Egypt’s CBE holds training courses for African central banks

Egypt’s Central Bank (CBE) is hosting a training course on Application of Big Data Analysis and Artificial Intelligence to Central Banking, in collaboration with the COMESA Monetary Institute (CMI), according to its statement on Thursday.

The course is a part of the presidential directives to support Egyptian-African cooperation and integration, the statement said, adding that the training course took place from 27 to 31 August.

During the training course, participants are divided into work group to discuss the recent issues and challenges related to big data and artificial intelligence, the statement read.

The statement said that about 35 participants representing 9 central banks from COMESA member states have attended the course, as well as a delegation from the COMESA Monetary Institute.

The CBE is keen on pursuing its efforts to support capacity building for the staff of African central banks, according to its Governor’s Advisor for African Affairs Naglaa Nozahie.

Nozahie further explainedhis year’s course marks the ninth consecutive year in which the CBE provides training courses for the employees of the central banks in COMESA countries.