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.
