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Gamea, Afreximbank head discuss boosting trade among African countries
26 December 2020  -  Organization :  -  Sector/Entity :  -  Category : General

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The meeting dealt with preparations for the coming Intra-African Trade Fair (IATF) to be held in Rwanda next September.

Cairo- December 26, 2020

Minister of Trade and Industry Nevine Gamea has held a virtual meeting with Benedict Okey Oramah, president of the African Export–Import Bank (Afreximbank), where they explored the bank’s current and future projects in Egypt, and its role in supporting African economies to face the repercussions of the coronavirus pandemic.

The meeting also dealt with preparations for the coming Intra-African Trade Fair (IATF) in Rwanda next September, as well as the bank’s initiative to establish African export companies.

“The government is keen to develop cooperation programs, and joint projects with Afreximbank both at the governmental and business levels, being one of the main financing institutions in Africa,” Gamea said.

She further stressed the need for African countries to make concerted efforts in order to achieve continental commercial and industrial integration, and face the current global economic challenges.

Oramah, for his part, affirmed the bank’s commitment to supporting Egyptian companies in face of the negative impacts of the pandemic and to helping them strengthen their commercial relations with partners on the Dark Continent.

He noted that the bank is currently working on an initiative to establish an African trade and investment promotion agency that aims to introduce Africa as an important investment destination, through developing investment strategies, enhancing African supply chains and providing capacity-building services.

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