Egypt’s FRA launches healthcare investment initiative with Curative Organisation

Egypt’s Financial Regulatory Authority (FRA) and the Curative Organisation signed a cooperation protocol on Wednesday to launch a healthcare investment initiative designed to finance hospital development projects and improve medical services through partnerships with the non-banking financial sector.

The Investing for Human Health Initiative will provide financing for hospital upgrades and expand the Impact Partners Programme, which seeks to mobilise private-sector participation in healthcare projects in line with Egypt’s Vision 2030 development strategy, the FRA said in a statement.

FRA Chairman Islam Azzam said the initiative forms part of the regulator’s efforts to encourage companies operating in Egypt’s non-banking financial sector to increase their contribution to healthcare development through corporate social responsibility and sustainable investment initiatives.

He added that the FRA was also implementing the Unified Insurance Law No. 155 of 2024, which aims to expand medical insurance coverage and encourage innovation and growth in Egypt’s insurance market.

The Curative Organisation said the initiative would help finance development projects across its affiliated hospitals, particularly the Coptic Hospital, while expanding cooperation with companies operating in the non-banking financial sector.

It said the protocol was the first partnership under the Impact Partners Programme, which is expected to be expanded through additional agreements to support healthcare development projects and mobilise sustainable financing.

The Curative Organisation operates a network of public hospitals and healthcare facilities across Egypt, while the initiative forms part of broader government efforts to increase private-sector participation in healthcare investment and improve the quality of medical services.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser