On Tuesday, November 5, 2024, Banque Misr signed a cooperation protocol with the Federation of Egyptian Industries to support three new schools of applied technology. With this agreement, the total number of applied technology schools supported by the bank will rise to six. The signing ceremony was attended by Mr. Hesham Okasha, CEO of Banque Misr, and Mr. Eng. Mohamed Zaki El-Sweedy, Chairman of the Federation of Egyptian Industries, along with a distinguished group of leaders from both organizations.
The signing of this protocol is part of Banque Misr's commitment to social responsibility, which is one of its key focus areas. It supports the Egyptian government's efforts to enhance the technical education and vocational training system, and to improve the quality of educational outcomes and professional skills to align with international standards and meet the state's industrial priorities. This initiative aims to address the labor market's demand for new professions and specializations, ultimately benefiting the national economy. This comes within the framework of the union's expansion, which seeks to implement the experience of applied technology schools under the Ministry of Education and Technical Education. These schools represent a modern model of technical education that aligns with the government's direction. By fostering collaborative integration among various stakeholders, the initiative aims to achieve sustainable development, particularly by developing these schools and encouraging young people to pursue studies in modern technological fields.
Mr. Hesham Okasha, CEO of Banque Misr, stated after the signing, “Banque Misr recognizes the vital role of education in advancing societies, particularly technical education. It is one of the key pillars that impacts the national economy and drives development. Technical education serves as the foundation for preparing skilled professionals according to international standards, which helps to increase employment rates and reduce unemployment. This initiative aligns with the government's focus on expanding technical and vocational schools to support the Egyptian industrial sector, a significant contributor to the national economy.”
Okasha emphasized that Banque Misr is dedicated to supporting young professionals, recognizing them as essential to progress in the current landscape. As part of its social responsibility, the bank focuses on various areas that contribute to human development—such as health, education, and job creation—which ultimately enhances the quality of life for individuals.
Eng. Mohamed Zaki El-Sweedy, Chairman of the Federation of Egyptian Industries, expressed his gratitude to Banque Misr for its significant role in supporting the Applied Technology Schools project. This initiative is a collaboration between the Federation and the Ministry of Education and Technical Education, aimed at preparing qualified technical professionals for the needs of both the local and international labor markets. He highlighted the use of approved specialized technical curricula and emphasized the Federation's commitment to expanding the experience of Applied Technology Schools, citing their substantial successes in practice.
The bank is eager to promote partnerships between different sectors of Egyptian society, including both government and private entities. It aims to showcase successful models that can be replicated across various levels and sectors. This approach is intended to contribute meaningfully to the development and progress of society.
