Latest news with #SANAD
Zawya
15 hours ago
- Business
- Zawya
$20mln agreement reinforces Beltone Leasing and Factoring's role in driving sustainable finance in the region
Cairo – Beltone Leasing and Factoring, a wholly owned subsidiary of Beltone Holding, has secured USD 20 million in funding from two leading impact investment funds managed by Germany-based Finance in Motion GmbH: the SANAD Fund for MSME and the Green for Growth Fund (GGF). The funding is equally divided, with USD 10 million from each fund, with a repayment tenor of five years. SANAD's contribution will support financial inclusion for micro, small, and medium enterprises (MSMEs) and low-income households across the Middle East and North Africa (MENA). GGF's portion will be dedicated to financing renewable energy, energy efficiency, and sustainable resource use initiatives in MENA and neighboring regions. This transaction marks a key milestone in Beltone Leasing and Factoring's strategy to deliver innovative non-bank financial solutions that promote economic empowerment and environmental sustainability, aligned with Egypt's Vision 2030. It also reflects Beltone's commitment to advancing sustainability across all its operations. Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, said: 'Securing foreign currency funding from institutions like SANAD and GGF enhances our ability to diversify our capital base and offer more competitive financing solutions. This funding will enable us to strengthen our support for MSMEs while accelerating green projects that contribute to a more sustainable and resilient future.' Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets, said: 'This funding reflects our strong collaboration with Finance in Motion and our commitment to channeling strategic capital to grow Beltone Leasing and Factoring. It also highlights our focus on ESG-driven financing, in line with the broader Beltone's mission to support sustainable and impactful growth.' Both funds are managed by Finance in Motion GmbH, a globally recognized impact asset manager focused on advancing sustainable development in emerging and developing economies, in collaboration with development finance institutions, private investors, and governments. About Beltone Leasing and Factoring: Beltone Leasing and Factoring, a subsidiary of Beltone Holding, specializes in providing leasing and factoring solutions and services. The company holds a leading position in the Egyptian leasing and factoring market, owing to its strong contribution to delivering innovative financial solutions to small and medium-sized enterprises as well as large companies across strategic sectors. These sectors include real estate development, logistics support services, transportation, healthcare, education, pharmaceuticals, food and beverages, printing and packaging, chemicals, and oil. About Beltone Holding: Beltone Holding (Egyptian Stock Exchange Code: is a leading provider of financial services with a distinguished track record spanning decades in the Middle East and North Africa. The Company offers a comprehensive and expanding range of financial solutions and services, including securities brokerage, underwriting and advisory services, asset management, research, and direct investment, as well as non-banking financial services such as leasing, factoring, consumer finance, venture capital, microfinance, real estate finance, and small and medium-sized enterprise (SME) financing. The company has an ambitious vision to revolutionize the financial sector in the region, leveraging the global expertise and knowledge of its team to provide innovative, value-added solutions, create additional opportunities for its clients, enhance market value, and achieve impactful results. For more information, please visit the company's website: Investor Relations: ir@ About SANAD The SANAD Fund for MSME finances micro, small, and medium enterprises and low-income households in the Middle East and North Africa and selected countries in sub-Saharan Africa via qualified local lenders. SANAD thereby fosters economic development and job creation – including youth employment – agriculture, affordable housing, and innovations in finance and financial technologies. SANAD strives to meet these goals by providing debt and equity financing to its local partners. The SANAD Technical Assistance Facility multiplies the fund's development impact and outreach through capacity-building with partner institutions, developing financial infrastructures according to the principles of responsible finance and conducting much required R&D. An impact investment fund advised by Finance in Motion, SANAD's investors include the KfW Development Bank, which initiated the fund; the German Federal Ministry for Economic Cooperation and Development (BMZ); the European Union; Switzerland's State Secretariat for Economic Affairs (SECO); OeEB, the Development Bank of Austria; Germany's GLS Bank and GLS Treuhand; the Dutch development bank FMO; and Calvert Impact Capital. For more information on the SANAD Fund for MSME, please visit: About the GGF The Green for Growth Fund promotes energy efficiency and renewable energy in Southeast Europe, the Caucasus, the Middle East, and North Africa. By providing refinancing to local financial institutions, GGF helps businesses and households access sustainable energy solutions, fostering energy efficiency and reducing carbon emissions. GGF was initiated as a public-private partnership by the European Investment Bank and Germany's KfW Development Bank, with financial support from the European Union, BMZ, and other international investors. Finance in Motion GmbH, Germany, serves as GGF's advisor. About Finance in Motion Finance in Motion is a global impact asset manager focused exclusively on sustainable development in emerging markets and developing economies. The company structures, manages, and advises impact investment funds that bring together public and private investors to address climate change, strengthen biodiversity conservation, foster the sustainable use of natural resources, improve livelihoods, and promote economic opportunities. For more information, please visit us at: Media contact Nusha Westhoff Marketing & Communications Email: press@
Saba Yemen
25-05-2025
- Health
- Saba Yemen
Palestinian child dies of malnutrition
Gaza – Saba: A Palestinian child died of malnutrition caused by the ongoing Israeli siege of the Gaza Strip. The Palestinian News Agency (SANAD) reported that Mustafa Muhammad Yassin died at the Baptist Hospital in Gaza after suffering from malnutrition. Whatsapp Telegram Email Print more of (International)
Al Jazeera
31-03-2025
- Politics
- Al Jazeera
Mapping how Israel's land grabs are reshaping the occupied West Bank
While global attention remains fixed on Israel's war on Gaza, Israel is rapidly redrawing the map of the occupied West Bank. On January 21, just two days after a ceasefire took effect in Gaza, the Israeli military intensified its assault across the occupied West Bank, particularly in the northern regions. Israeli bulldozers have razed entire residential areas, forcibly expelling at least 40,000 people from their homes. For the first time since the second Intifada, Israeli forces have reintroduced tank incursions and air attacks into the West Bank, part of a systematic Israeli strategy to change the geography of the West Bank, paving the way for full annexation. This report, produced by Al Jazeera's fact-checking agency, SANAD, draws on United Nations data, satellite imagery, and maps to reveal how this is happening. The West Bank, called al-Daffah in Arabic, is west of the Jordan River, from which it gets its name. Together with occupied East Jerusalem, it covers an area of 5,655sq km (2,183sq miles), making it about 15 times larger than Gaza or roughly the same size as the US state of Delaware. Since 1967, Israel has militarily occupied the West Bank, subjecting Palestinians to checkpoints, arbitrary arrests, home demolitions, land seizures, settlement expansion and frequent raids, severely restricting every aspect of their lives. The West Bank is home to approximately 3.3 million Palestinians. It is divided into 11 governorates, with Hebron, or al-Khalil in Arabic, being the most populous at about 842,000 residents. Jerusalem follows with 500,000, Nablus with 440,000, Ramallah and el-Bireh with 377,000 and Jenin with 360,000. About 700,000 Israelis live in illegal settlements on Palestinian land. Deadly attacks on Palestinians in the occupied West Bank have persisted for years. Since systematic documentation began in 2008, UN data shows that at least 1,896 Palestinians have been killed by Israeli forces and settlers. By October 6, 2023 – just hours before the Al-Aqsa Flood operation – the death toll for 2023 had already risen to 198, surpassing 2022's total of 154 and making it the deadliest year on record at the time. Since October 7, 2023, the number of attacks has skyrocketed. Over the past 17 months, more than 900 Palestinians have been killed in the occupied West Bank. More than half of them were from Jenin and Tulkarem. Amnesty International described this violence as 'brutal', citing unlawful killings, the disproportionate use of deadly force, and the deliberate denial of medical care to the wounded – all unfolding as global attention remains fixated on Gaza. Israel's continuing military incursion, which it calls 'Operation Iron Wall', has primarily targeted the northern governorates of Jenin and Tulkarem. These governorates have fewer Israeli settlements than the rest of the West Bank and have long been centres of Palestinian resistance, a factor that has historically hindered their annexation. In response, Israel has carried out systematic raids and large-scale demolitions in these regions, aiming to suppress resistance and establish full control – part of a broader strategy to tighten its hold on the entire West Bank. The refugee camps in particular have been heavily targeted. Since October 2023, the Tulkarem refugee camp, the second-largest in the West Bank, witnessed the destruction of 205 structures, including homes, commercial buildings, and agricultural infrastructure, followed by 174 structures in Nur Shams camp and 144 in Jenin camp. The peak in Jenin occurred in August 2024, when 37 structures were demolished in a single month. According to Peace Now, an Israeli nongovernmental organisation (NGO), in 2024 a record-breaking 48 new settlement outposts were established in the West Bank. Even before the war, settlement expansion was accelerating. In 2023, 31 new outposts were set up, with 21 appearing in just six months between February and July – well before October 7. Settler attacks have become a daily occurrence in the West Bank, especially in rural areas near settlement outposts. Settlers have blocked roads to Palestinian communities, hindering access to essential services and livelihoods. In some instances, they have destroyed water sources, cutting off vital resources for Palestinian herding communities. Testimonies from the southern West Bank village of Khirbet Zanuta describe homes and water sources being destroyed, forcing residents to flee. In Nablus, eight families (51 people) were forcibly displaced at gunpoint. A report by the Israeli human rights organisation Yesh Din, which analysed 1,664 police investigations into settler violence against Palestinians between 2005 and September 2023, found that: The study highlighted a deep mistrust of Israeli law enforcement among Palestinians, with 58 percent of Palestinian victims in 2023 choosing not to report crimes to the police. B'Tselem, another Israeli human rights group, has described settler violence as 'Israel's unofficial tool' for expelling Palestinians, with the lack of accountability contributing to a culture of impunity. A June 2024 report by HaMoked, an Israeli human rights organisation, showed that Israel has rapidly intensified its control over the West Bank since October 2023, moving towards full annexation. This effort is led by Finance Minister Bezalel Smotrich, who was recently given a newly created minister position in the Ministry of Defence, granting him extensive powers over civilian affairs in the West Bank. Smotrich, a settler who lives on Palestinian land outside the illegal settlement of Kedumin, also heads the Settlement Administration, a division within the Israeli Ministry of Defense, responsible for overseeing the establishment and expansion of Israeli settlements. In 2024, 24,700 dunams (6,100 acres or 2,470 hectares) were classified as 'state land' by Israeli authorities, surpassing the 23,000 dunams annexed between 2000 and 2023. Additionally, 68 illegal settlement outposts were recognised by Israel and provided with infrastructure, deepening Israeli control. Smotrich's transfer of planning and demolition powers has accelerated the forced displacement of Palestinians. His administration works with settlers to seize land, demolish Palestinian homes, and recognise illegal outposts, further entrenching settlement control. An analysis of satellite images from March 12 over Tulkarem and Jenin reveals widespread destruction and bulldozing by the Israeli military: Since October 7, 2023, the bulldozing of at least 523 buildings, which housed numerous families, has forced nearly 3,000 people from their homes, including: According to the United Nations Relief and Works Agency (UNRWA), displacement has doubled in recent months, with the latest military operation triggering the largest wave of Palestinian displacement in the West Bank since 1967, with more than 40,000 people being forced to flee their homes. These figures point to a strategy of dismantling Palestinian communities, as their presence in the West Bank poses a demographic challenge to Israel. New images and reports highlight the scale of devastation in Jenin, Tulkarem and Nur Shams – entire neighbourhoods reduced to rubble, thousands forced to flee and the fabric of Palestinian society under systematic assault. A unique pattern was identified in Jenin, which was not observed in Tulkarem and its camp. The Israeli military has constructed 14 earthen barriers surrounding the camp, with military vehicles positioned near some of these barriers. In addition, since October 2023, the Israeli military has imposed severe movement restrictions on Palestinians, with 793 checkpoints by November 2024, 60 percent of which are in Hebron, Nablus, and Ramallah – hindering medical access, disrupting trade and isolating communities. Despite rapid settlement expansion, Israel faces a key demographic challenge, as the birthrate among the Palestinians in the West Bank, Gaza Strip and Israel remains higher than among Israelis living in Israel and the occupied West Bank, although population numbers are roughly equal now. To counter this, Israeli policy increasingly focuses on reducing the Palestinian presence in strategically sensitive areas, framing displacement as both a security necessity and a 'humanitarian' solution. This strategy is evident in statements by Israeli officials. In March 2025, Defense Minister Israel Yoav Katz defended illegal settlements in the occupied West Bank as 'essential for protecting Israeli cities', while media figures like Gideon Dokov called the forced removal of Palestinians from all of Palestine 'the only humanitarian solution', labelling Palestinians as 'a murderous nation'. The 'Fighting for Life' campaign echoed this message with the slogan 'No Future in Palestine', encouraging what they euphemistically called 'voluntary emigration'. Meanwhile, Meir Masri, professor of geopolitics at the Hebrew University of Jerusalem, said on social media platform X that the annexation of the West Bank is 'the greatest Zionist achievement since 1967', calling it a historic opportunity that must not be missed. In contrast, a policy paper for 2025–2026, published by the Israeli Institute for National Security Studies (INSS) warned that unilateral annexation would deepen Israel's global isolation, push it towards a one-state reality where Jews risk becoming a minority, and contradict core Zionist ideology.
