Egypt to Grant Medical Doctors, Physios, Dentists’ SMEs 5% Interest Loans

This step, according to the CBE, is part of its efforts to help the country's health sector in accordance with the government's aims.
Central bank of Egypt

Doctors, physiotherapists and dentists authorised by the Medical Syndicates Union have been added to the list of beneficiaries for the Central Bank of Egypt’s (CBE) initiative to finance small businesses and facilities, the bank stated on Tuesday.

Small businesses are classified as companies with less than 200 employees and a market value of between EGP one million and EGP 50 million under this strategy.

Small enterprises under construction that employ less than 200 people and have a business value of EGP 50,000 to below EGP three million for industrial projects and below EGP five million for other types of projects are also targeted by the initiative.

Your Friends Also Read:  Ghana Confirms 2 Marbug Virus Disease Cases in Ashanti Region

This step, according to the CBE, is part of its efforts to help the country’s health sector in accordance with the government’s aims.

Central Bank of Egypt
Central Bank of Egypt

The CBE also seeks to assist doctors in opening their own clinics and equipping them with the necessary devices and supplies in collaboration with the Egyptian Authority for Unified Procurement (UPA).

Egypt increased spending on the health sector by EGP 4.5 billion during the current FY2021/22 — which will end by the end of June — in response to the ongoing COVID-19 pandemic, in addition to the EGP two billion allocated to procure drugs and the EGP one billion allocated to finance medical treatments.

Your Friends Also Read:  Most People Who Died Of COVID-19 Were Elderly, Says Nigeria's NCDC

Health and education have been the top sectors in terms of spending during the current FY, with EGP 108.8 billion allocated for the health sector and EGP 172.6 billion for the education sector. It is expected that these allocations to increase in the upcoming FY2022/23.

All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from News Central TV.



Leave a Reply

Previous Article
Food crises have been rising in the West African region over the last decade, especially in Burkina Faso, Niger, Chad, Mali, and Nigeria.

38 Million at Risk as West African Countries  Face Worst Food Crisis in 10 Years

Next Article
Kidnapped Nigerian Bank MD Ali-Hassan Regain Freedom (News Central TV)

Kidnapped Nigerian Bank MD Ali-Hassan Regain Freedom

Related Posts
Powered by Live Score & Live Score App