The Egyptian-African Businessmen’s Association organized Headed by Dr. Yousrey ElSharkawi, extended conference, Under the title Prospects for the proposed Egyptian-African economic cooperation in light of and after the repercussions of Corona, Via the Zoom app On May 12th.
The Assembly set among the objectives of the conference, Working to support the implementation of digital transformation in the African continent, And setting up an electronic system to communicate with businessmen in Egypt and Africa before any crisis, believing that modern technology is an important requirement in building the next economy.
The conference was attended by Ambassador Majid Abdel Fattah, permanent observer of the League of Arab States to the United Nations in New York. Dr. Amani Abu Zeid, Commissioner for Infrastructure, Energy and Swimming at the African Union, And Dr. “Hossam Abdel-Maqsoud”, Chairman of the Board of Directors of Doah Pharma America – Egypt and a member of the Board of Directors of the Egyptian-African Businessmen Association.
In his speech, El-Sharkawi explained that the African continent is a strong back, a good place, and a haven for investment, and there are still many opportunities in the African continent, despite the presence of some challenges.
He added that the Egyptian Ministry of Investment adopted the slogan “Invest in Egypt, And Invest in Africa” in 2019, and from this slogan we have a comprehensive and complete belief that Africa’s future is a good future that many awaits.
During his speech, he stressed that the EABA, the Egyptian-African Businessmen Association, It has a series of conferences covering many aspects related to the economy and local investment for Egyptians abroad and at home, small and medium enterprises, and many files within the African continent.
He pointed out that they have a file specialized in African women headed by one of the Tunisian businesswomen in the African Women’s Committee in the association. We welcome businesswomen from Egypt and Africa to work and for membership, based on our belief in the file and the role of women in the continent.
ElSharkawi added: “We believe that the infrastructure on the continent and that digital transformation and the banking infrastructure that comes with a strong information infrastructure will help activate the various trade systems and support the implementation of the various free trade agreements within the continent in a way that makes the African market rich with a volume of up to 1.1 billion consumers, It is possible to increase the volume of Egyptian exports to the continent, which imports about 600 billion dollars from all over the world annually.
The conference discussed several axes, including the economic impacts on the peoples of the African continent as a result of the Corona crisis and pandemic. Ways and foundations for supporting the activation of African trade agreements (African Free Trade Agreements) in light of and after the repercussions of the crisis.
He also presented the positive aspects that can be worked on to avoid the effects of the crisis with the African brothers. How to turn adversity into a awarding Especially as the eyes of the world turn to Africa. In light of a global struggle over primary commodities and raw materials.
The audience answered one of the most frequently asked questions in the arena. of which we have presented some of the above, Which is, how can the Egyptian industry create new opportunities by expanding the African partnership in light of the challenges? Does infrastructure, energy and digital transformation have a role in this?