DailynewsegyptDailynewsegyptDailynewsegypt February 20, 2026
  • Home
  • Business
    BusinessShow More
    Arab African International Bank AAIB funds Upper Egypt’s first AI-powered integrated radiotherapy system
    AAIB funds Upper Egypt’s 1st AI-powered integrated radiotherapy system
    February 19, 2026
    Egypt, Canada deepen healthcare cooperation with focus on digital health, oncology
    Egypt, Canada deepen healthcare cooperation with focus on digital health, oncology
    February 18, 2026
    Egypt showcases 15 garment companies at MAGIC Show in Las Vegas
    Egypt showcases 15 garment companies at MAGIC Show in Las Vegas
    February 18, 2026
    Minister of Health Khaled Abdel Ghaffar
    Pilot rollout of universal health insurance set for Minya to expand coverage
    February 18, 2026
    BDS Hubs deliver over one million non-financial services under CBE’s NilePreneurs initiative
    BDS Hubs deliver over one million non-financial services under CBE’s NilePreneurs initiative
    February 18, 2026
  • Politics
    PoliticsShow More
    Forecasting Uncertainty: Diplomacy, Deterrence, and the Limits of Political Prediction in the Iran–Israel Crisis
    Opinion | Forecasting Uncertainty: Diplomacy, Deterrence, and the Limits of Political Prediction in the Iran–Israel Crisis
    February 18, 2026
    Tahya Misr, House of Zakat deliver 780 tonnes of food aid to Gaza ahead of Ramadan
    Tahya Misr, House of Zakat deliver 780 tonnes of food aid to Gaza ahead of Ramadan
    February 18, 2026
    Abdelatty launches institutional expansion of Egyptian Agency of Partnership for Development
    Abdelatty launches institutional expansion of Egyptian Agency of Partnership for Development
    February 18, 2026
    Egypt to build Terminal 4 at Cairo airport and tender Hurghada management to private sector
    Egypt to build Terminal 4 at Cairo airport and tender Hurghada management to private sector
    February 18, 2026
    Egypt, Kenya deepen strategic cooperation on water security, investment, and regional stability
    Egypt, Kenya deepen strategic cooperation on water security, investment, and regional stability
    February 17, 2026
  • Interviews
    InterviewsShow More
    Todd Wilcox, CEO and Deputy Chairperson of HSBC Bank Egypt
    We remain at centre of Egypt’s most significant transactions across multiple fronts: HSBC Egypt CEO
    February 15, 2026
    Majd El Qassem: Music saves me; ‘Shou Helou’ brings joy back to scene
    Majd El Qassem: Music saves me; ‘Shou Helou’ brings joy back to scene
    February 4, 2026
    Dr Sooyoung Park
    KOICA’s development portfolio in Egypt reaches $100m: Country Director
    January 19, 2026
    Ihab Omar, Managing Director and CEO of Qasatli Mortgage Finance
    Mortgage finance in Egypt accounts for just 0.3% of GDP: Qasatli
    January 13, 2026
    Elham Shahin: Art is not luxury; it is moral position
    Elham Shahin: Art is not luxury; it is moral position
    January 7, 2026
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Font ResizerAa
DailynewsegyptDailynewsegypt
Font ResizerAa
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Search
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Follow US
Dailynewsegypt > Blog > Business > Social Solidarity Ministry, NACDW partner to provide microloans, economic empowerment services
Business

Social Solidarity Ministry, NACDW partner to provide microloans, economic empowerment services

Daily News Egypt
Last updated: November 27, 2024 10:53 pm
Daily News Egypt
Share
3 Min Read
Social Solidarity Ministry, NACDW partner to provide microloans, economic empowerment services
SHARE

The Egyptian Ministry of Social Solidarity and the National Alliance for Civil Development Work (NACDW) have joined forces to provide microloans and economic empowerment services to women and youth in six governorates participating in the government’s “Decent Life” initiative.

The initiative will focus on individuals aged 21 to 55 in Aswan, Asyut, Beni Suef, Giza, Alexandria, and Dakahleya. A cooperation protocol formalizing the partnership was signed by Maya Morsy, Minister of Social Solidarity, and Khaled Abdel Aziz, Chairperson of the Board of Trustees of the National Alliance for Civil Development, at the Ministry of Social Solidarity headquarters in the New Administrative Capital.

This collaboration includes a broad range of support services aimed at fostering economic independence, such as training in project management and e-marketing, vocational training, microfinance, awareness campaigns, veterinary care for livestock projects, insurance for livestock and productive units, and enhanced marketing opportunities for participating organizations. The program is designed to provide high-quality, targeted assistance to those in need.

Social Solidarity Ministry, NACDW partner to provide microloans, economic empowerment services

The protocol signing was attended by Nabila Makram, Head of the Technical Secretariat of the National Alliance for Civil Development, members of the Alliance’s Board of Trustees, and Ministry of Social Solidarity officials.

The partnership aims to create an integrated system for empowering low-income individuals and families by integrating them into productive economic activities, improving socio-economic conditions, particularly for female heads of households, and supporting people with disabilities through skill-based projects. The initiative also targets beneficiaries of the “Takaful wa Karama” social welfare programme, as well as individuals who applied but were deemed ineligible, whose data is held by the ministry.

Morsy emphasized the goal of economic empowerment for women and youth in the “Decent Life” villages, stating that the initiative will help participants escape poverty and achieve the broader goals of the “Takaful wa Karama” programme, fostering economic independence and development. She also highlighted the importance of work as a means of breaking the cycle of poverty and stressed the ministry’s commitment to coordinating with various ministries, organizations, and the private sector to reach marginalized and vulnerable groups through integrated services.

Abdel Aziz noted that the protocol reflects the Alliance’s dedication to supporting Egypt’s sustainable development and social justice goals. “We are proud to collaborate with the Ministry of Social Solidarity on this vital project, empowering women and youth in ‘Decent Life’ villages through sustainable job opportunities and improved living standards,” he said.

Makram also underlined the significance of the project in empowering women and youth in rural areas, enhancing their participation in development, and fostering a more equitable society.

 

To follow Daily News Egypt on WhatsApp press here

To follow Daily News Egypt on Telegram press here

EGP 2.8trn increase in total financial position of banks during 2023: CBE
KSB to establish west Cairo, Al-Walidiyah pumps for EGP 652m
Egypt’s hotel market records 50% y-o-y decline in H1 2020: Colliers
Egyptian remittances increase 8.5% to $23.4bn within 9 months: CBE
US Ambassador in Cairo visits ancient city of Abydos, old Coptic monasteries in Sohag
TAGGED:Decent LifemicroloansNabila MakramNACDWSocial Solidarity MinistryTakaful wa Karamawomen
Share This Article
Facebook Copy Link Print
Ad image
Ad image

You Might Also Like

EIPR comments on new Swiss law to freeze, seize and recover smuggled assets

September 23, 2013
Eurozone Q2 GDP rebounds, inflation slows but remains a concern
Business

Eurozone Q2 GDP rebounds, inflation slows but remains a concern

August 1, 2023
CBE takes first steps towards launching digital banks in Egypt
Banking

CBE takes first steps towards launching digital banks in Egypt

July 15, 2023
Central Bank of Egypt
Business

CBE keeps ratings unchanged

February 28, 2015
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • home
  • Advertise with us
  • Developers
  • Subscribe with us
  • careers
  • Terms of service
  • Get In Touch
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?