Egypt's Minister of Finance Ahmed Kouchouk said that the state, with its leadership, capabilities, and growing economy, will continue to serve as a key gateway for African nations to European and Asian markets, a statement said. Speaking at Africa Summit London 2025, Kouchouk called for a unified African voice in global forums to meet the continent's development needs. Africa's future will be shaped by a vision that meets its challenges and aspirations, he stated. Kouchouk stressed the importance of unlocking Africa's vast potential and converting it into promising investment opportunities to drive growth and development. He noted that shifting dynamics in the global economy require African nations to realign their priorities at the continental level. He emphasised that the African private sector must play a leading role in driving economic and developmental integration. He emphasised the need for increased collaboration among African nations to create competitive economies and a continent-wide investment-friendly environment for sustainable growth. The minister also pointed to Egypt's growing role as a regional hub for green hydrogen production, energy security, industrial outputs, and food security across Africa. He noted that foreign investments are increasingly flowing into Egypt, particularly in renewable energy, logistics, and manufacturing. Kouchouk emphasised Egypt's collaboration with the business sector in driving and executing economic reforms supported by global partners. The private sector plays a central role in Egypt's structural reform plan, contributing more than 60 per cent of total investments in the first nine months of the previous fiscal year. He reaffirmed Egypt's commitment to fostering a business climate conducive to expanding production, manufacturing, and exports. He noted that fiscal indicators have improved and that 20 tax reforms have been implemented to build trust with the business community. The minister highlighted that Egypt's policy framework is built on striking a balance between economic stimulation and fiscal discipline to achieve strong, sustainable, and private-sector-led growth. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
