Mubarak-era singer launches campaign to raise LE1 trln for Egypt’s economy
Veteran Egyptian singer Mohamed Tharwat announced on Friday the launch of a campaign to collect “a trillion pounds” to support the economy.
In an interview on the state’s official satellite channel, Tharwat said that Egypt is facing chronic issues that need a solution — such as villages without proper clean water and sewage systems, education that needs reform, a healthcare system that needs development and an increasing number of citizens falling below the poverty line.
Donations to the campaign would help pay the national debt and spare the country from paying interest, Tharwat claimed.
“It will help build new projects, raise Egypt’s credit rating and allow Egypt to make its own decisions without having its arm twisted [by creditors],” he asserted.
“A board of trustees will be assigned to supervise the transparency of distributing donations to the urgent projects the country needs,” Tharwat further explained.
The highlights of Tharwat’s singing career include performing in state and army celebrations of national events during the 1980s. He stepped out of the limelight over the past few years due to what he called incompatibility between the type of art he performs and what’s common in the performing arts scene.
His most famous performance was in an operetta composed in 1989 to celebrate the anniversary of the October War. “Ikhtarnak” (“We Chose You”) serenaded former President Hosni Mubarak, who was present at the performance, by reciting the qualities that made him the people’s choice as Egypt’s leader.
Islamic preacher Mohamed Hassan had started a similar donations campaign in early 2012 to replace the American aid program during the rule of the Supreme Council of Armed Forces.
Hassan called on people to donate to the “pride” account to support the Egyptian economy. Days after the launch of the campaign, a source at the Central Bank of Egypt told the privately owned newspaper Al-Masry Al-Youm that the account received over LE60 million in donations.
An online campaign called, “Where did you hide the money, Hassan?” was started shortly thereafter to demand that information regarding the funds be released to the public. To this moment, it is still unclear how the collected money was spent.
أخبار ذات صلة
Iran war threatens fragile Egyptian economy, again
While people in Iran shelter from United States and Israeli strikes across the country, and Gulf nations absorb the shock of retaliatory…
Hot money inflows boost Egyptian pound against the dollar
The Egyptian pound has appreciated against the United States dollar over recent days, reaching its highest exchange value since the beginning of…
Market sources: Egyptian pound fluctuates after foreign investors pull at least $2 bn from Egypt’s debt market
Amid global market turbulence caused by United States President Donald Trump’s new tariff regime, foreign investors withdrew between US$2 billion and $2.25…
First ever transfer fees announced by state-owned Instapay
Transfers made through the app will incur a 0.1 percent fee, with a maximum cap of LE20 in fees per
Your support is the only way to ensure independent, progressive journalism survives.
You have a right to access accurate information, be stimulated by innovative and nuanced reporting, and be moved by compelling storytelling. Subscribe now to become part of the growing community of members who help us maintain our editorial independence.
Join us