Central Bank Governor at Alamein Business Forum

The article discusses the participation of the Governor of the Central Bank of Egypt in the "Alamein – Africa for Business" forum, which aims to enhance financial and economic cooperation among African countries, and to promote investments and economic integration across the continent. The governor emphasized the importance of building trust between African nations, achieving economic stability, and developing the financial infrastructure by strengthening financial markets and financing methods. Additionally, he highlighted the goal of boosting trade between countries using local currencies and reducing dependence on foreign currencies. He also pointed to Egypt's economic reforms, which have contributed to increasing foreign reserves and improving banking sector indicators, as well as efforts to expand the presence of Egyptian banks in African markets and to sign multiple cooperation agreements. The governor stressed the need to facilitate the movement of goods and people across borders, and to direct a significant portion of liquidity and African investments within the continent, with the aim of harnessing large potential and transforming rapid demographic growth into a sustainable economic force.

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