newsycanuse

Banks direct EGP 3.9bn to priority service sectors in 2024: CBE

banks

The Central Bank of Egypt (CBE) announced that the total contributions made by the banking sector to corporate social responsibility (CSR) projects reached nearly EGP 3.9bn in 2024. These contributions were primarily allocated to key service sectors, including healthcare, social welfare, education, and development initiatives, as well as programs focused on women’s empowerment and support for persons with disabilities (PwDs).

This effort reflects the CBE’s ongoing commitment to empowering vulnerable segments of society and reinforces its leadership role in mobilizing the banking sector’s support for impactful CSR efforts.

The healthcare sector received the largest portion of the contributions, amounting to approximately EGP 2.5bn. It was followed by the social welfare sector, which received nearly EGP 447m. Additional allocations included EGP 178m for development projects and the upgrading of informal settlements, EGP 149m for women’s empowerment initiatives, EGP 136m for projects supporting PwDs, and EGP 110m dedicated to the education sector.

In a continuation of the banking sector’s role in advancing inclusive development, around EGP 100m was directed toward supporting entrepreneurship and small and medium-sized enterprises (SMEs). The sector also contributed EGP 22m to projects in sports, arts, and culture, and EGP 18m to implement national initiatives.

Moreover, banks sponsored the “Global Congress on Population, Health, and Development” and allocated approximately EGP 153m to various projects spanning multiple service sectors.

The CBE reaffirmed that the banking sector remains committed to supporting underprivileged communities and contributing to social progress. This commitment aligns with national efforts to achieve sustainable development goals and improve the quality of life for citizens across all governorates.

Daily News Egypt
Read More

Latest

empowers

Firstbank empowers women entrepreneurs through maiden spark a gem challenge

0
FirstBank, West Africa’s premier financial institution and the leading financial inclusion service provider, has reinforced its commitment to empowering women-owned businesses with the successful execution of the maiden edition of Spark A Gem Challenge. The initiative, a flagship Women-Preneur Pitch-a-Ton programme under the Bank’s FirstGem proposition, was designed to provide women entrepreneurs with access to
auris

Candida auris: Deadly drug-resistant fungus spreads across 23 US states; symptoms, risks and all you need to know

0
Synopsis Candida auris, a deadly fungus, has spread across twenty-three states in the United States. This invasive yeast causes severe and sometimes fatal infections, particularly in vulnerable patients. The fungus spreads easily in healthcare facilities and is resistant to many disinfectants. Some strains are multidrug-resistant, making treatment extremely challenging for infected individuals. Public health officials
funding'

DYCM secures funding for 1GW module assembly plant in California

0
Latest DYCM’s California module assembly plant is expected to begin commercial shipments of its first heterojunction modules in Q4 2026. Image: Markus Spiske via Unsplash. US module manufacturer DYCM Solar Modules has closed an investment roundto fund the growth of its business and its solar module assembly plant in California, US. The funding was secured
Mobility’s

How GIG Mobility’s Next Titan Partnership Could Benefit Nigerian SMEs

0
GIG Mobility has joined The Next Titan as the official mobility partner for the entrepreneurial reality show’s 11th season. The partnership is designed to support Nigeria’s grassroots business ecosystem by handling transportation for contestants, production crews and event organisers throughout the programme. Filming a nationwide reality show involves moving people between boot camps, events and

Newsletter

Don't miss

empowers

Firstbank empowers women entrepreneurs through maiden spark a gem challenge

0
FirstBank, West Africa’s premier financial institution and the leading financial inclusion service provider, has reinforced its commitment to empowering women-owned businesses with the successful execution of the maiden edition of Spark A Gem Challenge. The initiative, a flagship Women-Preneur Pitch-a-Ton programme under the Bank’s FirstGem proposition, was designed to provide women entrepreneurs with access to
auris

Candida auris: Deadly drug-resistant fungus spreads across 23 US states; symptoms, risks and all you need to know

0
Synopsis Candida auris, a deadly fungus, has spread across twenty-three states in the United States. This invasive yeast causes severe and sometimes fatal infections, particularly in vulnerable patients. The fungus spreads easily in healthcare facilities and is resistant to many disinfectants. Some strains are multidrug-resistant, making treatment extremely challenging for infected individuals. Public health officials
funding'

DYCM secures funding for 1GW module assembly plant in California

0
Latest DYCM’s California module assembly plant is expected to begin commercial shipments of its first heterojunction modules in Q4 2026. Image: Markus Spiske via Unsplash. US module manufacturer DYCM Solar Modules has closed an investment roundto fund the growth of its business and its solar module assembly plant in California, US. The funding was secured
Mobility’s

How GIG Mobility’s Next Titan Partnership Could Benefit Nigerian SMEs

0
GIG Mobility has joined The Next Titan as the official mobility partner for the entrepreneurial reality show’s 11th season. The partnership is designed to support Nigeria’s grassroots business ecosystem by handling transportation for contestants, production crews and event organisers throughout the programme. Filming a nationwide reality show involves moving people between boot camps, events and
Amadeus’

Amadeus delivers a strong H1 2026 despite a challenging operating environment

0
Par Bruno COURTIN Published on 5 Aug 2026 - Updated on 5 Aug 2026 2 min reading time The Group generates revenue from three complementary businesses: providing technology solutions for the airline industry, commissions on GDS sales, and providing end-to-end solutions for the travel and hospitality world. Despite still accounting for a modest share of
newsycanusehttps://newsycanuse.com

Global Business Travel Spending to Hit Record $1.71 Trillion in 2026, While Trips Reach 1.84 Billion, Says GBTA Forecast

In Brief: GBTA’s latest Business Travel Index report shows spending gains driven by higher prices as geopolitical uncertainty and transportation pressures weigh on the outlook Global Business Travel Spending to Hit Record $1.71 Trillion in 2026, While Trips Reach 1.84 Billion, Says GBTA Forecast - Image Credit Unsplash+    Global business travel spending is forecast to
Read more

Boulevard Business Park: Saudi Arabia’s Bold Bet on Mixed-Use Development

Boulevard Business Park Saudi Arabia has marked another milestone in its urban and entertainment transformation with the completion of the Kingdom’s first entertainment-focused business park and corporate resort. This remarkable achievement reflects a new approach to commercial development that thoughtfully blends business, hospitality and leisure within a single destination. More Than an Office Park Located
Read more

How Chaoshan Business Was Built on Morals, Not Contracts

This is the second article in a series on China's southern Chaoshan region, exploring the history, culture, and identities behind its recent resurgence in the spotlight. Read Part 1. In the Chinatowns of early 20th-century Bangkok, Chinese laborers who had just collected their wages would make their way to the qiaopiju, a private institution that
Read more