Egypt’s MOIC launches Hafiz platform to support private sector

The Egyptian Ministry of International Cooperation has announced the Hafiz platform, a comprehensive initiative aimed at providing financial and technical support to the private sector. The platform will offer a range of 75 services, both financial and non-financial, from 20 different development partners to businesses operating in Egypt.

The primary objective of the Hafiz platform is to establish strong connections between development partners, government agencies, and the local business community. By fostering effective communication and collaboration among these entities, the platform seeks to facilitate access to development financing, technical assistance, and consultations for various types of private sector companies.

The platform's services will cater to a wide spectrum of businesses, including large enterprises, small and medium-sized enterprises (SMEs), micro-companies, emerging companies, investment funds, and local financial institutions. Through the Hafiz platform, these entities will be able to leverage financial resources, expertise, and guidance provided by development partners to support their growth and development.

The announcement regarding the launch of the Hafiz platform was made during a conference organized by the Ministry of International Cooperation in the New Administrative Capital on Sunday. Minister of International Cooperation, Rania Al-Mashat, highlighted that the platform's establishment is a direct response to the recommendations put forth during the Egypt Economic Conference held in 2022.