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
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...
Vivo signed a financing agreement with Credit Direct to boost smartphone sales in Nigeria through installment payments. Customers will pay 20% upfront...
The IMF lowered CEMAC’s 2026 growth forecast to 3% from 3.3% amid weaker regional and global conditions. Chad is set to lead growth at 5.2%, while...
Mozambique and China signed more than 20 cooperation agreements during President Daniel Chapo’s state visit to Beijing. Both countries upgraded...
Morocco aims to connect 5.6 million households to fiber and achieve 85% 5G population coverage by 2030. Telecom operators plan to invest...
Burkina Faso launches “SORA” university series filming in Ouagadougou 25-episode project explores student life challenges and...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...