The Outer

Connecting Egypt’s Private Sector and Development Assistance with “Hafiz”

By Ingy Ashraf

With the debut of Hafiz, a pioneering platform connecting corporations to a variety of financial and technical help from international development partners, Egypt’s private sector has entered a new era of potential.

What exactly is Hafiz?
For the first time, firms of all sizes and sectors have an easy-to-use to discover and engage with the vast variety of resources available through global collaborations. Gone are the days of information gaps and time-consuming searches.

Hafiz simplifies the process by providing: A comprehensive listing: Discover 75 constantly updated financial and non-financial services from 20 development partners. Customized solutions: From development financing and direct investment to technical help and capacity building, find the best fit for your needs. Tender tracker: Keep up to date on the most recent chances to cooperate with development partners and secure funding. AI-powered assistance: Hafiz’s intelligent chatbot provides immediate responses and guidance, boosting your user experience. Success stories: Take a cue from real-world examples of successful collaborations between development partners and Egyptian enterprises.

Why Hafiz was created?
Recognizing the vital role of the private sector in driving economic growth, the Egyptian government is dedicated to fostering its development. The 2022 Egypt Economic Conference emphasized the critical importance of enhanced communication and collaboration between businesses and development partners to achieve this objective.

Bridging the knowledge gap: Eliminating confusion and doubt about available resources is how Hafiz meets this need. Simplifying access: Using Hafiz’s user-friendly interface, you may easily find the right chances. Improving transparency: Increase trust and confidence in the services of development partners. Fueling growth: Make crucial resources available for business expansion and success.

Hafiz represents a transformative opportunity for Egypt’s private sector. Already, $10.3 billion in development financing has been directed towards businesses between 2020 and 2023. With Hafiz empowering every company to access these resources, the potential for growth and progress is truly exponential.

Hafiz is a turning point for Egypt’s private sector, Enhance Investment: Hafiz will attract more finance and fuel growth by linking businesses with foreign partners and investors. Job Creation: As businesses grow, new job opportunities will develop in a variety of industries, strengthening the economy and livelihoods. Enhanced Competitiveness: Hafiz provides Egyptian businesses with the tools and resources they need to compete effectively in the global market, hence increasing innovation and productivity. Sustainable Development: By encouraging collaboration among enterprises and development partners, Hafiz will help to discover answers to economic, social, and environmental concerns, opening the path for a more sustainable future.

Hafiz is a great transformation tool. It is more than just a platform; it is a symbol of Egypt’s dedication to a thriving private sector, supported by international collaborations and aided by readily available resources.
Visit Hafiz today to find your way to success!

https://privatesector.moic.gov.eg

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