Politics
Egypt launches economic empowerment program for Takaful wa Karama beneficiaries
October 24, 2026 at 06:55 AM
Coverage
2 reports · over 4 hours
Egypt's Social Solidarity Ministry has launched an economic empowerment program offering micro-financing of up to 30,000 Egyptian pounds to Takaful wa Karama beneficiaries.
- Nasser Social Bank introduced the "Enltaqa toward Economic Empowerment" product, providing loans of up to 30,000 pounds to Takaful wa Karama beneficiaries through the Tamkeen platform.
- Minister Maya Morsi said financing ranges from 5,000 to 30,000 pounds for micro-projects, backing the ministry's shift from support to empowerment.
- The ministry approved 1,828 foreign grants worth nearly 13 billion pounds from 610 donors, benefiting 515 civil associations in fiscal year 2025-2026.
- Morsi said the Egyptian Red Crescent now counts 75,000 volunteers, up from 35,000 two years ago, serving 10 million people.

