الهيئة العامة للرقابة المالية

Youth Sports Festival was initiated as a strategic effort to enhance financial literacy. The event achieved significant reach, attracting large numbers of participants both physically at Gezira Youth Development Center and affiliated youth centers, as well as through extensive online participation.

The festival was held through the ongoing institutional partnership between Financial Regulatory Authority (FRA) and Ministry of Youth and Sports (MoYS). Their central objective is to enhance financial literacy among youth and adolescents, introducing them to non-banking financial services and empowering them to make sound economic decisions. This endeavor directly supports Egypt’s national strategy for achieving financial inclusion and fostering sustainable economic development.

The event successfully drew over 200 young men and women from numerous Egyptian universities and schools, primarily engaging members of clubs and youth centers. Significantly, the festival achieved even greater reach through extensive digital engagement, with youth participating via electronic live streaming from numerous governorates

Kicking off the festival, Dr. Mohamed Abdel Aziz, Assistant to FRA Chairman, delivered a specialized awareness lecture. He introduced the concept of non-banking financial services and their pivotal role in supporting the  national economy and empowering youth economically. The presentation also covered the difference between banking and non-banking sectors, the evolution of the latter in Egypt and highlighted key sectors: Capital Markets, Insurance, Microfinance, Real Estate Finance, Financial Leasing, Factoring and Consumer Finance.

During his speech, Dr. Abdel Aziz emphasized the importance of utilizing these activities safely and responsibly. He underscored their role in supporting Small and Medium Enterprises (SMEs), promoting a culture of saving and investment and enhancing employment and entrepreneurship opportunities among youth, all of which contribute to financial inclusion.

He further highlighted the importance of consumer protection mechanisms and the urgent need to raise awareness on risks associated with unlicensed financial entities. Dr. Abdel Aziz stressed that financial literacy is a fundamental tool not only for building a sustainable professional and economic future, but also for safeguarding the rights of participants across the non-banking financial markets.

The festival activities also featured a theatrical performance titled “Dababis” by “Nawa” troupe from Monufia Governorate. This play addressed several youth awareness topics, including combating violence against women, women’s employment and the importance of family dialogue, as part of the activities of the MoYS Central Administration for Youth Empowerment. The events further included various sports activities – among them football, table tennis and fitness – in cooperation with the Central Administration for Sports Development.

Several leaders attended the events from Ministry of Youth and Sports, Financial Regulatory Authority and representatives from Etijah – Youth and Development Consultancy Institute.

This event reaffirms the institutional partnership between the Authority and the Ministry of Youth and Sports, alongside their crucial cooperation with various national and international entities. This collaboration is vital for supporting and empowering Egyptian youth and for promoting financial literacy, which are recognized as essential pillars for sustainable economic development and human capacity building.