The Ministry of Education and the Financial Regulatory Authority Sign a Cooperation Protocol
The Ministry of Education and Technical Education and the Financial Regulatory Authority signed a joint cooperation protocol today aimed at enabling school students, starting from the age of 15, to benefit from non-banking financial activities through safe and regulated channels. This initiative supports financial inclusion and promotes a culture of saving, investment, and entrepreneurship from an early educational stage.
The protocol was signed by Mr. Mohamed Abdel Latif, Minister of Education and Technical Education, and Dr. Mohamed Farid, Chairman of the Board of Directors of the Financial Regulatory Authority. This significant step reflects the state's commitment to building a financially literate generation capable of integrating into the digital economy. This institutional partnership aims to unify efforts between the education and financial regulatory systems to prepare young professionals with the necessary financial and technical skills for effective participation in the formal economy.
This protocol is based on the Financial Regulatory Authority's latest amendment to the regulations governing youth trading in securities listed on the Egyptian Stock Exchange. This amendment allows young people aged 15 and above to trade in securities listed on the Egyptian Stock Exchange, encouraging them to invest more of their money through secure financial channels. This aligns with the state's strategic direction to integrate pre-university students into the formal economy and promote the transition to a knowledge-based and innovation-driven digital economy, while providing a regulatory and legislative framework that ensures the protection of investors and reinforces the principles of transparency and financial stability.
Mr. Mohamed Abdel Latif, Minister of Education and Technical Education, affirmed that signing this protocol will instill financial literacy in students from a young age. He emphasized the necessity of unifying the efforts of national institutions concerned with education and financial oversight to build a conscious generation capable of contributing to a knowledge-based and innovation-driven digital economy.
For his part, Dr. Mohamed Farid, Chairman of the Board of Directors of the Financial Regulatory Authority, emphasized his commitment to cooperating with all government entities, particularly the Ministry of Education and Technical Education, to instill financial and economic awareness in students from an early age. This includes raising awareness of economic activities, introducing students to capital markets and trading through various mechanisms and simulation programs, and providing them with hands-on experience and training opportunities.
He also highlighted the importance of implementing well-planned and organized awareness campaigns for young people by official bodies. Furthermore, he noted the positive impact of providing a dedicated Egyptian Stock Exchange trading simulation system for school students, allowing them to gain a safe and practical understanding of capital market mechanisms and develop their investment literacy.
This collaboration aims to provide students with real opportunities to acquire practical skills in money management and project financing, as well as to raise their financial awareness and protect them from illicit financial practices. This will be achieved through specialized awareness and training programs implemented in schools and training centers, educating students about fraudulent practices and how to use financial services safely, while emphasizing the importance of using only authorized official channels.
The signing of the protocol was attended by Dr. Ahmed Daher, Deputy Minister, on behalf of the Ministry of Education, and on behalf of the Financial Regulatory Authority, Counselor Ahmed Shata, Assistant Chairman of the Authority, Major General Irfan Abdel Raouf, Head of the Central Administration for Administrative Affairs, Ms. Dina Kamal, Financial Literacy Strategic Policy Expert, Ms. Doaa Bilal, Director General of the General Administration for Financial Literacy Policies and Strategies, Mohamed Kamel, Director General of Media and Protocol, and Farouk Ahmed, Communications Officer at the Authority’s Media Center.