CBE signs 2 joint cooperation agreements with its Nigerian counterpart and LIBF

A memorandum of understanding was signed between the Central Bank of Egypt and the Central Bank of Nigeria, reflecting the two countries' keenness to enhance mutual cooperation and exchange information and expertise related to fintech, payment systems, and financial inclusion.

The memorandum was signed by Rami Aboul Naga, Deputy Governor of the Central Bank of Egypt, and Aishah Ahmad, Deputy Governor of the Central Bank of Nigeria.

Aishah Ahmad, commenting on the signing, said, "I would like to thank the Prime Minister, CBE's Governor, and the members, today, for formalizing our partnership with the Central Bank of Egypt. We have been working together for several months on agreements and initiatives to develop payment systems and financial inclusion. The Central Bank of Nigeria is very proud to collaborate with you, and we look forward to more investments in our Fintech communities and payment ecosystems in Africa."

CBE also signed an agreement with Alex Fraser, CEO of LIBF. This agreement is an important step towards developing and building financial technology capabilities in Egypt.