• HSBC

Credit Agricole Egypt continues its support to the Key Career Development Center

Since the signing of a memorandum of understanding (MOU) in September 2008 -entailing that Credit Agricole Egypt (CAE) is EJB's Key CDC exclusive banking partner- there has been extensive tangible results.

The Key Program which was only established in Ain Shams University is now operating in four additional universities namely Cairo University, Alexandria University, Fayoum University and Tanta University. CAE's commitment rendered this expansion and allows the program to better achieve its goal of enhancing the nation's labor pool by offering more training facilities and catering to more students. The program trained approximately 12,000 students to this day which marks an increase of 3,257 students in the last quarter.

Key Career Development centre is confident that by June 2009 they will have trained a total of 27,000 students preparing them for the high demand workforce.

"We are delighted that CAE's contribution is allowing EJB's Key Career Development Center to grow at such a rapid pace and provide numerous students across the country with the technical and soft skills which complement the formal education. We look forward to continue being involved in all the Key Program's activities in 2009 and we strongly believe in its commitment to strengthen Egypt's new workforce generation. The bank is determined to support students get employment that boosts the national economy since the community's sustainable development is not only on our agenda but is one of the bank's core values,"


said Henri Guillemin, CAE's Managing Director.

The Key Career Development Center builds up graduates ready for the job market and committed to the community through the services they offer.

The latter includes career counselling -provided to 300 students since September-, exchange programs with reputable universities, entrepreneurship skills -by June 2009. The development center will provide students with: training in Project Management, Marketing and Accounting, internships in local and international companies and ultimately job placement. All training is provided by professional trainers on each respective campus in which the program operates. In order to ensure continuity the development center is keen at staffing full time, part time and volunteers and running several awareness campaigns throughout the year.

"We're very happy to be partners with CAE and achieve these tremendous results. We've already engaged almost 12,000 students in the program and we aim to double this number within 2009. We also have our offices in the universities we operate in and they're all fully equipped with furniture, signage and a computer lab which allows us to involve our students in day to day activities.

Our partnership with the bank is an example of how responsible corporation can have such a remarkable impact on the community," stated Amr Sheira, Key Career Development Center Chairman.

The CAE and EJB's Key Program partnership will foster the program's expansion in Egypt. The bank's contribution will provide the program with a sustainable financial base to continue its work on addressing the gap between the graduates' skills and the skills demanded in the high caliber job market. This will ensure the country's upcoming workforce is capable and empowered.
 
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About CAE
CAE was established when Crédit Agricole SA, a leading global financial institution operating in more than 70 countries, and the Mansour & Maghraby Investment & Development Company (MMID) acquired the Egyptian American Bank and merged the network with Calyon Bank Egypt in September 2006.

Today, CAE's committed team of experts offers a wide range of products and services designed to meet the demands of leading national and regional Corporations, SMEs, and retail clients, as well as high net worth customers. In addition to its network of branches conveniently located throughout the country, Crédit Agricole Egypt offers online banking services for easy access and convenient transactions (www.ca-egypt.com) in addition to its call center (19191) available 24 hours, 7 days a week.

For more information contact:
Rasha Teima at TRACCS Egypt
Tel: (+202) 33046860
Fax: (+202) 33031219

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