Last night, Cairo witnessed a conference and an expanded meeting between the Egyptian-African Businessmen Association, Mahgoub Awlad Group, and the owner of the Sudanese economic channel S24. In order to sign a joint cooperation protocol aimed at covering, promoting, and linking the Egyptian and Sudanese private sector community, It aims to work together within the African community.
The agreement was signed by Dr. Yousrey Elsharkawi, chairman of the Egyptian-African Businessmen Association, Dr. Wagdy Al-Mirghani, Chairman of the Board of Directors of Mahgoub Sons Group, In the presence of the ambassadors of Sudan and Senegal, and some public figures, and the elite business community in both countries, and a number of media men and press in the two countries, ElSharkawi emphasized during his speech, The signing of the cooperation protocol stems from the association’s desire and constant keenness to cooperate with institutions that support the African economy, And deepening friendship between the countries of the continent.
Elsharkawi added that the agreement today stems from the common desire between the two parties to cooperate. In many areas of the business community in Egypt and Sudan, Emphasizing that this achieves the objectives that are in line with the strategies of the association, It contributes to the implementation of modern projects to raise the African economic performance. Highlighting outstanding projects that keep pace with global development, Elsharkawi praised the efforts of those in charge of the Egyptian-African Businessmen Association; Encouraging them to launch initiatives aimed at promoting economic work on the continent.
Dr. Wagdy Al-Mirghani Chairman of the Board of Directors of Mahgoub Sons Group, said, The signing of the cooperation agreement between the group and the Egyptian-African Businessmen Association, It came to our belief in the role of the group in strengthening the economy, Being one of the best companies in Sudan, Al-Mirghani welcomed the signing of the protocol. Pointing out that it will lead to a strong partnership between the two parties, for the benefit of both peoples, It opens up huge investment prospects.
the Sudanese journalist, Jihad Hussein, confirmed, The Sudanese 24 Company is keen to implement this agreement as soon as possible; in order to achieve the continent’s economic goals, He also thanked the chairman of the Egyptian-African Businessmen Association and members of its board of directors, and Sudanese 24 Company, On this agreement, which establishes a strong partnership that serves both sides, It also directly serves the African community.
The wish of Al-Marghani confirmed, Head of the Planning and Strategy Department at Mahgoub Awlad Group, That this step is very important; To boost the Sudanese and Egyptian economy, The agreement is expected to contribute to increasing the volume of trade exchange between the two countries. exchanging ideas and visions; To help companies and investors in both countries.
Elsharkawi and Al-Mirghani opened the door to receiving questions from journalists. The answers to the questions included several topics. Explaining that the agreement provides for the establishment of a strategic partnership between the two sides, launching a joint media channel; To create a modern economic ideology for joint African action, By launching a weekly TV show, Presented by Dr. Yousrey Elsharkawi, Professor Jihad Hussein.
Elsharkawi and Hussein inaugurated The first episode of the show, Which is scheduled to deal with the news of the Egyptian and Sudanese economy, and discuss various economic issues, In addition to commenting on current topics in this context, Believe in the role of the specialized economic media in updating the mental image of the inputs of the Egyptian, Sudanese and African economies.
The two parties agreed to set up an Egyptian-Sudanese economic forum. to be a monthly forum, Each month deals with a specific topic. 23 to 30 businessmen from both parties are invited to these forums; To establish effective long-term relations of dialogue and cooperation between the two sides, providing information and assistance, and support in various economic sectors, This comes from the direction and unity of the Egyptian and Sudanese business community from the private sector, in coordination with the government of the two countries. To maximize the benefit of the Nile Valley economy in light of global economic challenges, to enter the African depth.
The cooperation agreements signed by the Egyptian-African Businessmen Association target Providing services and support to all its members and the countries of the entire continent, It seeks to achieve its vision and objectives; for the development and development of the African economy.
It is noteworthy that the volume of trade exchange between Egypt and Sudan, Significant increase by the end of 2021, The volume of trade exchange amounted to about 1.2 billion dollars. While it was $711.4 million in 2020, an increase of 63.5%, The signing of this agreement is expected to contribute to enhancing the volume of trade exchange between the two countries.
It is worth mentioning that the Mahjoub Sons Group was founded by the late Al-Mirghani Mahjoub, born in 1925. It is one of the leading companies in the agriculture and food industry in Sudan today. The group initially focused on the agricultural sector. Since then, it has expanded to include various sectors and industries, to media and television productions. By owning 8 business units in 5 different industries, Mahgoub Awlad Group has managed to position itself as a leader in the Sudanese business community.
