Empowering SMEs through Partnerships
In a landmark step to strengthen SME financing, the Ministry of Planning, Economic Development and International Cooperation has signed a Memorandum of Understanding (MoU) with the Federation of Egyptian Banks to enhance access to finance for SMEs.
Through the Hub for Advisory, Finance & Investment for Enterprises (HAFIZ) Platform, this agreement enables SMEs to access credit lines provided by Development Finance Institutions (DFIs), which are disbursed through local banks. This innovative mechanism helps SMEs overcome the large ticket-size requirements typically associated with applying directly to DFIs, while leveraging banks’ existing role as the primary channel for development funds.
The Pivotal Role of Banks in Advancing Egypt’s Private Sector Development
Since 2020, development financing directed toward Egypt’s private sector has diversified in line with the State’s vision to empower private enterprises in priority sectors such as renewable energy, electricity, and manufacturing.
The financial sector—led by banks—has played a central role, capturing over 41% of total development financing and underscoring its importance in advancing Egypt’s sustainable growth agenda. This performance reflects the growing confidence of international financial institutions (IFIs) in Egypt’s banking system as a reliable channel for capital flows, SME financing, and private investment.
Through credit lines, concessional loans, and direct investments, the collaboration between banks and development partners has mobilized more than USD 16 billion since 2020, channeling funds into productive sectors that drive inclusive and sustainable growth.
Banks continue to serve as key enablers of private sector expansion, promoting access to finance and supporting green and inclusive projects that align with Egypt’s Vision 2030. By leveraging their reach and financial expertise, banks have reinforced Egypt’s position as a regional hub for sustainable development financing and a model for effective partnerships between government, development partners, and the private sector.
Participating Banks
National Bank of Egypt
Banque du Caire
Commercial International Bank
Qatar National Bank
National Bank of Kuwait
Interested banks are welcome to join this collaboration by reaching out to the Ministry of Planning, Economic Development, and International Cooperation.
Contact and Further Information
For further information, inquiries, or assistance, please contact:
Private Sector Engagement Unit: Ministry of Planning, Economic Development and International Cooperation privatesector@moic.gov.eg
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