Egyptians invest 1.3B pounds in phones in 60 days
Egypt experienced a significant increase in consumer financing during the first two months of 2026, reaching 19.312 billion Egyptian pounds, representing a 61.7% rise compared to the same period last year. The number of customers also grew to 2.488 million, an increase of 64.2%. Car and vehicle financing led the sector, accounting for 23.9% with a value of 4.61 billion pounds. Meanwhile, electronics and electrical appliances financing amounted to 4.3 billion pounds, making up 22.3%. The financing market also saw notable growth in the home appliances and mobile phones sectors.
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