As part of the state’s efforts to enhance African cooperation in all fields, the Central Bank of Egypt hosted a delegation of financial inclusion experts from the Central Bank of Mauritania to exchange experiences and knowledge between the two sides, and to benefit from the pioneering Egyptian experience in the field of financial education and women’s economic empowerment, in cooperation with the International Alliance. For financial inclusion.
The visit, which took place recently, included the implementation of a program to exchange experiences at the Central Bank of Egypt on “Implementing Effective Financial Education Strategies,” where the factors for the success of implementing financial education programs in Egypt were presented, which played a major role in increasing financial inclusion rates in recent years to reach 71.5%. According to the rates of June 2024, the role of policy makers with regard to these programs and the importance of establishing strategic partnerships with government agencies and agencies that have large-scale financial programs and other stakeholders working in the field of financial education were also introduced to ensure continued concerted efforts of the various sectors of the state. To increase financial awareness for all segments of society.
The visit of the Mauritanian delegation addressed many issues and topics, including Egypt’s journey towards enhancing financial inclusion, an integrated explanation of the financial inclusion strategy and the path to its implementation, and the importance of integrating financial awareness into all financial inclusion projects targeting various segments of society, especially women, while highlighting initiatives directed at this segment. Such as the Digital Savings and Loan Groups (Tahwisha) project, which aims to economically empower women.
During the visit, a detailed explanation was provided to the Mauritanian side on how to prepare financial education content that suits all segments of society. The Central Bank of Egypt’s strategy for financial technology and innovation and its role in spreading digital financial culture was also reviewed, with an explanation of digital financial education activities and initiatives for talents in the field of financial technology, in addition to To present the efforts of the Central Bank of Egypt in the field of protecting the rights of bank customers and educating customers about their rights.
The Mauritanian delegation’s visit included a field tour of the headquarters of the Nilepreneurs Initiative to learn how to provide support to entrepreneurs and small projects, from the idea to the establishment of the company, in addition to the banking sector providing non-financial and advisory services through business development centers. The delegation also toured another tour of the Egyptian Banking Institute, where the Institute’s efforts in spreading financial culture and various related initiatives were presented, as well as the electronic platform for financial education, Finlit Hub, which was launched by the Institute of Banking and which targets children, youth, adults, and entrepreneurs, in addition to financial service providers, was presented. By presenting and explaining content related to financial concepts and personal money management in a way that suits the nature of the target group.
