set to transform agriculture and handicrafts markets into engines of employment
CAIRO, June 17, 2013 –The Egypt Development Marketplace (DM) program
today awarded grants of $800,000 to 35 organizations to contribute to job
creation in the agriculture and handicrafts sector, with a special emphasis
on Upper Egypt. The DM is funded by the World Bank and its private sector
arm, the International Finance Corporation (IFC), and several of its international
and local partners. Along with technical assistance, the World Bank Group
and its partners are investing more than $1.25 million in the program.
The grantees will receive $25,000 each, as well as technical support to
scale up their innovative business model and generate employment.. They
will also be eligible for advisory support in areas ranging from corporate
governance to environmental management from the IFC, and technical support
from Egypt’s most prominent companies, foundations and international organizations.
A number of financial institutions, social entrepreneurs, investors, development
organizations, and government officials also participated in today’s Cairo
“The World Bank Group is committed to promoting an inclusive growth model
and create an enabling environment for rural organizations to thrive and
create jobs in the remote regions and villages of Egypt where poverty is
acute,” said Hartwig Schafer, World Bank Country Director for Egypt,
Yemen and Djibouti.
The DM call for proposals took place from November 2012 to January 2013.
180 proposals from 171 organizations were submitted for funding. Priority
was given to projects in Upper Egypt. In November 2012, outreach events
were held in Assyut, Qena, Aswan, and Minya to generate interest in the
competition and to encourage organizations operating in the targeted locations
In April 2013, two 4-day capacity building workshops for the finalists
were organized in Aswan and Minya, to provide an in-depth, interactive
training on proposal writing, budgeting, social impact monitoring and evaluation,
and communication skills.
Through the Egypt DM initiative, projects with the highest potential for
scale, replication, and financial sustainability have been identified for
support. In addition to grants, the DM provides the opportunity to understand
what works – how and under what conditions – in an effort to surface
and invest in models that are best positioned to create jobs.
“The DM provides a platform that supports high performing social enterprises
and inclusive business models go to scale and increase their capacity to
reach disenfranchised communities with basic and essential goods and services",
said Drew von Glahn, Team Leader of the Development
Marketplace program at the World Bank Institute.
“By working with our many partners, we look to support a broad ecosystem
that can sustain and strengthen the social enterprise sector in Egypt.
This multi-layered and collaborative approach is consistent with
the World Bank Group’s goals to surface and support "what works"
to end poverty and promote shared prosperity,” he added.
The Egypt DM is a collaborative effort supported financially by several
partners, including: the Sawiris Foundation for Social Development, the
Australian Government (AusAID), Department for International Development
(DFID) for the United Kingdom of Great Britain and Northern Ireland, the
International Labor Organization (ILO), Ministry of Foreign Affairs of
Denmark, Ministry of Foreign Affairs of Finland, and the Swiss State Secretariat
for Economic Affairs (SECO) through the IFC the private sector arm of the
“We have long contended that the private sector and civil society can
play a key role in building a socially-inclusive economy in Egypt,”
said Magdi M. Amin, IFC’s Manager for Investment Climate in the MENA
Region, a co-organizer of the DM. “This competition has proven
that the power of entrepreneurship and innovation is there in the Egyptian
people, ready to be tapped to address Egypt’s development challenges.”
The grantees will benefit from strategic guidance and technical support
from several local and international partners including: the African Development
Bank, AlKorra Foundation for Sustainable Development, Ashoka, CARE Egypt,
CISCO, Center for Development Services, Delta Aromatic Company, Etijah,
Fair Trade Egypt, Financial Services Volunteer Corps (FSVC), the Food and
Agriculture Organization (FAO), the Egyptian Network for Integrated Development
(ENID), the International Fund for Agricultural Development (IFAD), the
International Labour Organization (ILO), Innoventures Company, Markaz for
handicrafts, MercyCorps Egypt, Microsoft, the Misr El Kheir Foundation,
Nahdet El Mahrousa NGO, PriceWaterHouseCoopers, the Sawiris Foundation
for Social Development, Sobh for Food Industries and Coldstore, the Social
Contract Center (SCC), the Social Fund for Development, the Pro-poor Horticulture
Value Chains in Upper Egypt (SALASEL), Synergos, USAID and Willow
About The Development Marketplace
The DM is a competitive grants program seeking to support scalable, replicable
social enterprise projects with the potential for significantly improving
lives and access to basic goods and services for underserved poor communities.
Projects that demonstrate appreciable impact in these areas are provided
financial assistance, backed by strong need-based technical assistance
in order that they may scale and/or replicate their efforts. The DM also
seeks to leverage other parts of the WBG and country partners including
Government to scale-up delivery models most effective in reaching the poor.
The DM has since its inception in 1998, awarded more than $60 million in
grants to more than 1200 innovative projects identified through country,
regional and global competitions.