MoU signed to fund over 2.4K enterprises among dwellers of Egypt's 'Decent Life' villages

CAIRO – 30 August 2023: The Ministry of Social Solidarity, Banque Misr, and Misr El Kheir foundation signed Tuesday an MoU to fund 2,425 enterprises among the dwellers of seven governorates included in Decent Life initiative with LE50 million.

Those are Beni Suef, Fayoum, Beheira, Kafr El Sheikh, Damietta, Daqahliyah, and Gharbia.

The ministry signed in July 29 contracts and four cooperation protocols with civil society to complete the third phase of Forsa Programme aimed at creating 50,000 jobs through micro enterprises.

The programme, which is targeted at the beneficiaries of Egypt's monetary subsidies programme Takaful w Karama, is implemented in collaboration with the World Bank.  The third phase includes the governorates of Fayoum, Beni Suef, Menya, Asyut, Sohag, Luxor, Qalyoubiyah, and Sharqia.

The contracts with 23 associations and NGOs would provide 11,391 beneficiaries with LE242 million worth of funding as well as training.

As for the cooperation protocols, two are aimed at 240 beneficiaries in Aswan's Kom Ombo and Edfu to produce date powder, dried tomatoes, garments, palm products, as well as carry out recycling of palm waste. The other two are targeted at capacity-building and employment in Luxor and Beni Suef.