Central Bank of Egypt Launches Annual Women’s Financial Inclusion Event

Source: Daily News Egypt

As part of its commitment to enhancing women’s access to formal financial services, the Central Bank of Egypt (CBE) has launched the annual "Women’s Financial Inclusion Event." The event, which runs from 8 March — coinciding with International Women’s Day — until the end of the month, aims to expand financial inclusion opportunities for women across Egypt.

Since its inception in 2019, the initiative has significantly contributed to the availability of financial products for women. By March 2024, approximately 1.4 million financial products were provided, including 664,000 bank accounts, 196,000 e-wallets, and 530,000 prepaid cards. These efforts align with the CBE’s broader mission to promote financial inclusion, resulting in a remarkable increase in the financial inclusion rate for women, which reached 68.8 percent by the end of December 2024—representing a 295 percent growth compared to 2016. As a result, 23.3 million women aged 15 and above now have access to financial services and own transaction accounts, out of a total of 33.9 million in this demographic.