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Egypt’s famous actor Yasser Galal donates EGP 3 m to Tahya Misr Fund
Egypt’s renowned actor Yasser Galal donated EGP 3 million to Tahya Misr Fund which supports development in various sectors and social protection programs.
Galal said “this is the first time in my life to announce the amount of money and the body to which I donated in order to spread awareness about the importance of donating to the Tahya Misr Fund.”
Galal added that his announcement was meant to encourage his friends to follow suit, noting that several stars have donated to the fund.
The Fund’s contributions to various sectors across the nation, since its establishment to date, have exceeded EGP 22 billion. This includes contributions to the field of urban development and alternative housing by about EGP 7 billion, and healthcare by about EGP 11.5 billion, such as medical procedures associated with the Coronavirus pandemic and various health initiatives and medical devices in hospitals.
Contributions also included other fields such as social protection initiatives by about EGP 1.3 billion, economic empowerment and job creation by about EGP 400 million, education by about EGP 531 million, programs to support the talented by about EGP 200 million, and the investment sector by about EGP 400 million, in addition to the Fund’s contributions in the case of emergencies and natural disasters by EGP one billion.
Establishment of Tahya Misr Fund:
On July 1, 2014, Egypt’s Presidency announced the launch of “Tahya Misr” Fund to activate the previously-announced initiative by the President to establish a fund in support of the economy.
The Presidency issued a statement saying: “This step comes in recognition of the critical time the country is going through and the hard economic and social conditions that moved their positive feelings towards their homeland.
These conditions have also revealed the national determination and the true will of the great Egyptian people to shape a promising future that reflects Egypt’s rich heritage and its people’s sacrifices.”
“Believing in the necessity of utilizing our full capacities and potentials, a major tool for nation-building in the light of the challenges faced at all levels, particularly the economic one, the Central Bank of Egypt (CBE) opened the door to donations from Egyptians all over the world in all Egyptian banks on account number 037037. The Fund is to be under the direct supervision of the President of the Arab Republic Egypt.”
The fund’s objectives are achieving sustained and comprehensive economic growth and alleviating poverty; meeting the needs of the most financially-disadvantaged; establishing partnerships between local, regional and international sectors, a preliminary step for sustainable development; and encouraging the private sector participation along with the government agencies concerned in the development process.
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