend payout Bank targets...
More than CFA1,000 billion received via mobile money in 2024 Total inflows rise 77% to CFA1,354 billion, led by Europe and North...
New SME Growth Fund aims to improve access to long-term capital Initial $30 million could scale up to $100 million over time SMEs remain...
Most Read
01

Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...

Two Other African-focused Private Equity Firms to Snap Up assets shed by Global Majors
02

Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...

Enko Capital Buys Burger King Côte d’Ivoire in Servair Restructuring
03

Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...

Libya Opens Dollar Sales to Ease Pressure on Dinar and Prices
04

From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...

Weekly Health Update | Vaccination Gains Advance in Africa; Antimalarial Resistance Threatens Progress
05

Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...

Tanzania Secures $2.33 Billion in Syndicated Financing for Standard Gauge Railway
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.