The meeting discussed ways of benefiting
from the bank's presence in Africa to
enhance industrial and commercial cooperation between Egypt and African
Cairo- January 13, 2021
Minister of Trade and Industry Nevine
Gamea has met with Hisham Safa, managing director of Attijariwafa Bank in
Egypt, where they discussed ways of benefiting from the bank's financing
programs to enhance the Egyptian presence in African markets.
“The government is keen to increase Egyptian exports to
Africa and open new markets on the continent,” Gamea said, noting that the
bank’s presence in 15 African countries especially in West Africa is a great
opportunity to attain this end.
She pointed to possible cooperation between the bank, the Egyptian Commercial
Service and the export councils in financing Egyptian exports’ access to
African markets, as well as financing the
establishment of joint industrial projects in Africa, which would help enhance
the country’s integration with the continent.
The minister further noted that the bank can also support the industrial
sector in the Egyptian market, through financing small and medium size
Safa, for his part, affirmed the bank’s keenness on enhancing cooperation
with Egypt, being one of the most important investment destinations in the
Middle East and Africa. He added that it is currently working on developing its
loan portfolio and expanding its financing programs for all commercial and
industrial sectors, as well as the business community in the Egyptian market.