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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

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 …

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

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.

Mohamed Ayyad

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)

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

Daily News Egypt

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