ExxonMobil's Nigerian asset sale nears approval    Argentina's GDP to contract by 3.3% in '24, grow 2.7% in '25: OECD    Chubb prepares $350M payout for state of Maryland over bridge collapse    Turkey's GDP growth to decelerate in next 2 years – OECD    EU pledges €7.4bn to back Egypt's green economy initiatives    Yen surges against dollar on intervention rumours    $17.7bn drop in banking sector's net foreign assets deficit during March 2024: CBE    Norway's Scatec explores 5 new renewable energy projects in Egypt    Egypt, France emphasize ceasefire in Gaza, two-state solution    Microsoft plans to build data centre in Thailand    Japanese Ambassador presents Certificate of Appreciation to renowned Opera singer Reda El-Wakil    WFP, EU collaborate to empower refugees, host communities in Egypt    Health Minister, Johnson & Johnson explore collaborative opportunities at Qatar Goals 2024    Egypt facilitates ceasefire talks between Hamas, Israel    Al-Sisi, Emir of Kuwait discuss bilateral ties, Gaza takes centre stage    AstraZeneca, Ministry of Health launch early detection and treatment campaign against liver cancer    Sweilam highlights Egypt's water needs, cooperation efforts during Baghdad Conference    AstraZeneca injects $50m in Egypt over four years    Egypt, AstraZeneca sign liver cancer MoU    Swiss freeze on Russian assets dwindles to $6.36b in '23    Amir Karara reflects on 'Beit Al-Rifai' success, aspires for future collaborations    Climate change risks 70% of global workforce – ILO    Prime Minister Madbouly reviews cooperation with South Sudan    Ramses II statue head returns to Egypt after repatriation from Switzerland    Egypt retains top spot in CFA's MENA Research Challenge    Egyptian public, private sectors off on Apr 25 marking Sinai Liberation    Debt swaps could unlock $100b for climate action    President Al-Sisi embarks on new term with pledge for prosperity, democratic evolution    Amal Al Ghad Magazine congratulates President Sisi on new office term    Egyptian, Japanese Judo communities celebrate new coach at Tokyo's Embassy in Cairo    Uppingham Cairo and Rafa Nadal Academy Unite to Elevate Sports Education in Egypt with the Introduction of the "Rafa Nadal Tennis Program"    Financial literacy becomes extremely important – EGX official    Euro area annual inflation up to 2.9% – Eurostat    BYD، Brazil's Sigma Lithium JV likely    UNESCO celebrates World Arabic Language Day    Motaz Azaiza mural in Manchester tribute to Palestinian journalists    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Zimbabwe open for business, hopes to boost trade with Egypt: Finance Minister
Egypt and Zimbabwe share a long history dating back to the 1960s, as most Zimbabwean liberation fighters lived and trained in Egypt
Mohamed Samir Published in Daily News Egypt on 06 - 11 - 2022

Abidjan – The Africa Investment Forum is an opportunity for Zimbabwe to attract investments into the country, the country's Minister of Finance and Economic Development, Mthuli Ncube, told Daily News Egypt.
"We had a very successful visit communicating our message that Zimbabwe is open for business, as Zimbabwean President Emerson Mnangagwa said."
Recently, Mnangagwa called on investors to realise the massive investment opportunities in Zimbabwe and shun negative perceptions of risk.
Ncube explained that Zimbabwe has three projects that were showcased in the forum, the first of which is in the steel sector, which received noticeable support from investors.
He added that the second is in the dairy sector and the third is developing a border post in the country's east.
Egypt and Zimbabwe have a long history dating back to the 1960s, as most Zimbabwean liberation fighters lived and trained in Egypt, he affirmed.
"It is a very special relationship that is ongoing, and we look forward to upscaling it on the economic front. When it comes to tourism, we would like to learn a lot from Egypt's expertise in this regard and see Egyptian investors in this sector."
Moreover, he communicated an interest in medical tourism and boosting trade exchange, especially within the context of the African Continental Free Trade Area (AfCFTA).
"Zimbabwe will be taking part in the COP27 in Sharm El-Sheikh, and we look forward to be able to work with Egypt and the rest of the world to maximise opportunities around climate finance and tackle climate change," he affirmed.
The Africa Investment Forum platform is an initiative of the African Development Bank and seven other development institutions, including Africa 50, the Africa Finance Corporation, African Export-Import Bank, Development Bank of Southern Africa, Trade and Development Bank, European Investment Bank, and the Islamic Development Bank.

Clic here to read the story from its source.