EFG-Hermes looks forward following completion of Sailing the Nile
- Egypt: Saturday, December 08 - 2007 at 15:56
- PRESS RELEASE
Following its successful involvement in the Sailing the Nile Program, leading regional investment bank EFG-Hermes, and the EFG-Hermes Foundation, are looking to build upon the messages developed during the initiative.
Through the Sailing the Nile initiative - a collaboration between the United Nations Development Program, the National Council for Childhood and Motherhood and the Youth Association for Population and Development - eight feluccas, each representing one of the MDG's, sailed from Aswan to Cairo over 45 days beginning October 17, stopping at Aswan, Luxor, Qena, Souhag, Assiut, Minya, Beni Suef and Cairo.
During the stops, workshops, seminars and events were held to build understanding of the MDGs, which are to eradicate extreme poverty and hunger; achieve universal primary education; promote gender equality and empower women; reduce child mortality; improve maternal health; combat HIV/Malaria and other diseases; ensure environmental sustainability; and develop a global partnership for development.
"Understanding the importance of achieving the goals is only part of the process," says EFG-Hermes Foundation CEO Hanaa Helmy. "What we hope is that citizens will now become involved in activities that promote the principles behind the MDGs, and in so doing encourage others to follow suit."
She added, "the MDGs emphasize the basic rights of each of us and by traveling through the governorates of Egypt, Sailing the Nile ensures that the message of the MDGs reaches citizens of all ages and standards of living.
The EFG-Hermes Foundation, which was established in 2006, features as one of its main priorities the reduction of poverty throughout Egypt - a key element of the MDGs.
"The Foundation, since its inception, has provided funding to more than 10 projects, all of which aim to reduce poverty through various means," adds Helmy. "These projects work hand-in-hand with the MDGs - it is projects such as these that will continue to benefit the general population."
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The EFG-Hermes Foundation is an independent, non-profit, non-governmental organization established in 2006. EFG-Hermes' mission is to assist people and institutions, through the Foundation, in overcoming the financial, educational and health-related challenges facing the region. The aim of the Foundation is to support innovative and sustainable programs that increase the opportunities for those most in need to make a positive change in our local communities. Since the establishment of the Foundation, it has played a significant role in the development of the society, working with reputable institutions and NGOs on numerous projects such as the following projects:
Unite for Children, Keeping Children out of the Streets Initiative: The EFG-Hermes Foundation and UNICEF entered into a partnership in September 2006 to support the protection of street children in Egypt. The project aims at helping prevent children from living in the street and protecting children who are actually living in the street.
Egyptian Paralympics Committee: The project aims at supporting the Egyptian Paralympics Committee, the only entity responsible for managing all national and international activities related to handicapped athletes and those with special needs.
Youth Sustainability and Viability Fund: The Youth Sustainability and Viability Fund provides the necessary financial and technical support to existing and emerging youth NGOs, with the ultimate aim of empowering Egyptian youth to well-represent themselves and address their problems and those of their communities
The Paper and Graphics Center: The project involves establishing a paper re-cycling unit, training community members including members with special needs on the art of paper-making, establish a Design and Graphics Unit, along with developing a web site that can be accessed by creative artists everywhere, to share their ideas and activities.
The Habitat Project: The Nazlet Hussein Housing Project aims at improving the quality of life for individuals living in one of the communities of Minia Governorate. This will be accomplished through providing 1000 healthy safe houses, either by building new ones or by reconstructing existing ones, using locally-available building materials. Training will also be provided for the home owners as to how to build their own homes.
The Water and Latrine Facilities Project: The project aims at improving the health of the families living in Minia Governorate, by installing water taps and latrines in 3,000 houses. The project also aims to provide gender equality between the men and women living in these houses.
About EFG-Hermes
Established in 1984, EFG-Hermes is the leading full-service investment bank in the Arab world. The firm specializes in Investment Banking, Asset Management, Private Equity, Brokerage and Research. With listings on both the London and Cairo stock exchanges, EFG-Hermes currently boasts a market capitalization in excess of US$ 4.1 billion.
Through its offices in Egypt, the UAE, KSA and with around 700 people from 18 Nationalities, EFG-Hermes serves a diverse client base from the Middle East and North Africa to Europe and the United States. Clients include governments, corporations, financial institutions, high net worth individuals and retail customers.
As part of its commitment to the communities in which it operates the Firm launched the EFG-Hermes Foundation in 2006. This social responsibility programme aims to assist individuals and institutions in overcoming financial, educational and health related challenges.
For more information on EFG-Hermes please contact:
Rasha Kashkoush
Hill and Knowlton
Tel: +971 4 3344930
Mobile: +971 (0) 50 4506533
Amr Gamal
Hill and Knowlton Egypt
Tel: +202 27365571
Mobile: +2 012 3982055
Yasmine El Assy
Public Relations Executive
EFG-Hermes
Telephone: +20-2 3383626
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Posted by Medilyn Manibo, Assistant News Editor



