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Taking the Lead in Tackling Corruption in Central America

As a founding member, Ficohsa helped launch the Anti-Corruption and Transparency Initiative for Central America Project (ACT Project), a joint initiative of the Partnership for Central America (PCA) and Transparency International (TI).  The ACT Project encourages companies in El Salvador, Guatemala, and Honduras to use the OECD Due Diligence Guidance for Responsible Business Conduct as a reference framework to strengthen corporate integrity and investment conditions in the region. 

Ficohsa is committed to the PCA Corporate Pledge on the Rule of Law to ensure its business operations in El Salvador, Guatemala, and Honduras do not adversely affect or violate the rights of stakeholders.  The ACT Project strives to support members’ compliance with this Rule of Law Pledge; encourage companies to adopt, implement, and monitor transparent and legal business practices; and foster a vibrant and expanding network of corporate integrity in the region.

Ficohsa Joins USAID Initiative to Provide Youth Job Opportunities     

Working in partnership with public and private sector stakeholders, the USAID’s Creando Mi Futuro Aquí (Creating My Future Here) initiative launched in September 2021 with the goal of preparing 500,000 youth to contribute socially and economically to Honduras.  Pledging its support for the initiative, Ficohsa will provide hundreds of young Hondurans with access to tailored training.

Executive Vice President of Ficohsa, Luis Atala, said, “This is the culmination of much hard work with USAID over the years.  We are committed to continue contributing significantly to the development of Honduran youths, promoting a promising future for everyone by building sustainable communities where we encourage people to go further.”

Ficohsa Foundation Celebrates 10 Years of Hondufuturo and Supporting Study Abroad

In August, Hondufuturo presented annual scholarships to 29 students selected to study abroad for postgraduate qualifications.  By expanding further educational opportunities for students with high academic and professional potential, Hondufuturo aims to bring back to Honduras the best knowledge from the best universities in the world that will contribute to the development of the country.

This year, Hondufuturo made awards totaling L.20 million – over US$ 800,000 – to  students who, between them, will pursue nine different postgraduate studies in universities in 10 countries.

The Ficohsa Foundation is among a number of companies that contribute to the scholarship fund.  Others include BAC Credomatic Honduras, Banco Davivienda, Ficohsa Fundación, Cementos del Norte, Cementos Argos Corporación Dinant, CBC, Fundación Televicentro, Jaremar Group and Nasser Foundation.

In the 10 years since its inception, Hondufuturo has awarded scholarships totaling around L.150 million – over US$ 6 million – helping 221 students to pursue their postgraduate studies abroad in 12 subject areas in 24 countries around the world. 

President of Ficohsa and President of HonduFuturo, Camilo Atala said, “We know that these young people are valuable, brave, passionate men and women determined to proudly carry the essence of our nation to distant lands and committed to keeping the name of Honduras high.  They will learn from the best, discover new passions, cultivate their skills and possibly find talents they did not know they had, so that they can then bring back to Honduras the best knowledge from the best universities in the world, contributing to the development of our country.”

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