In light of Egypt’s commitment to enhance cooperation with African nations and deepen bilateral relations across various sectors, the Central Bank of Egypt (CBE) recently hosted a high-level delegation from the Bank of Tanzania (BOT), headed by its Deputy Governor. The visit comes within the framework of the joint cooperation program between the two central banks, aimed at fostering knowledge exchange in the fields of digital transformation, FinTech, and payment systems.

Mr. Rami Aboulnaga, Deputy Governor of the CBE received and welcomed the Tanzanian delegation, reaffirming the CBE’s commitment to strengthen regional collaboration with African nations, by sharing Egypt’s pioneering experience in digital banking services, in light of the technological advancements that have significantly facilitated financial transactions for citizens.

During their visit, the Tanzanian delegation was briefed on CBE’s efforts to align with the global developments in digital transformation, including FinTech, electronic payments, cybersecurity, and data science. Additionally, they gained insights on the CBE’s strategic formulation and execution of key regulatory frameworks, corporate governance, corporate policies, and human resources management.

This visit underscores the strong and historic ties between the CBE and African central banks, particularly the BOT, which reinforces the ongoing efforts to bolster regional cooperation, and promote the exchange of expertise and knowledge.