As part of its ongoing commitment to enhancing cooperation with African central banks
the Central Bank of Egypt (CBE) hosted a high-level delegation from the Bank of Tanzania
aiming to exchange expertise and share best practices in Business Continuity Management (BCM)
The visit was conducted under the CBE’s expertise-exchange program and reflects Egypt’s leading
role in supporting institutional development and financial stability across the African continent
Exploring Egypt’s Leading Business Continuity Framework
The five-day visit brought together a group of planning and management experts from
the Bank of Tanzania, who gained in-depth exposure to Egypt’s pioneering experience in
business continuity The program highlighted the critical role of BCM in ensuring the stability
resilience, and sustainability of banking operations, as well as enhancing preparedness and
response to crises and emergencies
CBE Emphasizes Knowledge Exchange and Capacity Building
Dr Naglaa Nozahie, Advisor to the Governor of the Central Bank of Egypt for African Affairs
stated that hosting the Tanzanian delegation underscores the CBE’s strong commitment to
expanding expertise-exchange initiatives with African central banks, particularly in strategic
areas such as business continuity and crisis management She noted that the program enabled
the visiting delegation to gain firsthand insight into the best practices implemented at the CBE
contributing to institutional capacity building and strengthening technical cooperation between
Egypt and Tanzania
ISO 22301 Certification Reflects CBE’s Readiness and Resilience
Mr Shehab Selim, Assistant Sub-Governor of the CBE for the Risk Management Sector
welcomed the delegation and highlighted that the Central Bank of Egypt’s achievement
of ISO 22301 certification reflects its commitment to applying the highest international
standards in Business Continuity Management He emphasized that the certification
demonstrates the CBE’s ability to ensure a swift and effective response to crises and
emergencies, reaffirming the Bank’s readiness to share its expertise in business continuity
and risk management with professionals from African central banks
Field Visits and Technical Sessions Enhance Practical Knowledge
The visit included a field tour of the alternative business continuity sites, allowing the
delegation to explore the operational systems and infrastructure designed to ensure
uninterrupted banking services In addition, the Tanzanian delegation participated in
interactive discussion sessions and technical presentations, addressing key challenges
faced by financial institutions and the strategies used to overcome them through effective
BCM frameworks The sessions also focused on developing business continuity capabilities
ensuring organizational readiness for potential disruptions, and emphasizing the vital role of
senior management support in the success of business continuity programs
Egypt’s Growing Role as a Regional Hub for Central Banking Expertise
The Bank of Tanzania delegation forms part of a series of specialized visits by African central
banks to the Central Bank of Egypt, aimed at fostering cooperation and benefiting from Egypt’s
extensive expertise in key central banking domains These areas include cybersecurity, payment
systems, banking supervision, risk management, and other critical functions, reinforcing Egypt’s
position as a regional center for central banking excellence and knowledge sharing in Africa