Egypt’s non-banking monetary sector, regulated via the Monetary Regulatory Authority (FRA), serves greater than 60 million voters and supplied financing value EGP 1.4trn in 2025, in keeping with Ahmed Rostom, Minister of Making plans and Financial Building.
Rostom made the remarks all over 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 beneath the patronage of the High Minister and the FRA.
The development used to be attended via Mohamed Farid, Minister of Funding and International Business; 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 hastily evolving world and regional geopolitical traits. Those demanding situations, he mentioned, underscore the want to construct extra resilient economies, make stronger menace control frameworks, and mobilise sources to fortify sustainable construction.
He highlighted the transformation of the insurance coverage trade from a conventional risk-mitigation mechanism right into a key driving force of financial expansion, monetary steadiness, and resilience within the face of crises, local weather trade, and main world financial shifts.
In spite of a sequence of shocks affecting African economies—together with commodity worth 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 sped up to roughly 4.4% in 2025, up from 3.5% in 2024, making it one of the vital fastest-growing areas globally, with 22 nations recording expansion charges above 5%.
Rostom additionally pointed to Africa’s vital home monetary sources, together with an estimated $2.5trn in industrial banking property and $320bn in insurance coverage sector property. Then again, he famous that insurance coverage penetration around the continent stays underneath 2% of GDP.
He wired that higher integration of African monetary markets may lend a hand mobilise long-term institutional financial savings, deepen monetary intermediation, strengthen yield curves, and channel capital into infrastructure and different high-impact construction tasks via cutting edge financing tools.
Turning to Egypt, Rostom mentioned the rustic has maintained macroeconomic steadiness and persevered enforcing its strategic nationwide tasks regardless of successive world and regional demanding situations. Financial expansion recovered from 2.4% in FY2023/24 to round 4.4% in FY2024/25, earlier than accelerating additional to five.2% all over the primary 9 months of the next fiscal yr.
He added that the Egyptian financial system advantages from a diverse construction, with 5 key productive sectors—production, wholesale and retail industry, tourism, development, 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% all over the primary and 2d 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 fortify sustainable financial expansion and task advent, the minister mentioned the federal government is continuous to enforce a complete reform schedule, together with measures to give a boost to public funding governance and diversify financing assets.
He reaffirmed the federal government’s dedication to growing each the insurance coverage trade and the wider non-banking monetary sector, whilst calling for more potent cross-border cooperation, deeper regulatory integration, and bigger 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.
