Egypt fast-tracks EGP 42bn pension payouts to 10.2 million citizens

Egypt has disbursed EGP 42bn in pension payments to 10.2 million people ahead of Eid al-Adha using a new digital system.

Egypt disbursed EGP 42bn in early June pension payments to 10.2 million beneficiaries. The move came ahead of the Eid al-Adha holiday. The payments followed the nationwide launch of a comprehensive digital social insurance system. Major General Gamal Awad, Chairman of the National Authority for Social Insurance, announced the figures. He spoke during an evening meeting on Wednesday. The meeting was chaired by senior officials.

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