• 20:07
  • Wednesday ,12 December 2018
العربية

Egyptian investments in African markets have reached $8 billion: Egypts PM

By-Ahram

Home News

00:12

Wednesday ,12 December 2018

Egyptian investments in African markets have reached $8 billion: Egypts PM

Egyptian Prime Minister Mostafa Madbouly said on Tuesday 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 on Tuesday 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.