CBE and Federation of Egyptian Banks Partner with Food Export Council to Drive SME Trade Growth
hamdy Abdelrashid
Officials from the Central Bank of Egypt (CBE) and the Federation of Egyptian Banks (FEB) have underscored the critical importance of deepening cooperation with the Food Export Council (FEC). This strategic alignment aims to support small and medium-sized enterprises (SMEs) and scale their contribution to Egypt's overall export volume.
During an expanded meeting convened by the FEB’s SME Committee, Mostafa Mounir, Director General of the Micro, Small, and Medium Enterprises (MSMEs) Department at the CBE, welcomed the partnership with the Export Council. Mounir commended the comprehensive market data, analytical insights, and practical trade opportunities highlighted in the council's presentation.
He further emphasized the necessity of ensuring the sustainability of this institutional cooperation by establishing clear Key Performance Indicators (KPIs) and routine follow-up mechanisms to yield tangible outcomes that accelerate SME growth.
Concurrently, Ahmed Fouda, Manager of the SME Committee at the Federation of Egyptian Banks, highlighted the importance of strengthening communication channels between the banking sector and national export councils. This integration is designed to innovate targeted banking solutions that directly align with the evolving requirements of the domestic production and export sectors.
The Food Export Council concluded the session by confirming its readiness to launch a sustainable, long-term cooperation framework with the CBE and the FEB. The upcoming program will feature a specialized series of joint meetings and interactive workshops designed to transfer export market intelligence and structural knowledge to banking personnel, thereby backing the state's strategic mandate to maximize outbound trade and enhance the global competitiveness of Egyptian products.