Within the framework of enhancing ongoing cooperation between African central banksThe Central Bank of Egypt received a delegation from the Bank of Tanzania, to learn about the best practices followed in the field of business continuity, as part of a program to exchange banking experiences between the two sides.
The delegation included a group of planning and management experts from the Bank of Tanzania, and its visit lasted for five days, during which it learned about the pioneering Egyptian experience in the field of business continuity, its direct impact on maintaining the stability and sustainability of banking, and the ability to confront crises effectively and with high efficiency.
Dr. Naglaa Nazhi, Advisor to the Governor for African Affairs, explained that the delegation’s visit comes within the framework of the Central Bank of Egypt’s keenness to enhance expertise exchange programs with African banks, especially in strategic areas such as business continuity and crisis management. She added that the program allowed the delegation to learn about the best practices and procedures in place within the bank, which contributes to developing institutional capabilities and enhancing technical cooperation between the two banks.
For his part, Mr. Shehab Selim, Assistant Deputy Governor for the Central Risk Sector, expressed his welcome to the Tanzanian delegation, noting that the Central Bank of Egypt’s obtaining the ISO 22301 certificate reflects the level of excellence enjoyed by the bank in applying the highest standards of business continuity, and its ability to respond quickly and effectively in emergency situations, stressing the bank’s readiness to exchange its expertise in this field with specialists from African central banks.
The visit included a field tour at the bank’s alternative business continuity headquarters, during which the delegation was briefed on the systems and technologies applied. It also participated in discussion sessions and presentations that reviewed the challenges facing institutions and how to overcome them through business continuity, in addition to methods for developing capabilities and ensuring readiness to confront any potential disruptions.
Emphasis was also placed on the pivotal role of senior management in the success of business continuity programs, and the importance of leadership support in enhancing the sustainability of banking operations and ensuring the protection of institutional interests.
The visit of the Bank of Tanzania delegation comes within a series of specialized visits that the Central Bank of Egypt receives from African banks, to enhance joint cooperation and benefit from distinguished Egyptian expertise in vital fields such as cybersecurity, payment systems, bank supervision, and business continuity, which contributes to raising the efficiency and capabilities of African partner banks.
