All posts by Hanan Baky

About Hanan Baky

Having traveled as far as the Far East as a development professional, Hanan has finally found her home working for the orphans and widows of her homeland. She joined Coptic Orphans in 2006 since Egypt is at the core of her creative energies. Hanan has designed a number of innovative programs with a holistic approach to human development. She’s now communicating for a worthy cause.

Widows and Egypt’s Changing Marketplace

Selling_Produce_in_Egyptian_Souk

Inflation and insecurity have driven Egypt’s markets to become more local, and more focused on the basics. The result has been hard-hitting for Egypt’s widowed households, who already struggle for life’s necessities. But the new, more informal local economies has also opened up new market opportunities for household businesses who could not compete with larger, more regional retailers before the current crises.

The government has already begun easing Egypt’s heavy food and fuel subsidies. While so far only fuel has been first, the cost of food has also already gone up. Egyptians are beginning to hoard rice and other staples as a hedge against the future. The Egyptian pound has fallen to its lowest value in eight years, and imports on grains and other necessities are increasing.

The soaring cost of transportation is putting local economies at an advantage by making it more difficult to ship goods across larger areas. Meanwhile, the lack of police presence in many Egypt neighborhoods and villages, and rising crime rates, are also shifting the economic advantage to neighborhood-based businesses. Local residents throughout the country have responded by blockading roads and forming neighborhood watches, making it even more difficult to bring goods to market from outside local areas. Continue reading