Latest news with #OrmanAssociation
Daily News Egypt
22-06-2025
- Politics
- Daily News Egypt
Egypt launches initiative to renovate 80,000 homes in rural villages
Egypt has launched a corporate social responsibility initiative to renovate and upgrade 80,661 homes for vulnerable families in villages targeted by the first phase of the presidential 'Decent Life' initiative. The 'Decent Housing for a Decent Life' programme was launched at an event attended by senior officials, including Deputy Prime Minister Khaled Abdel Ghaffar. The initiative aims to unite the efforts of the government, private sector companies, banks, and civil society organisations to improve housing conditions in 1,477 villages across 20 governorates. The project will be implemented in collaboration with the Misr El Kheir Foundation, the Orman Association, and the Hayah Karima Foundation. Manal Awad, the minister of local development, said the government seeks to build a broad partnership to finance the project. 'The government is seeking to build a broad partnership with banks and companies within the framework of their social responsibilities, and with civil society organisations, to upgrade and develop the homes of 80,661 families,' she said. The initiative has already raised EGP 377m in donations from the government, civil society, and the private sector, announced Maya Morsy, the minister of social solidarity, during a fundraising drive at the launch event. Awad described the parent 'Decent Life' initiative, launched by President Abdel Fattah al-Sisi in 2019, as 'an unprecedented qualitative shift in the history of the Egyptian countryside.' She stated that the first phase of the 'Decent Life' initiative is 90% complete, with 27,334 projects implemented at a cost of EGP 360 billion, serving 18 million citizens. The projects include developing infrastructure such as water, sanitation, electricity, and roads, as well as improving social services like schools and hospitals. The new 'Decent Housing' initiative aims to ensure that families in dilapidated homes can fully benefit from the state's large-scale infrastructure investments. A detailed survey was conducted by the ministries of local development and social solidarity, in partnership with the civil society organisations, to identify the families in need. A steering committee chaired by Mohamed Farid Hegazy, a presidential advisor for the 'Decent Life' initiative, will oversee the programme's implementation. Awad outlined a framework for governance and quality assurance, which includes a joint financial account for the three implementing foundations, oversight from the Ministry of Social Solidarity, and quality control checks by engineering committees. This will ensure transparency and efficiency in the use of funds. The minister detailed a clear division of roles: The private sector and banks: Provide funding through their corporate social responsibility budgets. Provide funding through their corporate social responsibility budgets. Civil society organisations: Design and execute the renovation, rehabilitation, and furnishing of homes, using local contractors and labour to create jobs. Design and execute the renovation, rehabilitation, and furnishing of homes, using local contractors and labour to create jobs. Government ministries and governorates:Facilitate permits, licenses, and utility connections to streamline the process for the implementing organisations.
Zawya
30-04-2025
- Business
- Zawya
FABMISR and Orman Association expand partnership with second phase to drive sustainable development
Cairo – Building on the success of its initial efforts, First Abu Dhabi Bank Misr (FABMISR), one of the largest banks operating in Egypt, continues its collaboration with Orman Association to enhance the living conditions and economic opportunities in Al Falouga village, located in the Badr district of Beheira Governorate. This marks the launch of the second phase of the village's comprehensive development initiative, reinforcing FABMISR's commitment to social responsibility and Egypt Vision 2030. By the end of this phase, First Abu Dhabi Bank Misr will have completed infrastructure development projects, including fully renovating 50 homes, providing a safer and healthier living environment for the community's most vulnerable residents. In addition, the bank is introducing 12 biogas projects, harnessing renewable energy solutions to reduce dependence on traditional fuel sources and promote environmental sustainability. FABMISR is also supporting the agricultural sector by providing 24 cattle heads to further bolster the community's sustainable farming practices. Furthermore, economic empowerment remains a central pillar of the bank's efforts within the village. First Abu Dhabi Bank Misr will have supported local entrepreneurship for 55 families by facilitating micro-projects that enhance financial inclusion and create sustainable income streams. This includes funding for small businesses such as grocery stores, clothing ventures, cleaning supplies, sewing enterprises, and confectionery shops. To further promote economic growth, FABMISR will also have enhanced financial literacy for 55 individuals, providing them with the knowledge and tools to better manage their finances, which is integral to their ability to sustain and expand their businesses. Mohamed Abbas Fayed, CEO and Managing Director of FABMISR, commented on the initiative, stating: "The success of the first phase in Al Falouga village has reaffirmed our commitment to creating sustainable and impactful change in communities that need it most. At FABMISR, we believe in driving progress through a holistic approach that not only improves living conditions but also empowers individuals with the tools and opportunities to build a better future. With the launch of the second phase, we continue our efforts to enhance infrastructure, promote renewable energy solutions, and foster economic empowerment, ensuring long-term prosperity for the residents of Al Falouga." Ahmed Osama El-Gendy, CEO of Orman Association, emphasized the significance of the ongoing collaboration, stating: "Our partnership with FABMISR continues to be a driving force in transforming Al Falouga village and empowering its residents. At Orman Association, we have always been committed to transitioning communities from reliance to self-sufficiency, and this collaboration is a testament to the power of collective action in creating lasting impact by fostering long-term sustainability by supporting economic growth and renewable energy solutions." It is worth noting that the first phase of the initiative saw the rehabilitation of 25 homes, support for 40 small enterprises, the implementation of 6 biogas projects, and the provision of 12 heads of livestock, in addition to enhancing the financial literacy of 40 individuals. These efforts contributed to improving the living and economic conditions of the village's residents. With the launch of the second phase, First Abu Dhabi Bank Misr continues its efforts to promote sustainable development and elevate the quality of life in communities, reaffirming its commitment to social responsibility and its vision for the future. About FABMISR: FABMISR, a subsidiary of the First Abu Dhabi Bank Group (FAB), is one of the largest foreign banks operating in Egypt. FABMISR's local network operates through 72 branches, where it provides leading banking products and services that cater to all customer segments; along with achieving the highest value for its stakeholders and employees. Moreover, the bank offers a personalized banking experience to meet the various expectations of its customers from large organizations, SMEs and consumers whilst utilizing its global experience to support stakeholders, entrepreneurs and the local economy. FAB is one of the world's largest and safest financial institutions with an international network spanning over five continents. The bank also offers global relationships, extensive experience, and financial strength to support local, regional, and international companies seeking to manage their businesses at home and abroad. FAB is rated Aa3, AA- and AA- by Moody's, Standard & Poor's (S&P, and Fitch, respectively), making it the most robust aggregate rating of banks in the Middle East and North Africa region. FAB is also a regional leader in sustainability and is part of the MSCI ESG Leaders Index and FTSE4Good EM. For more information on FABMISR, please visit
