Egypt’s Planning Ministry Aims to Increase Country’s Workforce to 31.7 Mln in FY 2019/2020Source: www.export-egypt.com 9/22/2019, Location: Africa |
|
|
|
Egypt’s Ministry of Planning, Monitoring, and Administrative Reform has announced the sustainable development plan’s second year objectives for Egypt’s labour force and unemployment rates in fiscal year 2019/2020.
Minister of Planning Hala El-Saeed said on Thursday that the country’s workforce is expected to reach 31.7 million people during FY 2019/2020, compared to 30.9 million in FY 2018/2019, a 2.6 percent increase. The minister added that the plan, which targets a growth rate of 3.2 percent, involves measures to encourage heavy-labour projects to decrease unemployment rates. These include increasing funding from the Micro, Small & Medium Enterprise Development Agency to EGP 5.6 billion by the end of FY 2019/2020, compared to EGP 5 billion in FY 2018/2019, an increase of 12 percent. El-Saeed said that SMEs are expected to provide around 376,000 job opportunities during FY 2019/2020, compared to 342,000 job opportunities in FY 2018/2019, rising by 9.9 percent. The plan also involves adopting incentive programmes to encourage the informal sector to merge into the formal one, she said. El-Saeed added that the plan aims to activate the role of the non-banking financial sector in providing micro-financing, in addition to providing leasing and finance services for SMEs and boosting mechanisms that help spread the entrepreneurial culture and support exports. |
|
Financials and Investment News in Egypt >> |
Egypt >> 9/19/2024 - Egypt is having a special participation at the IFTM-Top Resa exhibition, which lasts until Sept.19 in Paris.
Egypt’s pavilion has more than... |
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - On his first visit around the region since his appointment, Jalel Trabelsi, the Special Envoy of the African Development Bank (AfDB), praised Egypt's ...
|
Egypt >> 9/18/2024 - Benchmark index EGX 30 was up 0.61 percent to 30,342.46 points, with the Shariah index climbing by 0.20 percent to reach 2,879.64 points.
E... |
Egypt >> 9/18/2024 - The British company Globeleq is set to collaborate with the Egyptian government in establishing a substantial project for green hydrogen production, a...
|
Egypt >> 9/18/2024 - Deputy Prime Minister and Minister of Health and Population Khaled Abdel Ghaffar asserted the importance of cooperating with South Africa in the field...
|
Egypt Oil & Gas 1 >> 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 | 59 | 60 | 61 | 62 | 63 | 64 | 65 | 66 | 67 | 68 | 69 | 70 | 71 | 72 | 73 | 74 | 75 | 76 | 77 | 78 | 79 | 80 | 81 | 82 | 83 | 84 | 85 | 86 | 87 | 88 | 89 | |