Egypt Financial Regulatory Authority backs financial literacy curriculum in schools with technical support as 18 to 40 year olds account for 79 percent of stock exchange investors

The Egypt Financial Regulatory Authority said at a ceremony for a new education memorandum that it will support the introduction of financial literacy into Egyptian school curricula, describing stronger education as necessary to keep pace with rapid fintech development and the growing participation of younger investors. Islam Azzam, identified by the authority as its chair, said the regulator will provide technical support for the programme and is also working on other awareness initiatives for students and young people. The memorandum of understanding was signed by the Ministry of Education and Technical Education, Hiroshima University and Japan's Sprix. It sets a framework for implementing and quality-assuring financial literacy teaching within Egypt's education system, including use of the TOFAS basic academic skills test for financial literacy and related educational initiatives. According to the authority, investors aged 18 to 40 recently accounted for about 79% of stock exchange investors, while young investors represented about 80% of investors in new investment funds such as gold funds. It linked this trend to fintech development under the legislative and supervisory framework it has issued in recent years and said broader awareness in non-bank financial sectors is needed to improve investment decisions and reduce risk.