EGX Organizes “Ring The Bell" For Signing An MOU With The Egyptian African Businessmen's Association
The Egyptian Exchange (EGX) marked today, Thursday, January 22nd, 2026, with a “Ring-the-Bell” ceremony to commemorate the signing of a cooperation protocol with the Egyptian African Businessmen’s Association (EABA). The agreement forms part of ongoing efforts to strengthen institutional collaboration between state entities and the business community. The ceremony was held at EGX headquarters and was attended by senior executives from both organizations, along with members of the Association’s board. The signing of the protocol aligns with efforts to support the national economy, advance economic integration with Africa, unlock new growth avenues for the Egyptian and African private sectors, and reinforce the role of the capital market as an efficient platform for financing and investment, thereby expanding opportunities for sustainable growth.
The cooperation aims to facilitate the exchange of expertise and information, promote financial literacy and investment awareness, and highlight the benefits of listing on the stock market. It also seeks to support Egyptian companies—particularly small and medium-sized enterprises—in accessing diversified financing channels through the capital market, while advancing digital transformation and financial technology adoption.
Dr. Islam Azzam, Executive Chairman of The Egyptian Exchange (EGX), stated that the signing of the cooperation protocol with the Egyptian African Businessmen’s Association (EABA) represents a significant step toward strengthening economic and investment partnerships between the two sides, supporting economic integration with African countries, and contributing to the advancement of the financial and business community in support of the national economy.
EGX Chairman highlighted the pivotal role played by EABA in opening new avenues of cooperation between the Egyptian private sector and its African counterparts. He emphasized that this collaboration reflects a shared vision to develop the financial markets and strengthen the role of the stock exchange as an effective platform for financing and investment.
Dr. Islam added that the protocol covers a number of key executive areas, foremost among them the promotion of corporate listings on EGX, the enhancement of financial inclusion, and the support of digital transformation and financial technology. The agreement also focuses on fostering a culture of financial literacy by familiarizing the business community with the benefits of listing, governance standards, and disclosure requirements.
Dr. Azzam explained that the areas of cooperation include providing technical support to listed companies, as well as to companies seeking to list, and enhancing institutional capacities through training programs and specialized workshops. The cooperation also extends to engaging Association members in EGX’s conferences and events, with a view to promote the principles of sustainable, long-term investment. He further underscored the importance of EGX’s ongoing efforts to attract foreign investment and open new markets for Egyptian companies, particularly across African markets.
In the same context, Dr. Yousry Elsharkawy, Chairman of the Egyptian African Businessmen’s Association (EABA), praised the cooperation with The Egyptian Exchange, noting that the protocol reflects the Association’s commitment to support the business environment and expand investment opportunities. He emphasized that the agreement will help enable Egyptian companies to leverage the capital market as a key tool for growth and expansion, while highlighting the importance of exchanging information, data, and expertise between both parties—particularly with respect to legislation, investment policies, and opportunities available in regional and international markets.
Both parties concluded by affirming that the protocol represents a significant step toward broadening economic and investment cooperation, strengthening institutional coordination among state entities, and providing mutual support to achieve the objectives of sustainable economic development in Egypt and across Africa, while enhancing the presence of Egyptian companies in African and regional markets.