CAIRO, Jul 18 (NNN-MENA) – The Central Bank of Egypt (CBE), yesterday, signed two memoranda of understanding (MoUs) with the Central Bank of Nigeria (CBN) and the London Institute of Banking & Finance, the state-run Ahram Online news website reported.
The MoUs were inked on the sidelines of the regional fintech event, Seamless North Africa 2023, which kicked off in Egypt yesterday, according to the report.
The MoU with the CBN focuses on the exchange of expertise in fintech, innovation, e-payment, and financial inclusion, while the one with the London institute is to offer training programmes, workshops, and courses to Egyptian fintech sector leaders, said the report.
At the event, CBE Governor, Hassan Abdallah, announced issuing of a new Fintech Outlook report, that reveals several positive indicators of the country’s fintech sector, which garnered around 800 million U.S. dollars in investment last year.
The two-day event brought together 150 international and local experts, and more than 100 exhibitors, to discuss and evaluate the future of the financial ecosystem, through a slew of arrangements, including keynote presentations, panels, and case studies.– NNN-MENA
