Arab Finance: The Central Bank of Egypt (CBE) and the London Institute of Banking and Finance (LIBF) signed a memorandum of understanding (MoU) to improve the efficiency of the Egyptian banking and financial services sector, according to emailed press release on August 9^th.

Under the agreement, LIBF MENA will upskill and reskill the Egyptian workforce in the financial sector by providing LIBF programs, workshops, and events, including education programs designed for the banking sector and FinTech Youth Education.

The signing ceremony took place at Seamless North Africa 2023, where Alex Fraser, Chief Executive of LIBF, commented: "By combining our global expertise with their local insights, we aim to develop a highly skilled workforce and drive the transformation of the Egyptian banking and financial services sector.”

For his part, Kareem Refaay, Managing Director of LIBF MENA, said: "This represents a significant step towards strengthening the banking and financial services sector in Egypt. We are honored to collaborate and contribute to the development of a skilled workforce and a thriving industry."

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