The Federation of Egyptian Chambers of Commerce (FEDCOC) has signed a cooperation protocol with the Egyptian Credit Information Company (iScore) to advance the state’s efforts in financial inclusion, accelerate digital transformation, and enhance credit assessment efficiency across the financial and commercial sectors.
The agreement was signed on the sidelines of Cairo ICT 2025 in the presence of Ahmed El-Wakeel, Chairperson of FEDCOC; Mohamed Karim, CEO and Managing Director of iScore; and senior officials from both organizations.
The protocol supports national initiatives to improve the business environment and streamline procedures related to commercial activities. It also encourages greater use of data in financial and commercial decision-making processes.
Under the agreement, the Federation will provide iScore with data on protest rulings and bankruptcy registrations. iScore will then make this information available through its authorized platforms for financial and commercial institutions, improving the integration of information on merchants and their counterparties. This is expected to result in more accurate and reliable credit assessments.
El-Wakeel emphasized that the protocol marks an important step in the Federation’s ongoing efforts to promote financial inclusion and digital transformation, in cooperation with the Central Bank of Egypt, the Ministry of Finance, and the Ministry of Communications and Information Technology.
He added that the initiative aims to facilitate access to credit, particularly for citizens and more than five million small traders, helping increase operational capacity, stimulate economic activity across sectors, and support Egypt’s expanding e-commerce market, which has exceeded EGP 500bn in volume.
For his part, Mohamed Karim said the partnership represents a strategic step toward enhancing transparency in the Egyptian market, reducing credit risks, and improving data accessibility for financial and commercial institutions. He noted that the agreement will accelerate processes and contribute to building a more stable and dynamic private-sector business environment.
Karim added that the protocol is one of several key initiatives designed to maximize the use of available commercial data, support financial inclusion, and simplify procedures for companies and traders through more efficient verification and inquiry mechanisms.
He reaffirmed iScore’s commitment to strengthening the information infrastructure serving Egypt’s financial and commercial sectors, deepening cooperation with state institutions, enhancing market trust, improving the investment climate, and contributing to broader economic growth.
