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Daily News Egypt
13-07-2025
- Business
- Daily News Egypt
Egypt's Contact insurance arms, Germany's GIZ partner on SMEs, gender equity
The insurance arms of Egypt's Contact Financial Holding have expanded their partnership with the German Agency for International Cooperation (GIZ) Egypt to develop insurance solutions for small and medium-sized enterprises (SMEs) and to advance gender equality. The strategic partnership involves Sarwa Insurance, the group's general insurance arm, and Contact Insurance Brokerage. Sarwa Insurance has been selected as one of three general insurers in Egypt to participate in the InsurGrow Egypt 2025 programme. The six-month programme, implemented by GIZ Egypt in collaboration with the Insurance Federation of Egypt, will aim to help insurers develop innovative, tailored products for the SME sector to enhance risk management and expand insurance access. 'We are proud to be chosen as a key partner in this ambitious initiative, which we see as a real opportunity to transform how insurance solutions are designed and delivered to Egypt's SME sector, a critical driver of the national economy,' said Ahmed Khalifa, Managing Director of Sarwa Insurance. 'Through this collaboration, we aim to develop innovative and scalable models rooted in a deep understanding of the market and the real needs of entrepreneurs and business owners, ultimately contributing to their stability and sustainable growth.' In parallel, Contact Insurance Brokerage is joining the 'Women on Track' programme with GIZ Egypt to promote gender equality in male-dominated industries. The programme includes leadership training, institutional policy enhancements, and the implementation of gender-responsive practices to increase female representation in leadership and technical roles. Contact Insurance Brokerage will collaborate with GIZ Egypt on policy reviews, capacity-building workshops, and the integration of equitable frameworks to support women's career progression. 'Our partnership with GIZ Egypt reflects Contact's conviction that diversity is not merely a moral imperative but a strategic advantage, one that fuels innovation, competitiveness, and market growth,' said Nehal Break, Chairman & Managing Director of Contact Insurance Brokerage. 'By institutionalizing equitable policies, we are creating pathways for women to excel and lead. This initiative aligns with our broader vision to establish new industry standards for gender equality while reinforcing our pledge to sustainable development.' The initiatives are part of the JPSME Project, which is implemented by GIZ Egypt on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), and aim to improve labour market conditions and enhance partnerships between the Egyptian private sector and international institutions.
Economic Key
13-07-2025
- Business
- Economic Key
Sarwa Insurance and Contact Brokerage Partner with GIZ Egypt to Expand Sustainable and Inclusive Insurance Coverage
Demonstrating its steadfast commitment to sustainability across its diversified operations, Contact Financial Holding's insurance sector represented by Sarwa Insurance, the Group's general insurance arm, and Contact Insurance Brokerage, the Group's insurance brokerage arm, has expanded its collaboration with the German Agency For International Cooperation (GIZ) Egypt. This strategic partnership is designed to catalyze sustainable economic development by fostering inclusion and diversity within Egypt's workforce, with a dual focus on empowering small and medium-sized enterprises (SMEs) and advancing gender equity in the workplace. Sarwa Insurance has been distinguished as one of only three general insurers in Egypt selected to take part in InsurGrow Egypt 2025 program Implemented by GIZ Egypt in collaboration with the Insurance Federation of Egypt and several local and international partners. This six-month program will empower insurers to reshape how insurance solutions are developed and delivered to SMEs by enabling them to develop innovative, tailored products that address the specific needs of this vital sector, enhancing risk management and expanding insurance access. Sarwa's insurance selection underscores its strong reputation, deep industry expertise, and unwavering commitment to advancing insurance accessibility for Egypt's growing SME landscape. Mr. Ahmed Khalifa, Managing Director of Sarwa Insurance, said, 'We are proud to be chosen as a key partner in this ambitious initiative, which we see as a real opportunity to transform how insurance solutions are designed and delivered to Egypt's SME sector, a critical driver of the national economy. Through this collaboration, we aim to develop innovative and scalable models rooted in a deep understanding of the market and the real needs of entrepreneurs and business owners, ultimately contributing to their stability and sustainable growth.' In tandem, Contact Insurance Brokerage is deepening its engagement with GIZ Egypt to advance gender equality by joining the 'Women on Track' program, which seeks to optimize workplace conditions for women in male-dominated industries. The program encompasses leadership training, institutional policy enhancements, and the implementation of gender-responsive practices to elevate female representation in leadership and technical roles. As part of this initiative, Contact Insurance Brokerage will collaborate with GIZ Egypt on policy reviews, capacity-building workshops, and the integration of equitable frameworks to support women's career progression. This cements the firm's reputation as a trailblazer in gender parity and sustainable business practices within Egypt's insurance brokerage landscape. Mrs. Nehal Break, Chairman & Managing Director of Contact Insurance Brokerage, stated: 'Our partnership with GIZ Egypt reflects Contact's conviction that diversity is not merely a moral imperative but a strategic advantage, one that fuels innovation, competitiveness, and market growth. By institutionalizing equitable policies, we are creating pathways for women to excel and lead. This initiative aligns with our broader vision to establish new industry standards for gender equality while reinforcing our pledge to sustainable development.' It is noteworthy that these initiatives are part of the JPSME Project, implemented by the German Agency for International Cooperation (GIZ) Egypt, on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ). These initiatives aim to improve labor market conditions and enhance partnerships between the Egyptian private sector and international institutions. تم نسخ الرابط
Zawya
05-05-2025
- Business
- Zawya
GIZ Egypt hosts landmark digital transformation forum to accelerate industry 4.0 adoption in Egypt's manufacturing sector
Over 70 Stakeholders Unite in Cairo to Drive Innovation, Boost Industrial Competitiveness, and Advance Egypt's Vision for a Digitally Empowered Economy Cairo, Egypt: In a powerful demonstration of commitment to Egypt's economic future, GIZ Egypt today convened a landmark Digital Transformation Forum, drawing the participation of key government officials, private sector pioneers, and leading industry experts. The high-profile event, held in Cairo, underscores a concerted national effort to empower Egypt's industrial sector through the adoption of cutting-edge Industry 4.0 technologies. Esteemed representatives from pivotal organizations including the Information Technology Industry Development Agency (ITIDA), the Industrial Modernization Center (IMC), the Chamber of Information Technology and Communication (CIT), Banque Du Caire (BDC) , and the Egypt-Japan University of Science and Technology (E-JUST), as well as industry leaders such as INTEGRATION International Management Consultants GmbH, the Egyptian Association for Industrial Technology (Egypt4Industry), and the Egyptian International Pharmaceutical Industries Company (EIPICO), actively engaged with manufacturers from key industrial zones spanning the 6th of October, Sadat, Beni Suef, Borg El Arab, and Fayoum. This strategic scene of diverse expertise aims to bridge the existing gap between industrial needs and the transformative potential of advanced technologies, directly contributing to the competitiveness of local manufacturers and accelerating localization within the sector. Bringing together over 70 influential stakeholders, the event served as a dynamic platform for fostering awareness, sharing practical applications of Industry 4.0, and forging crucial business connections between manufacturers, support institutions, and technology service providers. Mr. Sameh Hammad, Head of Component 'Clusters / Industrial Zones Development' in the Project Job Partnerships and SME Promotion in Egypt (JP-SME), at GIZ Egypt emphasized the strategic importance of this initiative, stating, 'With Egypt focusing on elevating the ICT sector's contribution to 8% of GDP by 2030, digital transformation is not merely an option, but an imperative. Egypt's unwavering commitment to embracing Industry 4.0 across all sectors is evident, and GIZ is proud to be supporting this evolution. This forum embodies our dedication to equipping local manufacturers with the essential tools and knowledge to compete in the era of smart manufacturing, fostering sustainable industrial growth powered by innovation.' For his part, Mr. Marcus Antonius Casel, Team Leader at INTEGRATION International Management Consultants GmbH, said, 'Egypt has an ambitious vision to increase the industrial sector's current contribution to GDP from 14% to 20–30%. This vision aligns perfectly with INTEGRATION's experience in emerging markets, as demonstrated through our two-year partnership with GIZ on the Cluster Development Project, which has already shown transformative potential in driving innovation. We are committed to building on our collective achievements to further strengthen Egypt's industrial resilience.' Mr. Muhammad Said, Co-founder and Board Member of the Egyptian Association for Industrial Technology (Egypt4Industry), conveyed his organization's dedication, stating, 'Egypt4Industry is deeply committed to the advancement of Egypt's industrial sector. We achieve this by delivering specialized advisory services that empower factories and industrial zones to strategically leverage digital solutions, leading to tangible improvements in productivity, sustainability, and overall resilience. We extend our sincere appreciation to our invaluable partner, GIZ. Their resources, profound expertise, and unwavering support have been instrumental in empowering businesses and entrepreneurs throughout the industrial landscape.' This significant forum marks a pivotal milestone in Egypt's ambitious journey towards a digitally empowered industrial future. By fostering robust collaboration between manufacturers, technology innovators, and key institutional partners, GIZ and its partners are actively constructing the foundation for a more intelligent, agile, and competitive manufacturing ecosystem. This progress is further reinforced by Egypt's substantial investments in digital infrastructure, with a dedicated allocation of USD 1.6 billion. About GIZ: Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH is a service provider in the field of international cooperation for sustainable development. Operating in Egypt since 1956, GIZ provides technical expertise, develops capacities, and delivers effective solutions in close partnership with local governmental and non-governmental organisations. GIZ supports Egypt in its efforts to achieve the Sustainable Development Strategy: Egypt Vision 2030 and to create better social and economic prospects for the Egyptian people. On behalf of the German Government, the European Union, and other parties, GIZ implements more than 20 projects with a total budget of over 190 million Euros, in all parts of Egypt in the following areas of cooperation: Energy, Water, Economic Development, Governance and Urban Development. This event is implemented on behalf of the German Government by GIZ Egypt through the Project Job Partnerships and SME Promotion (JP-SME), as part of the Invest for Jobs - Special Initiative "Decent Work for a Just Transition".
