CBE Cooperates With International Institutions To Digitize Supply Chains

Rasha Negm, the assistant sub-governor of CBE for Financial Technology (FinTech) and Innovation, has said that work is underway with international institutions to launch a project to digitize supply and supply chains, which includes adopting innovative methods for data collection, integration and analysis.

During her participation in a discussion session on the role of financial technology in promoting sustainability and green financing, as part of the African Development Bank meetings held in Sharm El-Sheikh on 22-26 May, Negm explained that Egypt has witnessed a huge expansion in the field of financial technology. The number of projects in this field has increased to 177, compared to only three projects in 2012. The field was able to attract a lot of capital and achieve great returns.

She confirmed that 60% of financial technology projects in Egypt are run by young people between the ages of 16 and 25.