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Egypt-Rwanda business forum kicks off in Cairo
16 May 2022  -  Sector :  -  Entity :  -  Category : Industry News

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Over 100 Rwandan companies have taken part in the event.

Cairo- May 16, 2022

The Egypt-Rwanda Business Forum has opened today in Cairo, with the participation of 100 Rwandan companies, and in the presence of Rwandan Deputy Minister of Trade Antoine Kajangwe, ambassador of Rwanda in Cairo and head of the Rwandan Private Sector Federation.

Sherif al-Gabali, head of the African Cooperation Committee at the Federation of Egyptian Industries (FEI), and Khaled Abdel Azim, executive director of the FEI, also took part in the event.

“Egypt and Rwanda enjoy deep, strong ties of major geopolitical importance, both being Nile Basin countries,” Minister of Trade and Industry Nevine Gamea said, in a speech delivered by Ibrahim al-Seggini, assistant minister for economic affairs.

She stressed the need to boost bilateral trade, which amounted to $40 million in 2020, to better exploit the huge potentials of the two markets, noting that the Rwandan business delegation’s current visit to Cairo is a good opportunity for that.

The minister further called Rwandan businesses to benefit from Egypt’s industrial development initiatives, including: establishing industrial parks and launching a Green Economy strategy.

Moreover, a series of B2B meetings were held between Egyptian and Rwandan companies on the sidelines of the forum, to discuss expanding cooperation in the fields of pharmaceuticals, textiles, ready-made garments, building materials and cosmetics.

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