Financial inclusion is easing citizens' access to banks and financial products.

Increasing women's inclusion
 

In April, the CBE launched the “Women for Women in Fintech” initiative to offer Fintech solutions to women entrepreneurs.

Similarly in July, it inked the Women Entrepreneurs Finance Code initiative (We-Fi) agreement with the European Bank for Reconstruction and Development (EBRD).

 Source: CBE

The CBE stated that the number of women owning transaction accounts reached 20.8 million in June, up from 20.3 million in December 2023. The number of financially included women has risen since 2016, growing by 252 percent from 2016 until June 2024.

Youth inclusion
 

The financial inclusion for youth (citizens between 16 and 35) also significantly increased since 2020.

According to the CBE's report, financial inclusion for youth increased by 51 percent from 2020 to June 2024.

The number of youths in Egypt is estimated at approximately 37.1 million.

The number of financially included youth rose from 12.7 million (36.3 percent of youths) in 2020 to 19.2 million in June 2024 (51.7 percent of youths).

Source: CBE

Overall financial inclusion rates
 

The overall financial inclusion rates for citizens 16 years and above (estimated at 67.3 million) increased by 181 percent between 2016 and June 2024.

Therefore, the number of financially included citizens in this category rose from 17.1 million in 2016 to 48.1 million in 2024. In other words, the financial inclusion rate went up from benefitting 27.4 percent of those who are 16 and above in 2016 to 71.5 percent in June 2024.