Acts 7:34

I have seen, I have seen the affliction of my people which is in Egypt, and I have heard their groaning, and am come down to deliver them. And now come, I will send thee into Egypt.

It is part of Stephen's defense rehearsing Israel's history and God's dealings with the people through Moses, tracing their story through Moses and interpreting it in light of Christ.
It was spoken as part of Stephen's final testimony under the Holy Spirit to hearers who resisted him, so its full significance depends on the occasion, time, and place of his address.
It belongs to Stephen's Old Testament testimony in which Christ is revealed, with Christ's voice speaking through Moses, the prophets, and the patriarchs, so God's seeing Israel's affliction and sending Moses is part of the scriptural evidence pointing to Christ.
It belongs to the speech Stephen gave immediately before his stoning, at which Saul, afterward called Paul, was present and acted a part by standing by consenting.

This testimony ending in stoning came before he began breathing out threatenings and slaughter against the disciples.
It records God's sending of Moses to deliver Israel from Egypt after Moses had faithfully spent forty years being trained in humble service as a shepherd.
That long period of humble shepherding prepared him for his appointed work and qualified him to lead God's people under Jesus Christ.
It belongs to the account of Moses' call to lead Israel out of Egypt toward Canaan, for which he had been chosen and fitted by learning, military training, and forty years of humble shepherding in Midian, where hardship taught him about poverty.
It is associated with Moses' long mental and moral training in humility, shaped through doing God's will before he could lead Israel, without further explaining its specific details about Israel's affliction and God's call to send Moses.