Officially, the Egyptian African Businessmen’s Association (EABA) has concluded a partnership with the USAfricTrade Commission through the signing of a Memorandum of Understanding (MoU). The agreement was signed by Dr. Yousrey El Sharkawi, Chairman of the EABA, and Mr. Titus Oluwokere, CEO of USAfriTrade, with the aim of enhancing our commitment to promoting growth, innovation, and collaboration between the United States, Egypt, and Africa, particularly focusing on African markets.
This MoU represents a significant milestone in advancing our joint efforts to drive economic development, expand market access, and strengthen the business environment across Egypt, the U.S., and African countries. The collaboration between the two entities will focus on a wide range of areas, including economic and trade development, cultural exchange, awareness initiatives, as well as education and skill development.
The cooperation will encompass social and community development initiatives, as well as support for entrepreneurship and business development. Both parties will explore opportunities for joint business ventures and investment initiatives that will benefit both sides. They will also collaborate on knowledge sharing to facilitate the transfer of information, expertise, and best practices, thereby enhancing business capacities and increasing the competitiveness of their members. Networking events, such as conferences, seminars, and business forums, will be organized to provide platforms for members to connect and build relationships. Moreover, the partnership will focus on boosting bilateral trade and investment between the regions, fostering economic growth and development. The cooperation will also include training programs and capacity-building initiatives aimed at enhancing the skills and knowledge of members and promoting sustainable business practices.
The Egyptian African Businessmen’s Association (EABA) has held a strong position and broad influence across the African continent for many years, playing a pivotal role in promoting business opportunities and supporting economic ties. The association’s impactful achievements and influence in Egypt and Africa make it a key partner in this trilateral cooperation.
The official signing took place during a Zoom meeting yesterday, where, on behalf of the commission, Mr. Titus Oluwokere, Dr. Davison Jomo, Chairman of the Commission, and Mr. Emilio DeJesus, a member of the Board of Governors, met with Dr. Yousrey El Sharkawi to discuss the details of the partnership and review the strategic initiatives that will follow.
It was an honor to coordinate the signing of the Memorandum of Understanding between the USAfricTrade Commission and the Egyptian African Businessmen’s Association, which marks an important step in our shared efforts.
Dr. Yousrey El Sharkawi, Chairman of EABA, emphasized the association’s aim to strengthen cooperation with strategic partners through collaboration agreements, pointing out that the business community in America, including the private sector, needs to open up to opportunities in the African market. El Sharkawi added that with the association’s presence on the African side, joint projects and investment systems that benefit both parties will be pursued. He also clarified that part of this cooperation includes working with banks and multilateral financing entities to support infrastructure projects in Africa. El Sharkawi confirmed that the association will undertake awareness efforts and organize joint visits between the American business community interested in African affairs, in addition to organizing visits to promote Egyptian and African products in the U.S. market.
We look forward to a promising future, working together to create new opportunities and pave the way for a brighter future for businesses across the United States, Egypt, and Africa. We believe that the fruitful cooperation between the two entities will contribute to creating a thriving business environment, and we are excited about the bright future that will enhance economic and social development in these three regions