Chairman of the Federation of Egyptian Banks Hisham Ezz el Arab signed a memorandum of understanding (MoU) with president of the Congo's banking association and CEO of its third-largest bank BIAC Michel Losembe.

The MoUs aims to promote joint cooperation between the Federation of Egyptian Banks and the Congo's banking association.

This came as part of coordinating efforts to promote ties between the two entities and enhance economic cooperation between the two countries through coordinating with the Foreign Ministry and the Egyptian ambassador in Kinshasa.