CAIRO, 23 August 2022: Following the launch of the Safe Shores initiative for fishermen and the Silky Hands initiative for carpet makers, the ministry of social solidarity launched the Your Road is Safe initiative for delivery workers on Tuesday, as part of the government’s effort to expand the social safety network among irregular workers.
The project intends to offer them with social insurance, health insurance, and credit if they desire to start their own businesses. In addition, bicycles, motorcycles, and helmets will be delivered in the first phase, which will take place in Alexandria and Cairo. There will also be talks on safe riding.
The cash made available to delivery personnel to support micro and small enterprises amounts to LE2. 8 billion, with 360,000 organisations expected to be financed.
Such loans will have interest rates ranging from 5% to 9%.
They will be able to choose the length of their membership, the amount they will pay, whether they will pay monthly, quarterly, or yearly, and their retirement age, which might be 55, 60, or 65. The insurance covers more than just pensions; it also covers injuries and death.
This sort of insurance, known as Your Pension in Your Hand, is already available to rural workers in 20 governorates.
According to statistics from March, Minister Nevine al-Qabaj stated that the MENA region’s delivery business produced $9 billion in annual revenue. Food delivery alone is worth $2. 5 billion, thus the sector grew by 2.5% last year.
According to the minister in Egypt, six million young men and women work in the delivery business.
According to Qabaj, the number of irregular employees in Egypt is reaching 11.
8 million people work in agriculture, construction, and transportation, including delivery boys.
Egypt has announced the ‘Your Road is Safe’ programme, which is aimed towards delivery workers.
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