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
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Kenya tourism revenue rises 10% to $3.84 billion in 2025 Visitor numbers hit 7.9 million, driven by strong domestic demand Government measures,...
Algeria hosts forum showcasing 230 student-led startups from 39 regions Event promotes entrepreneurship as response to youth unemployment...
Guinea relaunches “Allô Maître” linking vocational graduates to jobs Users dial 1010 to access certified craftsmen via national network Initiative...
Côte d’Ivoire, Senegal lead UEMOA exports with 55.3% combined share Mali, Burkina Faso dominate intra-regional trade at 44.8% Intra-UEMOA trade rises...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...
The Bijagos Archipelago, located off the coast of Guinea-Bissau, stands as one of West Africa’s most extraordinary island systems. Made up of around forty...