الهيئة العامة للرقابة المالية

Dr. Ashraf Sobhy, Minister of Youth and Sports, inaugurated the third edition of Youth Financial and Digital Inclusion Summit, held under the slogan “Generation 2030.” The Ministry’s Financial, Digital Inclusion and AI Unit organized the summit bringing together 200 diverse young participants from various Egyptian universities, youth centers and people of determination. Mohamed El-Sayyad – FRA Vice Chairman, Sherif Lokman – CBE Sub-Governor, Financial Inclusion and Sustainability and Dr. Islam Azzam – EGX Chairman attended the event.

Mohamed El-Sayyad, FRA Vice Chairman delivered a presentation during the opening session titled, “Enhancing Financial and Digital Inclusion: Opportunities for Youth in Building a Sustainable Economic Future.” He highlighted FRA’s core function namely , regulating and supervising the non-banking financial sector,  stressing that this sector is vital for national economic development, providing essential financing opportunities to all segments of society, especially youth to fund or expand their projects. He also reviewed the Authority’s extensive efforts to boost public awareness of non-banking financial services.

FRA Vice Chairman affirmed that FRA’s strategy aligns directly with the Egyptian Government’s financial inclusion goals. The primary aim is to disseminate public awareness regarding the diverse financial, insurance and investment solutions available through non-banking services. El-Sayyad concluded by stressing the Authority’s commitment to build a generation of Egyptian youth capable of making optimal financial decisions. By ensuring youth have a sound understanding of financial sectors, FRA empowers them to achieve their personal goals, create new employment opportunities, improve their standard of living and ultimately, strengthen the national economy.

FRA Vice Chairman seized the opportunity to praise the fruitful cooperation with the Ministry of Youth and Sports, which is governed by a signed protocol to spread awareness of non-banking financial services among youth. A cornerstone of this collaboration is the Certified Financial Awareness Trainer (CFAT) program. This intensive course is designed to qualify young Ministry personnel to serve as “FRA Ambassadors.” Their role is to disseminate awareness about non-banking financial activities and services, clarify how to benefit from them in practical life and utilize them to create real opportunities for youth.

Finally, he underscored the broad impact of the summit. He noted that such events not only boost financial awareness but also connect young Egyptians with job opportunities in non-banking financial institutions. By clarifying the required skills and knowledge, the initiative directly supports youth in making informed decisions about their university majors and career paths, thereby aligning their education with real-world job market demands.

Since the program’s launch, FRA and the Ministry have successfully rolled out seven training courses and inaugurated Financial Awareness Clubs across several governorates. The program’s reach is rapidly expanding, with graduates successfully organizing 65 dedicated awareness seminars in 2025, targeting youth and junior pioneers in various youth centers and clubs.

FRA also launched the “Y Champions” competition. This initiative encourages young people to use their creativity by producing short, attractive video content that explains a specific non-banking financial activity.