Latest in Tag: Social Fund for Development Highlight
Latest in Tag: Social Fund for Development
Housing Ministry, SFD sign protocol to develop 370 homes in Minya and Sohag
The overall objective of the project is to alleviate poverty by providing temporary jobs for youth in the target villages, says Soliman
OFID grand $40m loan in coordination with SFD
The loan will have a 4% interest rate, and the fund has provided Egypt with more than $950m, says representative
New initiative to merge informal, formal economies: Soliman
Secretary General of the Social Fund for Development (SFD), Soha Soliman, has revealed that there is a new initiative to merge the informal and formal economies. Soliman outlined that the initiative includes offering incentives to owners of informal projects, such as offering them different tax methods from those provided to owners of major projects. “The …
Petroleum, supply ministries cooperate to transform cooking oil into biodiesel
The programme will be applied in all governorates in Egypt, whereby ACPA will be responsible for the transformation process
UK-sponsored Nomou Initiative to promote SME sector
Nomou, funded by the UK government, Shell Foundation and GroFin, provides technical and business support to entrepreneurs
Eshtaghal EXPO employment fair open for 2 days
PepsiCo offers 14,000 positions for youth
WASME to discuss new Egyptian SMEs law next month
Association will discuss cooperation to promote Egypt’s SMEs during meeting with Industry Minister
Poverty map puts Upper Egypt among SFD’s priorities during 2015: Fund Director
The Social Fund for Development (SFD) is fighting poverty across Egypt’s governorates through a range of projects for social development
Khalifa Fund activates development loan agreement to Egypt
A loan agreement between the Khalifa Fund for Enterprise Development, the Egyptian Ministry of International Cooperation and Social Fund for Development has been reintroduced, according to Khalifa Fund Chairman Hussain Jasim Al-Nowais. The agreement worth $200m was initially proposed in November 2014, to invest in Egyptian micro-project developments, following all the legal procedures in both …
UN Women provide 5m jobs for Egyptian women
4,000 small-sized businesses to be provided for low-income women at cost of EGP 18m in 250 villages, says SFD Secretary General
SFD obtains $90m for short-term employment investments
The Social Fund for Development (SFD) has obtained $90m as part of the Emergency Labour Intensive Investment Project, according to the SFD’s Social Development department head Medhat Ismail Thursday. The investment injection will be used to create short-term employment opportunities for unskilled and semi-skilled workers, Ismail added. Signed in 2013, the SFD has cooperated with …
Barclays Egypt pumps EGP 250m for small, medium projects through 2015
The additional investment will bring the total funding for clients up to EGP 850m by the end of the year, with the bank granting funds for this sector started in mid-2014.
Agreement signed converting 2,000 cars to run on natural gas
210,000 cars running on natural gas, 180 supply stations and 74 conversion centres created between 2012 and 2014
SMEs priority for finance ministry
Dimian revealed a study conducted by the government to set out a system of integrated incentives to bring about a “renaissance” for SMEs in coordination with the Ministry of Trade, the Social Fund for Development, and the Central Bank of Egypt.
EGP 41m for Nile protection in 5 governorates
Projects’ investments on treating small canals and protecting Nile River embankments valued at EGP 323m, says water minister
Social Fund for Development to grant further loans for projects in poor areas: Director
Funding reached EGP 2.3bn by September, of which EGP 2bn was allocated to small- and medium-sized projects and EGP 300m for social development
SFD plans to allocate EGP 2bn to fund projects by year-end: Secretary General
By Ayat Al-Batawi In December 2013, the board of directors of the Social Fund for Development (SFD) approved a budget of EGP 3bn for 2014 to finance development programmes of small enterprises and labour-intensive projects. Since the beginning of 2014, the Social Fund for Development has given a special attention to Egyptian youth, spending EGP …
Social Fund for Development spends 70% of allocations in 2014
Fund hopes to generate 185,000 work opportunities by end of 2014 by providing EGP 2bn in loans to small and medium enterprises
EGP 3bn estimated budget for Social Fund for Development in 2014
This budget will be directed to finance the development of small enterprises, including infrastructure and community-based ventures
Foreign Trade Minister issues decision to establish ‘Handicrafts Export Council’
Council to support handicrafts sector following major decline in tourism
France to launch development projects worth €110m
Development projects aim at supporting agriculture and microfinance projects in Egypt
Cargas inks EGP 5m deal to fund conversion of 1,000 vehicles to natural gas
Agreement represents sixteenth signed between Cargas and Social Fund For Development
New policies to support SMEs and micro-businesses
The number of these businesses in Egypt was estimated to be near 3.4 million by the end of 2011, employing nearly 33.7% of Egypt’s employed population
New investment zone to be established in Giza
Priority will be given to projects seeking employ the largest number of the region’s youth, and which will improve the province’s education system and industrial facilities, said the Giza givernor
SFD received $418m in 2012
The SFD signed contracts for $190m in loans to fund small scale development projects and $228m in grants to fund worker development programmes and improve social services
Banks offer loans to develop call centres
In cooperation with the Cairo Chamber of Commerce, a variety of loans are being offered to enhance the call centre industry
ITIDA targets 17 per cent growth in IT sector by 2013
280 companies have been granted loans with updated registration requirements based on the standards of ITIDA