The EFG Foundation and The National Institute for Governance and Sustainable Development Discuss Future Bilateral Cooperation
تاريخ النشر: 25th, September 2023 GMT
Dr. Sharifa Sharif، the Executive Director of the National Institute for Governance and Sustainable Development، the training arm of the Ministry of Planning and Economic Development، has met with Mrs. Hanaa Helmy، Group Chief Corporate Sustainability and Impact Officer of EFG Holding and CEO of the EFG Foundation، to discuss future bilateral cooperation.
During their meeting، Dr. Sharifa Sharif highlighted the role and responsibilities of the National Institute for Governance and Sustainable Development، as well as the partnerships it has established with major centers and universities on both local and international levels to deliver high-quality training programs. Dr. Sharif emphasized the institute's role in providing advisory، conducting research، and implementing training programs that aim to promote a culture of sustainability and activate governance mechanisms across all sectors of the state in alignment with the objectives of Egypt's Vision 2030.
Dr. Sharif also mentioned the initiatives launched by the institute، including the ‘Be an Ambassador’ initiative for sustainable development that was launched in collaboration with the Ministry of Planning in 2020. This initiative focuses on building and enhancing capacities in the field of sustainable development، with an emphasis on modern environmental thinking، the concept of fair and inclusive sustainable development، and the importance of committing to the United Nations' Sustainable Development Goals (UNSDG). In addition، Dr. Sharif highlighted the ‘Green Minds’ initiative، which aims to raise awareness and promote sustainable behavior among children and students in schools to combat climate change. The initiative targets children and students aged 6 to 18. She also mentioned ‘the Salah، Omnia، and Development Goals’ initiative، which aims to simplify the concept of sustainable development and its goals، highlighting its importance and means of achieving them through 17 engaging and captivating short stories suitable for primary school children. She also emphasized that releasing these stories is part of a comprehensive plan developed by the institute to raise awareness of the UN goals at both the local and regional levels.
Dr. Sharif explained the role of the Egypt Entrepreneurship and Innovation Center in empowering Egyptian youth as entrepreneurs to help foster an entrepreneurial mindset capable of generating innovative ideas that contribute to achieving Egypt's Vision 2030 goals، which align with the United Nations' Sustainable Development Goals. The center also seeks to enhance coordination and support among stakeholders in Egypt's entrepreneurial ecosystem، improving necessary services for entrepreneurs and encouraging startup companies to begin their operations.
On her part، Mrs. Hanaa Helmy expressed her appreciation for the efforts of the National Institute for Governance and Sustainable Development، saying، “The EFG Foundation looks forward to joining forces with the institute through fruitful collaboration in the field of sustainable development and the development of local communities to combat climate change. They aim to empower women، activate the circular economy، incorporate various technological means، and promote financial inclusion for a sustainable green future.”
During the meeting، they discussed the cooperation between the institute and the foundation in implementing the ‘Green Footprint’ initiative. As part of this initiative، a training program titled ‘Heya for Sustainable Development’ will be conducted، targeting 50 women from the Aswan Governorate، specifically Esna. The training will be divided into two stages. The first stage will focus on training participants on rooftop cultivation techniques. After evaluating the participants' engagement in training، the second stage، ‘Train the Trainer،’ will commence، providing training on how to execute the project from idea to implementation.
المصدر: بوابة الفجر
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Education Above All Foundation and Tanmeyah Partner to Combat Youth Unemployment in Egypt
Education Above All Foundation and Tanmeyah Partner to Combat Youth Unemployment in Egypt
New programme to support 305،000 youth in establishing and expanding small enterprises across key economic sectors.
Education Above All Foundation’s Silatech programme، in collaboration with Tanmeyah، a subsidiary of EFG Holding، and a leading provider of innovative and integrated financial solutions for small business owners and entrepreneurs، partnered to launch the Youth Self-Employment Initiative to tackle Egypt’s youth unemployment crisis. The 3.5-year initiative will economically empower 305،000 young Egyptians by providing access to financing، financial literacy training، and business development support to establish and expand micro and small enterprises across key economic sectors.
Egypt’s labour market faces significant challenges، with youth unemployment rates remaining high despite government efforts to create 800،000 new jobs annually. Recognising the crucial role of the said enterprises in fostering economic growth، comprising 98% of private businesses، the Youth Self-Employment Initiative aims to bridge the existing financial gap by enhancing financial access and business sustainability for young entrepreneurs.
A key component of the initiative is the introduction of a ‘Partial Loss Credit Guarantee Facility’، designed to reduce lending risks and expand financing opportunities to underbanked young entrepreneurs. As a result، the number of active youth beneficiaries is projected to grow to 305،000 by the project’s completion.
To promote sustainability، a specialised green financing product will support businesses in agriculture and renewable energy sectors. Additionally، mobile branches will extend financial services to rural and remote areas، fostering greater financial inclusion. The initiative will also provide financial literacy training through personalised education sessions and digital outreach، equipping youth with essential financial management skills to improve business sustainability and success rates.
Hassan Al Mulla، Executive Director of the Silatech programme at Education Above All Foundation emphasized the initiative’s transformative potential، saying، “At Silatech programme، we believe that empowering youth is the cornerstone of prosperous societies. Through this initiative in Egypt، we aim to foster an enabling economic environment that equips young people to overcome challenges and realize their ambitions by improving access to finance and entrepreneurial training. Our vision is to support a new generation of Egyptian entrepreneurs capable of driving economic growth and advancing sustainable development across their nation.”
Jinu Johnson، CEO and Managing Director of Tanmeyah، commented، “At Tanmeyah، we are committed to driving economic growth and fostering entrepreneurship among Egypt's youth. This initiative is a testament to our dedication to providing essential financial services and support to young entrepreneurs، enabling them to build sustainable businesses and contribute to the nation's economic development. By leveraging our expertise and resources، we aim to create lasting impact and empower the next generation of leaders.”
Aligned with Egypt’s Vision 2030، the Youth Self-Employment Initiative supports national efforts to reduce youth unemployment and promote economic diversification. By integrating green finance solutions، the initiative also contributes to Egypt’s climate action goals by encouraging environmentally responsible business practices.
Through this strategic partnership، the EAA Foundation’s Silatech programme and Tanmeyah reaffirmed their commitment to creating long-term economic opportunities for Egypt’s youth، empowering them with the skills and financial tools necessary to build sustainable livelihoods and drive the nation’s economic growth.
تنافس مثير على مقاعد البطولات الأوروبية في الجولة الختامية من الدوري الإنكليزي