France's economy expands on service, inventories    Cairo Airport running smoothly after outage – Cabinet    Egypt, France airdrop aid to Gaza amid growing humanitarian crisis, global criticism of Israel    Supply minister discusses strengthening cooperation with ITFC    Egypt launches initiative with traders, manufacturers to reduce prices of essential goods    SCZONE chief discusses strengthening maritime, logistics cooperation with Panama    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Egypt reviews health insurance funding mechanism to ensure long-term sustainability    Gaza on verge of famine as war escalates, ceasefire talks stall    Gaza crisis, trade on agenda as Trump hosts Starmer in Scotland    Egyptian president follows up on initiatives to counter extremist thought    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Egypt will keep pushing for Gaza peace, aid: PM    I won't trade my identity to please market: Douzi    Egypt welcomes 25-nation statement urging end to Gaza war    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    58 days that exposed IMF's contradictions on Egypt    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



Egypt developing sustainable strategies for African investment, trade integration: GAFI Head
Published in Daily News Egypt on 14 - 05 - 2025

Egypt's government is currently developing sustainable strategies to facilitate investment flows and trade among African nations, aiming to create integrated partnerships with key players on the continent, including Morocco, to boost intra-African investment and trade, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI).
Heiba made these remarks during his participation in the "Connecting Markets to Build the Future" conference, organised by Attijariwafa Bank to strategise on investment and trade integration among African countries.
He outlined the Egyptian government's plan to continue improving the investment environment. Key to this is the anticipated launch of the first version of a unified electronic licensing platform within days. This platform will connect entities responsible for issuing necessary approvals for investor license applications, consolidating the point of contact for investors and simplifying licensing procedures.
The conference was attended by Hala El-Said, Advisor to the President for Economic Development; Mouawia Essekelli, Managing Director of Attijariwafa Bank Egypt; Ismail Douiri, Co-CEO of Attijariwafa Bank Group; Hazem Enan, Vice Chairman of the Industrial Development Authority; Hani Berzi, Chairperson of Edita Food Industries; Moustapha Cissé, Deputy CEO of Senegal's Investment Promotion Agency (APIX-S.A.); and Amedeo Abunaw, Deputy General Manager of Cameroon's Investment Promotion Agency.
Abunaw highlighted Cameroon's investment advantages, noting its membership in several economic blocs that facilitate trade and investment with neighbouring countries, such as the Economic Community of West African States (ECOWAS) and the African Continental Free Trade Area (AfCFTA). He also pointed out Cameroon's role as a major trade hub in West Africa due to its shared borders with landlocked countries like Chad and the Central African Republic. Abunaw praised Attijariwafa Bank's initiative to establish the "Africa Development Club" in Egypt, Cameroon, and other African nations, stating such initiatives provide a conducive environment for exchanging views, experiences, investment opportunities, and developments, thereby facilitating investment and trade flows across the continent.
Cissé invited the Egyptian business community to explore investment opportunities in Senegal, particularly in food processing and preservation, natural gas production and distribution, digital transformation, tourism, and pharmaceuticals. He noted these sectors require significant investment in Senegal, and Egypt possesses considerable expertise in managing them. Mr Cissé affirmed Senegal's political leadership's desire to attract Egyptian investments and exports, acknowledging Egypt as the first country to recognise Senegal's independence. Consequently, APIX-S.A. plans to hold a Senegalese-Egyptian investment forum in Dakar as soon as possible, in coordination with GAFI, to agree on targeted sectors for investment partnerships.
Berzi, Chairperson of Edita Food Industries, commended the role of export councils and foreign trade exhibitions affiliated with the Ministry of Investment and Foreign Trade in supporting Egyptian businesses looking to export to African countries. He stated that African countries currently account for 15% of Egyptian exports, a figure that can be increased through better studies of consumer preferences in each country, intensified presence of financial institutions guaranteeing exports and investments in Africa, improved infrastructure and logistics connecting the continent's nations, and forming bilateral and multilateral partnerships with local partners in targeted countries to overcome bureaucratic hurdles, government regulations, or challenges related to distribution network efficiency.


Clic here to read the story from its source.