The event opened in Cairo, with the
participation of Angolan ministers and a host of businessmen from both
countries.
Cairo- Mar 31, 2022
Organized by the African
Export-Import Bank (Afreximbank), Egypt-Angola Investment Roundtable opened
today in Cairo, with the participation of Angolan ministers of foreign affairs,
youth and sports, head of Afreximbank, and director-general of the bank’s
Intra-African Trade Initiative, along with a host of businessmen from both
countries.
“The Egyptian government seeks to further
deepen economic cooperation with the world, and African countries in particular,”
said Yahya Elwathik Bellah, head of the Egyptian Commercial Service, in a
speech delivered on behalf of Minister of Trade and Industry Nevine Gamea.
The event, she noted, comes within
a national drive to maximize Egypt’s presence on the Dark Continent, by boosting
its investments and export access to African markets, as part of the ultimate
goal of an annual $100 billion in exports.
The minister added that despite close
relations between Egypt and Angola, there is much work to be done to increase
their bilateral trade, which registered $20 million in 2021- with Egyptian
exports amounting to $19.3 million.