Bank NXT, a leading provider of integrated retail and corporate banking solutions in Egypt, in collaboration with Bank NXT Foundation for Community Development, has signed a strategic partnership with Elsewedy Technical Academy (STA) to sponsor 52 students across three academic classes over a three-year period. The partnership comes as part of the bank’s ongoing commitment to supporting technical education in electrical engineering technology and programming, and to equipping young people with future-ready skills aligned with labor market needs.
The initiative reflects Bank NXT’s firm belief in the pivotal role of high-quality technical education in driving economic development. Through this sponsorship, students will gain access to advanced technical training programs designed to prepare them to contribute effectively to vital industrial sectors and the energy industry.
The agreement was signed by Tamer Seif El-Din, Chief Executive Officer and Managing Director of Bank NXT, and Ahmed Elsewedy, Chairman of the Board of Trustees of Elsewedy Electric Foundation, in the presence of Iman Badr, Deputy CEO for Retail Banking, Marketing, and Financial Inclusion at Bank NXT, Amr Gamali, Deputy CEO Business, and Hanan El Rihany, Secretary General and CEO of Elsewedy Technical Academy, alongside senior representatives from both entities.
Commenting on the partnership, Tamer Seif, CEO and Managing Director of Bank NXT, said: “At Bank NXT, we firmly believe that investing in education, particularly technical and applied education, is a direct investment in Egypt’s future. Our collaboration with Elsewedy Technical Academy, through both the bank and its foundation, is aligned with our objectives to provide students with practical skills, knowledge, and opportunities that enable them to become active and impactful contributors to the national economy.”
He added that the initiative falls within the bank’s comprehensive sustainability and social responsibility strategy, which focuses on supporting education, empowering youth, and creating long-term social impact, in line with the Central Bank of Egypt’s CSR framework.
For his part, Ahmed Elsewedy, Chairman of the Board of Trustees of Elsewedy Electric Foundation and Chairman, stated: “We are proud of this partnership with Bank NXT and its foundation to support and qualify young technical talent. emphasizing that the collaboration reflects a shared commitment to bridging the gap between technical education outcomes and labor market requirements. The initiative reinforces the importance of technical education as a key pillar of sustainable development, with a strong focus on practical training and the adoption of modern technologies to strengthen industry and the national economy”.
Through this partnership, Bank NXT and Bank NXT Foundation reaffirm their commitment to maximizing social impact and building skilled human capital capable of meeting the needs of Egypt’s key economic sectors and supporting the country’s vision for inclusive and sustainable growth.
