The Ministry of Social Solidarity trained a host of journalists and media professionals on financial systems and financial inclusion over the past two days.
Titled “Strategic Financial System for Economic Empowerment,” the training course enjoyed personal sponsorship from Minister Maya Morsy.
Ministry Undersecretary and Spokesman, Ayman Abdel Mawgoud, called for providing
journalists with data to help them carry out their mission of covering events accurately.
Trainers and speakers during the course talked about the ministry strategy on empowering ordinary people by changing the nature of its support.
Instead of offering aid, they said, the ministry strives to turn beneficiaries into a productive force.
They also talked about the work the ministry does in the areas of social protection and care as well as about the Central Unit for Associations and Civil Society Activities, a ministry body established in 2019 to oversees the work of local NGOs.
The speakers and the trainers threw light, meanwhile, on digital transformation inside the ministry, describing it as a vital element in its development as an institution.
The electronic management and organisation of data, they said, is crucial for raising the efficiency of the ministry’s work.
The same transformation also speeds up the delivery of the ministry’s services to eligible citizens, not to mention the role it plays in advancing capacity-building, they added.
Executive Director of the Fund of the Differently Capable initiative, which was launched by President Abdel Fattah El Sisi in 2018 to support disabled persons, Zeina Tawakol, talked about the role her fund plays in backing people with special needs.
The fund, she said, works to offer disabled persons with integrated social protection and develop their capacities by economically empowering them and providing them
with social, educational and medical care.
Engy al-Yamani, executive director of the Rural and Environmental Industries Support Fund, also spoke about the fund’s role in reducing poverty, especially by targeting the most vulnerable.
“The fund also delivers basic financial services, such as microloans, micro-insurance, investments and other banking services to help build a favourable environment for small and medium enterprises, create jobs and enhance economic stability,” she added.
She noted that her fund aims to develop a society where both women and men have the opportunity to gain financial and economic independence and are able to make positive contributions to their communities.
“Our mission is to provide an enabling environment that gives individuals, especially vulnerable ones, access to financial services and help them participate in sustainable economic development,” al-Yamani said.
She explained that the fund also works to develop local value chains, open markets for goods and strengthen the sustainability of small businesses, as well as bolster partnerships with licensed institutions and the civil society.
She revealed that the Rural and Environmental Industries Support Fund collaborates with local banks, particularly Banque Misr, to help microbusinesses, advance financial inclusion and offer support to entrepreneurs.
The training also included a session on the work of Nasser Social Bank, during which the bank’s Deputy Board Chairman, Walid al-Nahas, talked about the role it plays in helping beneficiaries establish income-generating projects and become more economically self-reliant.
He said Nasser Social Bank has 98 branches around Egypt.
“We have hammered out a strategic partnership with the National Postal Authority to help beneficiaries gain access to our services through a network of around 4,700 post offices across Egypt,” al-Nahas said.
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