ArabFinance: Following the directions of the President of Egypt to strengthen relations with Africa and upon the instructions of the Governor of the Central Bank of Egypt, the Egyptian Banking Institute, the training arm of the Central Bank of Egypt, launched the first round of the African Future Leaders' program as online edition with the participation of 8 African countries, according to May 4th press release.

The program is a new addition to the Institute's remotely-implemented programs and services, and comes as a contribution from the Egyptian Banking Institute to African Central banks under the guidance of the Central Bank of Egypt.

In this context, Mr. Nossier, Executive Director of the Egyptian Banking Institute, pointed out that “this program reinforces bilateral relations and contributes to the development and preparation of African calibers to assume leadership positions in the banking sector across African countries. It is worth mentioning that the Future Leaders Program is one of the strategic programs offered by the institute to the Egyptian banking sector since 1995 to prepare and nurture the second generation of Egyptian banking leaders. This program is designed to address various topics aiming to develop the leadership skills of the participants and to refine their technical knowledge.”

The program is divided into four modules: Leadership and management skills, technical knowledge/ effectiveness, as well as simulation games, and motivational sessions. Fifty-six candidates from 11 African countries have applied to participate in this program, of whom the terms of admission apply. Virtual assessment tests were conducted using the latest tactics to conduct tests effectively with remote monitoring of candidates resulting in shortlisting13 trainees who successfully reached the final stage of admission representing eight African central banks.

The program, initially planned to be conducted during March and April 2020, in the Egyptian Banking Institute headquarters in Cairo, was redesigned and announced in a new format due to current situation in the globe and precautionary measures to counter the spread of the new Coronavirus. The program copes with the current circumstances by ensuring the safety of trainees, hence delivering the program through e-learning and online education.

Mr. Abdelaziz Nossier said, “this program is an extension of the Institute’s continued efforts to amplify its activities across the African continent. Two years ago, the Egyptian Banking Institute provided services to only eight African countries, today we are serving 42 countries, with 3072 African trainees since the Institute's establishment in 1991till date.”

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