Egypt’s Minister of Planning and International Co-operation Rania el-Mashat, who is also Board Chairperson of the National Investment Bank (NIB), met on Friday senior officials at the bank, including Ashraf Negm, Board Vice Chairman and Managing Director, and Dalia Mustafa, Assistant Managing Director for Investment and Resources.
During the meeting, Mashat applauded the significant development achieved by the bank over the past period. She stressed the government’s keenness to move forward with the plan to develop and restructure the NIB, to maximise its role as one of the economic and investment arms that support Egypt’s Vision 2030.
Mashat said that the current period requires more work and joint effort to prop up the local economy.
She said that the NIB has great capabilities that qualify it to play a greater role in supporting this trend. At the same time, she said the government attaches great importance to developing industrial sector and human resources due to their vital role in advancing the national economy.
Mashat emphasised the role of the NIB in promoting public investment and enhancing its efficiency to support social development in Egypt.
For his part, Ashraf Negm, NIB Vice Chairman and Managing Director, stressed that the bank has witnessed a major change over the past few years to support the development process nationwide.
During the meeting, Mashat was briefed on a detailed report about the bank’s sectors and their performance, especially with regard to the investment and resources, the bank’s investments in affiliated companies, and various economic activities that support development efforts in the country.
Mashat listened to a presentation on the continuation of the comprehensive digital transformation project in the bank, and the development and automation of the accounting system.
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