Egypt’s non-banking monetary sector, regulated via the Monetary Regulatory Authority (FRA), serves greater than 60 million electorate and supplied financing price EGP 1.4trn in 2025, consistent with Ahmed Rostom, Minister of Making plans and Financial Construction.
Rostom made the remarks throughout his deal with on the 52nd Convention of the African Insurance coverage Organisation (AIO), held in Cairo and hosted via the Insurance coverage Federation of Egypt below the patronage of the Top Minister and the FRA.
The development used to be attended via Mohamed Farid, Minister of Funding and International Industry; Islam Azzam, FRA Chairperson; Yared Mola, President of the African Insurance coverage Organisation; and Alaa El-Zoheiry, Vice-President of the African Insurance coverage Organisation and Chairperson of the Insurance coverage Federation of Egypt.
In his speech, Rostom famous that the convention is being held at a crucial juncture marked via unexpectedly evolving international and regional geopolitical trends. Those demanding situations, he mentioned, underscore the want to construct extra resilient economies, reinforce menace control frameworks, and mobilise assets to make stronger sustainable construction.
He highlighted the transformation of the insurance coverage business from a conventional risk-mitigation mechanism right into a key motive force of financial expansion, monetary steadiness, and resilience within the face of crises, local weather trade, and main international financial shifts.
In spite of a chain of shocks affecting African economies—together with commodity value volatility and the COVID-19 pandemic—Rostom mentioned the continent has demonstrated outstanding resilience, supported via sound macroeconomic insurance policies. Africa’s reasonable actual GDP expansion speeded up to roughly 4.4% in 2025, up from 3.5% in 2024, making it some of the fastest-growing areas globally, with 22 nations recording expansion charges above 5%.
Rostom additionally pointed to Africa’s vital home monetary assets, together with an estimated $2.5trn in industrial banking belongings and $320bn in insurance coverage sector belongings. Alternatively, he famous that insurance coverage penetration around the continent stays underneath 2% of GDP.
He stressed out that larger integration of African monetary markets may just lend a hand mobilise long-term institutional financial savings, deepen monetary intermediation, support yield curves, and channel capital into infrastructure and different high-impact construction initiatives thru cutting edge financing tools.
Turning to Egypt, Rostom mentioned the rustic has maintained macroeconomic steadiness and endured imposing its strategic nationwide initiatives in spite of successive international and regional demanding situations. Financial expansion recovered from 2.4% in FY2023/24 to round 4.4% in FY2024/25, sooner than accelerating additional to five.2% throughout the primary 9 months of the next fiscal 12 months.
He added that the Egyptian economic system advantages from a diverse construction, with 5 key productive sectors—production, wholesale and retail business, tourism, building, and agriculture—anticipated to give a contribution roughly 64% of centered expansion in FY2026/27.
Rostom highlighted the sturdy efficiency of Egypt’s insurance coverage sector, which recorded expansion charges of 8.9% and 12.5% throughout the primary and 2nd quarters of FY2025/26, respectively. He attributed this momentum in large part to the implementation of the Unified Insurance coverage Legislation No. 155 of 2024.
To make stronger sustainable financial expansion and process advent, the minister mentioned the federal government is continuous to put into effect a complete reform time table, together with measures to fortify public funding governance and diversify financing resources.
He reaffirmed the federal government’s dedication to creating each the insurance coverage business and the wider non-banking monetary sector, whilst calling for more potent cross-border cooperation, deeper regulatory integration, and larger knowledge-sharing amongst African nations.
Such efforts, he concluded, would lend a hand construct extra powerful and built-in monetary programs around the continent, strengthening Africa’s capability to finance its construction priorities and navigate long run demanding situations.
