Strengthening African Cooperation

In alignment with Egypt’s commitment to deepening African partnerships, H.E. Mr. Hassan Abdalla,

Governor of the Central Bank of Egypt (CBE), welcomed H.E. Mr. Olayemi Cardoso, Governor of

the Central Bank of Nigeria (CBN), for high-level talks focused on enhancing bilateral collaboration.

Visit to the New Administrative Capital Printing House

Following the meeting, Mr. Abdalla escorted Mr. Cardoso on a tour of the state-of-the-art Banknote

Printing House in the New Administrative Capital.

The delegation reviewed the full banknote production process from design to delivery while

exploring the facility’s production capabilities, cutting-edge technology, and advanced

anti-counterfeiting systems.

Technical Exchange and Capacity Building

The visit featured a comprehensive exchange of expertise between the two banks in

areas including monetary policy, supervision, Basel frameworks, cybersecurity, data analytics, and FinTech.

The Nigerian delegation also visited the Egyptian Banking Institute (EBI) to explore its role in

developing banking sector talent.

Shared Vision for Regional Progress

CBE Governor emphasized Egypt’s strategic focus on African integration and expressed

appreciation for Nigeria’s warm hospitality during the recent Afreximbank meetings.

He reaffirmed Egypt’s readiness to share its successful banking and regulatory experiences.

Nigeria Praises Egyptian Expertise

Mr. Cardoso highlighted the importance of the visit for boosting financial cooperation and

praised the high-tech capabilities and security measures of Egypt’s printing house.

He also expressed interest in adopting best practices from Egypt’s financial sector.

Continued Engagement

The visit follows CBE Governor recent trip to Nigeria during the 32nd Annual Meetings

of Afreximbank, reinforcing ongoing collaboration between the two central banks

and supporting regional financial development.