CBE Signs Charter of “Women Entrepreneurship Financing (We-Fi)” Initiative in Cooperation with EBRD

 Governor of the Central Bank of Egypt (CBE) Hassan Abdullah signed Tuesday the charter of the We Finance Code initiative, in cooperation with the European Bank for Reconstruction and Development (EBRD), with the aim of increasing the availability of financing for medium, small and micro projects led by women and entrepreneurs in Egypt and providing them with the necessary technical support. 

This came in the presence of the First Vice President of the European Bank for Reconstruction and Development Jurgen Rigterinck, the Bank’s Vice President for Banking Affairs Matthew Patron, and a number of central bank officials.

The Governor of the Central Bank praised the launch of the We-Fi financing initiative for women entrepreneurs in Egypt, explaining that it is consistent with the state’s vision of enhancing financial inclusion for women, and the efforts of the Central Bank to provide more financing opportunities for women entrepreneurs, in coordination with all concerned parties.

The projects and initiatives launched by the Central Bank during the last period resulted in significant development in women’s financial inclusion indicators, bringing the number of  women in financial inclusion to 20.3 million women, with a growth rate of 244% during the period from 2016 to 2023.