الهيئة العامة للرقابة المالية

• The competition is designed to mobilize active youth participation in producing engaging financial awareness content across social media platforms.
• This initiative is consistent with the goals of the National Financial Literacy Strategy (2022-2026).

Dr. Mohamed Farid – FRA Chairman:

• Boosting financial literacy among young people is deemed a national imperative for fostering Egypt’s development.
• FRA has taken concrete steps, including allowing youth aged 15 and up to invest in the stock market and integrating financial education into primary school curricula.
• The Authority is preparing youth-specific awareness content and educational products, including the “Iinvest” initiative.

Dr. Ashraf Sobhy – Minister of Youth and Sports:

• The non-banking financial literacy e-competition generated innovative content from youth on countering financial fraud.
• The implementation of 7 Certified Financial Trainer’ courses in youth clubs and youth development centers benefited 2,914 young men and women, with the participation of 31 trainers.

Dr. Mohamed Farid, FRA Chairman and Dr. Ashraf Sobhy, Minister of Youth and Sports, witnessed the Y-Champions competition awards ceremony. The event, held at FRA headquarters, celebrated youth champions of non-banking financial literacy and anti-fraud, and honored the certified financial trainers from youth clubs and youth development centers.

The competition is designed to mobilize young creators to produce engaging financial awareness content across social media platforms. Through this challenge, it seeks to promote a culture of safe and informed engagement with non-banking financial activities, raise awareness of financial fraud risks and prevention strategies, and ultimately incentivize outstanding creative participants with symbolic prizes.

The organization of the competition aligns with the National Financial Literacy Strategy (2022-2026). This strategy is led by FRA’s Central Department for Awareness and Financial Literacy, in partnership with the Ministry of Youth and Sports’ Central Department for Youth Empowerment, ensuring financial literacy reaches various segments of society, particularly youth.

During the ceremony, FRA Chairman and  Minister of Youth and Sports personally selected and honored three winners of the Y-Champions competition.

Dr. Mohamed Farid, FRA Chairman stressed that enhanced financial literacy for youth is essential for national progress. He emphasized that Egypt’s youth represent a vital, vast resource that must be actively empowered and equipped to navigate economic opportunities and challenges.

He added that building a financially conscious generation capable of making sound financial decisions requires the cooperation of all entities, led by the Ministry of Youth and Sports. This effort operates within the framework of Egypt’s strategy that supports and calls for financial awareness and literacy all under the patronage of His Excellency President Abdel Fattah El-Sisi.

In executing state directives, FRA has taken proactive steps to engage youth. These include lowering the minimum age for stock market investment to 15 and introducing financial education into primary school curricula. Additionally, the Authority launched the “I invest” platform, utilizing modern language to keep pace with rapid technological development and effectively engage young people.

Dr. Farid added that the Authority was keen to take practical steps to support youth participation in the capital market by permitting trading for those aged 15, which enhances their investment experience and skills at an early age. FRA is also preparing tailored awareness content and educational products for youth, including the “I invest” platform and several other digital initiatives published across the Authority’s various platforms to ensure financial knowledge reaches them in a simple and engaging manner.

He pointed to the fruitful and constructive cooperation between the Authority and the Ministry of Youth, established through a signed protocol. This protocol aims to spread non-banking financial awareness among youth, which has successfully resulted in the implementation of the Certified Financial Awareness Trainer (CFAT) program and the graduation of several batches.

In his speech, Dr. Ashraf Sobhy, Minister of Youth and Sports, extended his sincere thanks and appreciation to FRA for this fruitful collaboration and valued strategic partnership. He noted that this partnership is clearly embodied today in this important ceremony gathered to honor a selection of outstanding and aware youth.

Minister of Youth and Sports added that the collaborative relationship between the Ministry and FRA has been marked by extended and continuous success since 2022, with the positive results increasing year after year.

Dr. Sobhy affirmed the Ministry’s full commitment to implement the directives of His Excellency the President. These directives promote the Presidential Initiative for training youth in non-banking financial activities and services, aiming to help them gain the necessary scientific, practical, administrative, technical and educational experience in this field.

Minister of Youth continued by stating that seven ‘Certified Financial Trainer’ (ToT) courses were executed at youth clubs and youth development centers. Thanks to these distinguished young trainers including the graduates of the sixth batch from Upper Egypt and the seventh batch from the Senate Simulation Model who are being honored today. He added that Financial Literacy Clubs have been launched across youth clubs and youth development centers all over Egypt. These clubs align with the Ministry’s strategy to transform youth centers into community service hubs, meeting the needs of youth for qualification and empowerment programs while increasing their awareness.

Dr. Mohamed Abdel Aziz, Assistant to FRA  Chairman affirmed that the Y-Champions competition is an inspiring model of what Egyptian youth can achieve when provided with opportunity and a supportive platform. He explained that FRA views this initiative as an extension of its ongoing efforts to build a financially aware generation capable of making sound decisions in the capital market and non-banking financial services sector. He added that the partnership with the Ministry of Youth and Sports was a cornerstone of this edition’s success, stressing that the ideas and creativity demonstrated by participants reflect the high level of awareness and ambition of Egypt’s youth, thereby reinforcing the Authority’s confidence in investing in young minds as the cornerstone of sustainable development.

As part of the productive and effective cooperation, FRA previously signed a cooperation protocol with the Ministry of Youth and Sports concerning the optimal utilization and monitoring of funding provided by companies and entities for Small, Medium, and Micro-Enterprises (SMMEs). The signing ceremony also featured the launch of the first Financial Literacy Club at youth clubs and youth development centers and the launch of FRA’s social media platform “I invest.” This digital presence is part of the Authority’s broader initiative to spread financial literacy across all segments of society, enabling them to use non-banking financial services to meet their future goals.