Education
Beirut Blast
PovertyHow the solidarity of TOBAM and AFG members is helping USJ University and HDF
On September 3rd, 2020, the Strategic Committee of AFG (Association Française de la Gestion Financière), the French Asset Management Association, professional body representing the asset management industry in France (€4,185 billion assets under management) together with Yves Choueifaty, President of TOBAM, issued a call to the members of AFG to help reconstruct the severely damaged premises of Saint Joseph University (USJ) and Hotel Dieu de France Hospital (HDF) caused by the Beirut Port blast that occurred on August 4th, 2020.Four...
Hunger is on the rise, threatening food security for many Lebanese
Lebanon, the small Mediterranean country of 10,452 km², the home of the Phoenicians, and the land that has overcome multiple internal and external wars, finds itself sucked into a tornado and struggling to stay afloat. Today, the once Paris of the Middle East is struggling to survive due to an economic recession, the catastrophic explosion that hit the capital, Beirut, on August 4, 2020 and of course the spread of COVID-19.The current situation is threatening one of the most basic human...
Strategy& Report: The repercussions of the Beirut explosion
On August 4, 2020, at 6:08 pm local time, confusion and chaos hit the city of Beirut. The once vibrant city found itself engulfed in red smoke and rubble. Over 2,500 tonnes of ammonium nitrate had exploded at the Beirut port that resulted in over 200 deaths, 6,000 injuries, 300,000 people rendered homeless and estimates of US$10-15 billion in property damage.Local and international volunteers swarmed the city of Beirut in an effort to assist all the people that were affected...
Why Lebanon is in urgent need of education focused donations
The educational sector in Lebanon has been hit hard. The October 2019 uprising, the ongoing economic crisis, the spread of COVID-19 and the Beirut blast which hit the capital on August 4 have taken a toll on the already struggling educational institutions. As per the Educational Center for Research and Development, during the school year 2019-2020, 52.2% of the students were enrolled in private schools, whereas 32% of the students were enrolled in public schools, 12.5% in government-subsidized “free” private schools...