2021-04-05

A circular dated April 5, 2021 regarding municipal bakeries benefiting from the small companies initiative at a return rate of 5% to finance the process of switching to natural gas.

The Central Bank of Egypt has decided to allow municipal bakeries transitioning to natural gas to benefit from the Small Businesses Initiative at a 5% interest rate without a minimum turnover requirement. This decision aims to improve efficiency and develop activities while adhering to environmental and social considerations. The bank has set specific conditions, including obtaining a letter from the Ministry of Supply and Internal Trade and opening an account for repayment.

Egypt

Central Bank of Egypt

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