Egypt's central bank, the Ministry of Foreign Affairs, and the African Export-Import Bank (Afreximbank) discussed expanding cooperation to strengthen trade, investment, and financing across Africa, while reviewing preparations for the upcoming Africa Business Forum to be hosted by Egypt later this year.
The meeting, held at the Central Bank of Egypt, brought together Governor Hassan Abdalla, Foreign Minister Badr Abdelatty, and George Elombi, President of Afreximbank, as the parties explored ways to deepen economic cooperation and support greater private-sector participation in development projects across the continent.
Discussions focused on enhancing coordination between the three institutions to facilitate Egyptian companies' access to African markets, expand the availability of trade and investment financing, and strengthen the role of the private sector in driving regional economic growth.
The participants also reviewed preparations for the Africa Business Forum, scheduled to take place in Alamein in October, on the sidelines of Egypt's hosting of the Eighth Mid-Year Coordination Summit of the African Union.
The forum is expected to bring together African heads of state, government officials, regional and international financial institutions, business leaders, and private-sector representatives. It aims to serve as a platform for fostering partnerships between governments, financial institutions, and businesses while creating new opportunities for intra-African trade and investment.
Officials said the event is intended to support Africa's economic integration agenda, advance the goals of Agenda 2063, and maximize the opportunities created by the African Continental Free Trade Area (AfCFTA).
Governor Hassan Abdalla reaffirmed Egypt's commitment to strengthening economic cooperation with African countries and praised Afreximbank's role in promoting trade, investment, and sustainable development across the continent.
He added that Egypt will continue supporting the bank's initiatives and programs, citing its contribution to expanding access to financing and accelerating economic development throughout Africa.
Foreign Minister Badr Abdelatty described the partnership between Egypt and Afreximbank as a model for cooperation between African nations and regional financial institutions, highlighting the lender's role in financing development projects and supporting economic integration.
He added that Egypt's hosting of the Africa Business Forum reflects the country's commitment to advancing Africa's development agenda and creating new opportunities for trade, investment, and cross-border business partnerships.
The meeting also included discussions on investment opportunities across African markets, mechanisms to increase the participation of Egyptian companies in infrastructure and development projects, and ways to strengthen financing and investment guarantee frameworks to enhance the competitiveness of Egyptian businesses across the continent.
Follow the latest news on Google News
