July 14, 2024
COLLABORATION: CBN, CBE sign MoU on Nigeria-Egypt FinTech Bridge
COLLABORATION: CBN, CBE sign MoU on Nigeria-Egypt FinTech Bridge
– By Alison Godswill

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COLLABORATION: CBN, CBE sign MoU on Nigeria-Egypt FinTech Bridge

By Eyo Nsima

 

The Central Bank of Nigeria, CBN and the Central Bank of Egypt, CBE, have signed a Memorandum of Understanding, MoU, targeted at establishing a Nigeria-Egypt FinTech Bridge.

The MoU was signed during the just-concluded Seamless North Africa 2023 conference, which took place at the Egypt International Exhibition Center, in Cairo, Egypt.
Speaking at the event, the CBN Deputy Governor, Financial System Stability, Mrs. Aishah Ahmad, that signed on behalf of the CBN, said: “We look forward to cultivating an innovative space for fintech startups and entrepreneurs in Egypt and Nigeria to accelerate financial inclusion, deepen our payment systems and drive economic growth across the African Continent.”
Similarly, the Deputy Governor of the Bank of Egypt, Mr. Rami Aboulnaga, expressed optimism that the partnership would be successful.
The event was attended by over 4,000 attendees, including policymakers, payment service providers, financial institutions and technology startups from Egypt, Nigeria and other African countries.

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