According to a press release published yesterday, the Central Bank of Egypt and The London Institute of Banking & Finance (LIBF) have just signed a Memorandum of Understanding (MoU) to work together on talent development for employees in the Egyptian financial sector.
The MoU aims to create education programs for the Egyptian banking industry, with a special focus on fintech.
LIBF Chief Executive Alex Fraser asserted that the agreement also seeks to equip young finance professionals through courses, online programs, and qualifications across fintech topics.
In turn, Kareem Refaay, LIBF Managing Director for the Middle East and North Africa, said the deal marks a significant step towards strengthening the Egyptian banking and financial services sector.
Notably, LIBF provides tailored educational programs to employees in the banking and finance sector worldwide, covering fintech, geopolitical risk, and sustainable finance. The institute has 140 years of expertise.
