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BBC: Social Minded Business trying to Grow in Egypt

Kirsten Spainhower's picture

Find out more about the social enterprise movement in Egypt. This timely piece from BBC that features some exciting social enterprises ranging from roof-top gardening to paper made from recycled agriculture waste.

Development Marketplace partners, Iman Bibars from Ashoka and Magdi Amin from the International Finance Corporation (a co-sponsor of the upcoming Egypt DM) highlight important barriers blocking the movement's growth and hindering its ability to keep pace with demand for improved goods and services to the poor.

Social minded business trying to grow in Egypt 

Banking on Women in Egypt

Empowering women entrepreneurs is good for development and business. Tune in to World Bank Live on October 11, 2012 10:30 a.m JST. to hear Liberia President Ellen Johnson-Sirleaf and World Bank Group President Jim Kim talk #womenbiz at this year's Annual Meetings.

Research has shown that gender equality makes good business sense, and is key to promoting economic growth. But women continue to be excluded from the economic sphere. This is certainly the case in Egypt, which could use an economic boost in a time of transition—especially as millions of famAccess to finance is changing lives of Egyptian women, and their families for the better. (Credit: World Bank)ilies that rely on the slumping tourism industry are having trouble making ends meet.
Indeed, our research has found that would-be Egyptian women entrepreneurs face many obstacles.  For one, being approved for financing can be a challenge for Egyptian women entrepreneurs. Businesswomen in Egypt are also disadvantaged when it comes to the cost of finance. Banks have stricter collateral requirements for loans to women entrepreneurs, which are perceived as higher-risk. Providing collateral is also an obstacle for many women who are under the guardianship of male relatives and unable to independently manage their assets.

Moving Forward to Recover Arab Stolen Assets

In Arabic

In French

In December 2010, the Arab Spring began with a call for a change, which ended up becoming a reality in Tunisia, Egypt and Libya. The restoration of justice is now a priority focus in all these countries. In the minds of many citizens, justice means the return of funds looted by officials over decades of high-level government corruption.  The tenor of recent news reports shows that throughout the region, the public’s patience for the process is wearing thin.Arab Spring countries are now focused on restoring justice and recovering stolen assets, which can be a long and difficult road to travel. (Credit: Amine Ghrabi, Flickr Creative Commons)

But the reality is that the asset recovery process is a long and often difficult road, one that must be traveled even long after the euphoria of regime change has dimmed. We know that from our engagements with client countries, and from many headline-making cases. For example, according to StAR’s Asset Recovery Watch, although former Philippine President Ferdinand Marcos was deposed in 1986, the attempts to recover his allegedly stolen wealth continue to the present day. Meanwhile, a new case against Nigerian Dictator Sani Abacha, who died in 1998, was launched in Luxembourg just this year.

Quote of the Week: Mohamed ElBaradei

Sina Odugbemi's picture

“Yet we have one undeniable achievement to bolster our confidence: the culture of fear has gone forever.” 

Mohamed ElBaradei, 2005 Nobel Peace Prize Laureate and Director General Emeritus of the International Atomic Energy Agency

Quoted in the Financial Times, February 8, 2012

الريادة المجتمعية فى مصر: التحديات والفرص

Myra Valenzuela's picture

يعد هذا المقال الأول من ضمن سلسلة من المقالات ذات الصلة والتى ستعرض باللغتين العربية والإنجليزية.

 كتابة: مايرا فالينزويلا

تعد معدلات البطالة العالية بالذات لدى الشباب فى منطقة الشرق الأوسط وشمال أفريقيا من أهم الأسباب والدوافع المؤدية لأحداث الربيع العربى وثوراته. وللمساهمة فى حل ذلك التحدى وخلق فرص عمل ينوى مشروع  "سوق التنمية" (Development Marketplace) الإعلان عن مسابقة قومية فى بداية العام القادم. ويقوم برنامج "سوق التنمية" بالبنك الدولى بتقديم الدعم المادى والفنى سواء للمبادرات الجديدة أو المبادرات القائمة والتى تهدف للتوسع وستركز تلك المسابقة على دعم مشروعات الريادية المجتمعية التى تساهم فى خلق فرص عمل بالذات لدى الشباب المهمشومحدود الدخل فى مجال الزراعة والتنمية الريفية فى مصر.

ومن أجل التعرف بشكل أكبر على مجال الريادية المجتمعية  (Social Entrepreneurship) فى مصر، تحدثت مع إيهاب عبده، زميل مؤسسة أشوكا ومستشار سابق لمبادرة شباب الشرق الأوسط بمؤسسة بروكنغز وهو يقوم حاليا بالتحضير لبرنامج "سوق التنمية" فى مصر استعدادا لاطلاقه فى عام 2012. بالنسبة لايهاب توجد ثلاثة تحديات رئيسية تواجه قطاع الريادية المجتمعية فى المنطقة وفى مصر على وجه الخصوص وهى:

Social Entrepreneurship in Egypt: Challenges and Opportunities

Myra Valenzuela's picture

This is the first of many multi-lingual blog post to come. It will appear in both English and Arabic.

Abduallah Abdel Qassim, 47, partner in aluminum shop making window frames (World Bank Photo Collection)High rates of youth unemployment across the Middle East and North Africa were a major catalyst for the Arab Spring revolutions.   To help address this pressing issue, the Development Marketplace is preparing for a country-level competition in Egypt early next year. The proposed DM competition will focus on social entrepreneurs with projects that have a strong impact on creating sustainable job opportunities, especially for low-income and marginalized groups.  The main focus of the Egypt DM will be on supporting projects in the agricultural supply chain sector.

In order to understand the bigger picture of social entrepreneurship in Egypt, I spoke with Ehaab Abdou, who recently joined the Development Marketplace team to develop the Egypt DM program. Prior to coming to the Bank Ehaab was an Ashoka Fellow and advisor for the Middle East Youth Initiative at Brookings.  For Ehaab, there are three main challenges facing social entrepreneurship in the MENA region and in Egypt in particular:

Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

Space for Transparency
Mobilising to Make Aid Transparent

"How much money are donors giving to Liberia, Peru and Sri Lanka?

It sounds like a simple question and one that should have a quick answer – but it does not.

Donors have pledged in international agreements to provide such information by making their aid more open and effective, but most have failed to fulfill these promises. Making aid more transparent allows citizens in countries giving and receiving aid to know what it is funding and where. It is information that is essential for ensuring aid has the most impact. It is critical to make sure aid is not wasted or lost to corruption."  READ MORE

Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

The Guardian
The future of development: Goodbye aid and MDGs, hello global goods and well being

"The future of development. What a title. It's fraught with hostages to fortune, bear traps and day dreams.
I pick 2030 as "the future". Partly because, 15 years after the first set of millennium development goal (MDG) targets I expect poverty (percent and numbers) in Asia to be much lower, and in Africa I expect the decline to be strong too. But partly because it is far enough away to think a bit more freely."

The Arab Spring, History, and Political Economy

James Bond's picture

People in Maghreb and Mashreq countries, long used to being muzzled by their authoritarian regimes, are rising up to make their voices heard. This movement — if one can call it that — started first in Tunisia with the self-immolation of an unemployed street vendor. This desperate act by Mohamed Bouazizi, a poor 26 year-old university graduate without a steady job to support his family, brought out into the open the seething resentment of ordinary Tunisians at the 23 year rule of President Ben Ali.

Weekly Wire: the Global Forum

Kalliope Kokolis's picture

These are some of the views and reports relevant to our readers that caught our attention this week.

Berkman Center for Internet and Society
Harnessing technology for social good

"Last month the Ford Foundation hosted the Wired for Change conference ("Inspiring Technology for Social Good"), and a pack of Berkman Center folks, friends, and family were in New York for the event. Ford has posted full videos of all of the sessions, and more, on the Ford Foundation website and Vimeo and YouTube channels."

Can the Diaspora contribute to the creation of jobs in the Middle East and North Africa?

Sonia Plaza's picture

Recent attention has shifted from analyzing the impact of skilled migration on sending country labor markets to a broader agenda that also considers the channels by which diasporas promotes trade, investment, innovation and technological acquisition. Several developed and developing countries are increasing their ties with their Diasporas to take advantage of these transfers beyond remittances. It will be important to assess what could be the potential of strengthening the linkages with their Diasporas for countries in the Middle East and North Africa. Can these countries tap into their Diasporas as a source and facilitator of innovation, research, technology transfer, trade, investment and skills development?

Nolland and Pack (2007) have analyzed whether Arab-communities in North America and Europe can play a similar role as countries in Asia (China, India, South Korea and Taiwan, China) in revitalizing the Middle East. The authors also indicated that “given the limited extent of manufacturing activity in the Middle East and the lack of equivalents to the Indian Institutes of Technology, it would make difficult to benefit from this option.”

You Say You Want a Revolution...

Hoda Atia Moustafa's picture

As I return from a week-long mission to Lebanon and Jordan, where I took part in a workshop to teach government agencies about MIGA's mission and products and met potential clients to discuss prospective collaboration, I am struck at how much unchartered territory there is for us in this ever-changing and turbulent region. 

During the 18 days of the Egyptian revolution that began on January 25, I was glued to the news media -- and to Facebook, which proved to be a vital source of information quicker than any news agency -- to try to get news of what was happening and ensure that my family and friends back in Egypt stayed safe.

Civil Society Finds its Voice in Tahrir Square

John Garrison's picture

While it may take historians years to understand the historic conditions and political factors which triggered the democratic revolution in Tunisia, Egypt, and other countries in the Middle East, one thing seems to be certain.  The political actor which has gained the most prominence in these political uprisings has been ‘civil society’. This term encompasses the large sector within any given society which sits between governments and the for-profit or private sector.  As such it includes youth movements, workers unions, NGOs, political parties, and faith-based organizations among others.  It is a term still little understood, often derided by authoritarian governments, and rarely heard in the Middle East until now. The term in Arabic is “mojtama'a madani” and has the same broad meaning as in English.  It is said that when Egyptian ex-President Mubarak first heard the term he mockingly quipped, “So what’s wrong with military society?”


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