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Contact, WESEP Announce Financial Inclusion Partnership in Egypt

by Madaline Dunn
written by Madaline Dunn

Contact Financial Holding has announced a partnership with the Women’s Economic and Social Empowerment Program (WESEP). The financial inclusion project, funded by the United States Agency for International Development (USAID) and implemented by Pathfinder International, is aimed at enhancing the economic and social empowerment of low-income women across Egypt. 

According to its organisers, WESEP seeks to engage, benefit, and collaborate with the private sector and civil society initiatives to encourage women’s participation as an active workforce in society.

Speaking about the partnership, Said Zater, CEO of Contact Financial Holding, said: “This partnership reflects our dedication to empowering women and promoting financial inclusion. By providing tailored financial services and increasing financial awareness, we aim to support women’s economic participation and achieve sustainable growth.”

The project reportedly aims to stimulate demand for financial services, enhance market-based solutions tailored specifically for women’s economic empowerment, and strengthen efforts to combat and respond to violence against women.

Interventions are designed to support women in the target governorates of Assiut, Beheira, Cairo, Giza, Minya, Qena, and Sohag, ensuring they feel safe, valued, and empowered at work.

Dina Kafafi, Chief of Party, Women’s Economic and Social Empowerment Program (WESEP), commented: “This partnership is a significant step towards enhancing women’s economic empowerment in Egypt. We are excited to see the positive impact it will have on the lives of the beneficiary women and look forward to working with Contact to achieve the program’s goals.”

The program, expected to continue until February 2027, works with market partners to develop, lead, scale, sustain, and advocate for innovative solutions and consider the economic and social benefits of gender-inclusive policies and practices, it was shared.

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DANAT Signs UN Women’s Empowerment Principles

by Madaline Dunn
written by Madaline Dunn

The Bahrain Institute for Pearls and Gemstones (DANAT) has announced that it has officially become a signatory of the UN Women’s Empowerment Principles (WEPs). 

The seven WEPs principles advocate for:

  • High-level corporate leadership on gender equality,
  • Fair treatment of all employees without discrimination, 
  • Enhancement of employee health, well-being, and safety, 
  • Provision of education and training for career advancement, 
  • Responsible project and supply chain development, 
  • Community engagement and advocacy, and 
  • Robust measurement and reporting.

Commenting on the announcement of the Institute joining the UN Women’s Empowerment Principles (WEPs), Noora Jamsheer, CEO of DANAT Institute, said: “Becoming a signatory of WEPS was a natural step for DANAT. The principles align with our long-standing values thanks to Bahrain’s steadfast commitment to women empowerment through initiatives led by the Supreme Council for Women.”

The CEO of DANAT highlighted the Institute’s assurance of equitable salary and equal opportunities for learning, development, and leadership roles.

Women constitute a majority of the total workforce and hold a “significant percentage” of leadership positions, the Institute said.

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H.E. Dr. Amna Al Dahak highlights importance of women empowerment in global sustainability and climate action

by Madaline Dunn
written by Madaline Dunn

On International Women’s Day, Her Excellency Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment, spoke on the pivotal role women play in driving forward global climate action.

Her Excellency said: “Women, representing half of society, possess an enduring spirit of giving–for their families, communities, and nations. Through their actions, we are creating and empowering future generations capable of advancing human, social, and economic development globally. By tapping further into women’s skills in issues such as climate change, they can act as centers of creativity, bolstering the world’s capacity to address and adapt to these challenges. This is in addition to their vital role in steering communities towards a sustainable tomorrow, both as decision-makers and leaders in their workplaces and homes.”

Her Excellency remarked: “Under its wise leadership, the UAE champions a distinctive vision for empowering women in all areas by opening doors for their learning, work, and growth. This has translated into the country’s prosperity across various domains, notably in environmental and climate action. The UAE boasts a cadre of female leaders and specialists who have demonstrated exceptional effectiveness in bolstering the nation’s climate work, particularly showcased during the COP28 conference hosted last year. Moreover, the UAE plays a vital role in supporting women’s contributions to climate and environmental initiatives, as well as enhancing food security globally through collaborative programs with relevant international organizations.”

Her Excellency also highlighted the work of Her Highness Sheikha Fatima bint Mubarak, President of the General Women’s Union, President of the Supreme Council for Motherhood and Childhood, and Supreme Chairwoman of the Family Development Foundation and Mother of the Nation, for her efforts in empowering women, particularly in the field of climate action highlighted recently through the Climate Change and Gender Equality Initiative launched under her patronage last year.

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