Egypt beefs up preparations as WUF12 approaches    US PPI up by 0.2% in August    EGP drops slightly vs. USD at Thursday's close – CBE    EIB grants €20m for vegan meat producer    Egypt joins Africa's FEDA    US grants Egypt full yearly military aid    GAFI collaborates with communications ministry to upgrade service platform: Heiba    Egypt's Al-Mashat meets with Citibank to strengthen cooperation    At least 9 killed in Israeli attack on school in Al-Nuseirat Camp    Egypt-Germany trade exchange reaches $2.5bn in H1 2024: CAPMAS    Al-Sisi, Germany's Steinmeier discuss bilateral relations, Gaza crisis    Trump promises major tariffs on Chinese goods if re-elected    Saudi-Egyptian cooperation crucial for regional security: Bin Farhan    Egypt urges balance between human needs, environmental sustainability    Madbouly inaugurates Badya University in New October    Mansoura University wins UNESCO Confucius Prize for Literacy    Egypt's Culture Minister seeks input from Writers Union on national strategy    Egypt awards ZeroCarbon solid waste management contract in Gharbia    Egypt, UN partner on $14-m coral reef protection project    Culture Minister opens 31st Cairo International Experimental Theatre Festival    ADB approves $93.6m for Cambodia's rural utilities    Egypt condemns Ethiopia's unilateral approach to GERD filling in letter to UNSC    Eslam Piko: Underwater artist capturing beauty below the surface    Egyptian pentathletes dominate world championships in Lithuania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Egyptian Olympic athletes champion local sportswear    Egypt's FM, Kenya's PM discuss strengthening bilateral ties, shared interests    Paris Olympics opening draws record viewers    Former Egyptian Intelligence Chief El-Tohamy Dies at 77    FABMISR supports young female athletes through "Women in Sports" platform    Who leads the economic portfolios in Egypt's new Cabinet?    Egypt's President assigns Madbouly to form new government    Financial literacy becomes extremely important – EGX official    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egyptian youth financial inclusion grows to 51.7% in June – CBE
Aya Anwar Published in Amwal Al Ghad on 22 - 08 - 2024

Financial inclusion among Egyptian youth aged 16 to 35 has reached a new high. The rate rose to 51.7 per cent in June 2024, up from 51.5 per cent in December 2023. This represents an increase of 19.2 million young people, bringing the total number of financially included youth to 37.1 million.
The Central Bank of Egypt's (CBE) recent regulations have played a crucial role in driving this growth. By allowing 16-year-olds to open bank accounts and simplifying the process for artisans through "Economic Activity Accounts" and "Financial Inclusion Accounts for Citizens," the CBE has made it easier for young people to access financial services.
Attribution: CBE FI Report
Subediting: Y.Yasser

Clic here to read the story from its source.