You Agree on the Next Big Thing in Innovation
The Central Banks of Egypt and Nigeria have recently signed a financial technology collaboration agreement, aiming to deepen cross-border regulatory collaboration and information sharing. This agreement is set to boost innovation and promote the growth of regional technology investments. The memorandum of understanding was signed during the sidelines of the Seamless North Africa 2023 event held in Cairo.
Key Points:
– Collaboration between Central Banks: The agreement aims to enhance collaboration between the Central Banks of Egypt and Nigeria in the field of financial technology.
– Boosting Innovation: The collaboration seeks to create an innovative space for fintech startups and entrepreneurs in Egypt and Nigeria, accelerating financial inclusion and driving economic growth across the African continent.
– Training Programs: The London Institute of Banking & Finance has also signed an agreement with the Egyptian Central Bank, offering training programs, workshops, and courses for leaders in the Egyptian fintech sector.
– Positive Outlook: The release of the Fintech Outlook report by the Egyptian Central Bank highlights the positive indicators of Egypt’s financial sector.
– Africa-focused News Updates: Register your email to receive a weekly update on African news straight to your inbox.
Hot Take: The collaboration between the Central Banks of Egypt and Nigeria is a significant step towards advancing financial technology and promoting economic growth in the African continent. This partnership will not only foster innovation but also drive financial inclusion, ultimately benefiting individuals and businesses in both countries.
By
By
By
By
By