Egyptian Investments in African Markets Have Reached $8 Billion: Egypt's PMSource: www.export-egypt.com 12/11/2018, Location: Africa |
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Egyptian Prime Minister Mostafa Madbouly said that Egyptian companies' investments in African markets have reached $8 billion, state news agency MENA reported.
The PM's comments came during the inauguration of the first Intra-African Trade Fair (IATF 2018), which kicked off in Cairo. The minister said that these investments have created tens of thousands of job opportunities in the construction, infrastructure, mining, agriculture, communication and information technology domains. Madbouly also highlighted that Egypt's trade with African nations hit around $5 billion, and the country plans to increase this figure over the coming five years. Meanwhile, the head of the Export Promotion Authority Sheren Shorbagy announced at the inauguration the signing of 10 cooperation agreements, without revealing the details. The fair is organised by the Egyptian Ministry of Trade and Industry in cooperation with the African Export and Import Bank and the African Union. The fair will include discussion sessions where several ministers and senior officials and investors will take part. |
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