الهيئة العامة للرقابة المالية

• Integrating financial literacy into education is vital for smarter investment decision-making.
• The rapid rise of financial technology demands a parallel leap in education and public awareness.
• Investors aged 18–40 now represent approximately 79% of stock market participants.
• Young investors account for nearly 80% of holdings in new vehicles, including gold investment funds.
• FRA is actively expanding outreach across multiple platforms to educate students and young professionals.

Mr. Mohamed Abdel Latif, Minister of Education and Technical Education, signed a Memorandum of Understanding (MoU) with Hiroshima University and SPRIX a leading Japanese EdTech company. This strategic partnership, finalized at the historic headquarters of the Egyptian Stock Exchange (EGX), formalizes the implementation of a comprehensive financial literacy curriculum within Egyptian schools. The significance of this agreement was underscored by the presence of high-ranking government officials and financial leaders. Attendees included Dr. Ahmed Kouchouk, Minister of Finance; Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade; and Dr. Ahmed Rostom, Minister of Planning and Economic Development. Representing the regulatory and market sectors were Dr. Islam Azzam, FRA Chairman and Mr. Omar Radwan, EGX Chairman. International collaboration was central to the event, with Mr. Mitsuo Ochi, President of Hiroshima University, and Mr. Hiroyuki Tsunishi, Representative Director and President of SPRIX, representing the Japanese partners.

This step aligns with the state’s broader efforts to advance the educational system and enhance students’ core competencies, particularly in financial literacy, in accordance with international best practices.

 The cooperation protocol aims to establish a comprehensive framework between the Ministry of Education and Technical Education, Hiroshima University, and SPRIX to implement and ensure the quality of the financial literacy curriculum within the Egyptian education system. This will be achieved through the application of the Test of Fundamental Academic Skills (TOFAS) in financial literacy and related educational initiatives. Together, the three parties share a unified vision to position Egypt as a regional model for educational modernization and innovation across the Arab and African regions.

During the ceremony, Dr. Islam Azzam, FRA Chairman expressed his great pleasure at the launch of this initiative. He highlighted that integrating financial literacy into the secondary school curriculum – in cooperation with the Ministry of Education and the Japanese side – is a significant step toward spreading financial awareness in schools. He emphasized that this serves as a fundamental pillar for enhancing youth capabilities in investment and entrepreneurship. Furthermore, Dr. Azzam noted that the Authority is providing all necessary technical support to ensure the success of this experience, while also launching other related initiatives.

Dr. Azzam highlighted a remarkable surge in youth participation within the capital market, noting that investors aged 18 to 40 recently accounted for approximately 79% of stock market participants. Furthermore, youth participation in new investment vehicles, such as gold funds, has reached nearly 80%. He stressed that these figures underscore the urgent need to intensify awareness regarding non-banking financial sectors, helping young investors make sound decisions and mitigate risks.

FRA Chairman also underscored the vital role of Financial Technology (FinTech) in integrating youth into the capital market and other investment activities. He added that a robust legislative and regulatory framework established through the Authority’s resolutions in recent years supports this integration.

He pointed out that financial literacy plays a crucial role in bridging the gap between the rapid adoption of financial technology and making sound investment decisions. This, he noted, is a compelling reason to integrate financial literacy into school curricula, focusing on linking theoretical concepts with practical reality. Such an approach enhances the efficiency of students and youth, ensuring they keep pace with global developments and modern applications in both the financial and technological fields.

Dr. Islam Azzam concluded by emphasizing that the integration of youth into various financial sectors contributes significantly to expanding and deepening the market, while enhancing the overall attractiveness of Egypt’s investment environment.