Nile National University has signed a memorandum of understanding with the Commercial International Bank of Egypt to prepare and design the first academic program of its kind in Egypt to graduate specialists in sustainable finance for small and medium-sized enterprises, under the auspices of the Central Bank of Egypt.
The agreement was signed on behalf of the Nile National University, Dr. Wael Akl, President of the University, and on behalf of the Commercial International Bank, Dr. Dalia Abdel Qader, Head of the Sustainable Finance Sector, Rashwan Hammadi, Head of the Consumer and Retail Banking Sectors Group, and Mohamed Al-Sinari, Head of the Human Resources Sector, in the presence of Sheriff Luqman, Deputy Governor of the Central Bank for the Financial Inclusion Sector, and Dr. Hassan Youssef Ali, Dean of the Faculty of Business Administration at Nile University.
This step comes within the framework of the role of the Nile National University represented by the College of Business Administration in designing qualitative and specialized programs that suit the requirements and needs of the market and graduates, and in response to the plan of the Central Bank of Egypt to support the growth of small and medium-sized businesses, create jobs for youth, and improve financial inclusion.
Sherif Luqman, Deputy Governor of the Central Bank for the Financial Inclusion Sector, stressed the Central Bank’s support for such partnerships that universities hold with banks to educate financially for different categories of citizens and introduce financial services and products. He also praised the efforts made by all banks, which have contributed to achieving a jump in financial inclusion rates in recent years.
Luqman pointed out that this agreement is a continuation and implementation of the Central Bank’s vision and strategy to support and support small and medium enterprises by educating school and university students to graduate qualified cadres for the labor market in order to the nature and working environment of these projects and their funding needs, which points to the fruitful cooperation between the Central Bank of Egypt and the University of the Nile Civil Society through the Nile Pioneer Initiative, which is one of the most important current initiatives in support of youth and entrepreneurs .
In turn, dr. Wael Akl, president of the Nile National University, welcomed; In continuous and fruitful collaboration with the Commercial International Bank, he pointed out that the university and the bank share an excellent history of successful partnership in the implementation of a number of pioneering study and qualification programs.
The president of the Nile University said that the Commercial International Bank is one of the most important banking institutions in Egypt known for its excellence in the world, and that the university is opening up its faculties and research fields to serve pioneering initiatives and banking institutions that are important role in supporting the requirements of the Egyptian market and economy and qualifying graduates.
Dr. Wael Akl has indicated that the purpose of the memorandum of understanding signed is to prepare a new generation of specialists in the financing of small and medium enterprises to help the banking sector better serve the market.
In a related context, dr. Hassan Youssef Ali, Dean of the Faculty of Management at Nile University, states that the Faculty of Business Administration at the university will develop a new path under the memorandum of understanding that will be a pioneer with “sustainable financing for small and medium-sized companies” around the university. to make in this new specialization, which he implements in collaboration with CIB, as a “founding partner”, especially since CIB participates in the development of the program that content and professors are involved in providing it.
The participants of the Commercial International Bank expressed their gratitude for this partnership with the Nile University, which comes from the confidence and conviction of the Commercial International Bank in the importance of the development of the human element, especially the youth, because of their active role in the development of the economy and the growth of society.
In turn, the dr. Dalia Abdel Qader, Head of the Sustainable Finance Sector at CIB, emphasizes that integrating the concept of sustainability with its environmental, societal and managerial dimensions into the education curricula of Egyptian universities is crucial as education plays a major role. in accelerating the transformation of economies and societies towards sustainable development, therefore Commercial International Bank seeks to work with pioneering educational institutions that always strive for innovation and development of educational curricula to keep up with the requirements of the labor market and national and international trends, necessitating a shift towards sustainable development.
Rashwan Hammadi, of the Commercial International Bank, explained the importance of this program and its role in integrating the academic and practical aspects of youth, and its effective impact on the preparation of qualified cadres for the labor market across the skills and applied knowledge possess the banking sector.
It is noteworthy that this program reflects one of the strategic directions of the Nile University and the Commercial International Bank, which seeks to direct their expertise and capabilities to support national initiatives through strategic partnerships, to add value to society to provide through programs and projects aimed at direct impact on the industry and to provide advanced solutions to bridge the gap in capabilities required by the market Work towards achieving Egypt’s Vision 2030.