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Throughout 2012, Egypt’s Social Fund for Development (SFD) signed a number of contracts with foreign countries totalling $418m. (Photo: Courtesy of Facebook Fan Page)

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 …

Daily News Egypt

SFD signs EGP 50m agreement with Industrial Development Bank

Director-general of the Social Development Fund (SFD) Soha Soliman has signed two agreements with the Industrial Development Bank to develop small- and medium-sized enterprises (SMEs) in Egypt. The value of the agreements, which were signed on 17 February, is EGP 50m, funded by the French Agency for Development (AFD). SFD said that the agreements come …

Daily News Egypt

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 …

Daily News Egypt