Dr. Yousrey ElSharkawi, chairman of the Egyptian-African Businessmen’s Association, participated in the holding of the Investment Horizons Conference in Egypt and Africa to present safe investment opportunities and achieve sustainable development
The conference was attended by a number of ambassadors of Arab and African countries, representatives of the Egyptian Ministry of Foreign Affairs, the Egyptian commercial representation sector, experts and professors of economics, many media outlets, businessmen, and investors in Egypt. The conference was held in Cairo yesterday morning, October 31, 2022, organized by some private sector entities and organizations
Dr. Yousrey Elsharkawi, during his speech with the participation of the State of Sudan, Uganda and South Africa, stressed the importance of the role of the Egyptian private sector in adopting a sincere vision to enter the African continent, whether through the axis of intra-trade or intra-investment, especially that the greatest support he currently receives is the availability of the political will of the Egyptian state with full support for the Egyptian work The common African, which must double in the near future, because the figures reflect the low levels of intra-African trade between Egypt and the countries of the continent, where the volume of trade exchange did not exceed 7 billion dollars, most of them centered in North African countries. And the volume of Egyptian investments in the continent reached 11 billion dollars and the volume of investments The African Union in Egypt has reached a barrier of 3 billion dollars, and the two figures do not at all reflect the volume of investment and commercial opportunities available on the land of the continent compared to the relations of the outside world with the continent in trade and investment.
Elsharkawi pointed out that the Egyptian-African Businessmen Association, through its offices around the continent, as well as the work of 22 specialized quality committees in various sectors of the economy, has created momentum in communication, follow-up and linkage with the African financial and business community, and worked through modern means of communication and a plan of activities and systematic events to reach To categories, classes and the largest possible size of the African financial and business community and even the level of consumers, which was reflected in the association’s reception of the largest Nigerian trade and investment mission that had not occurred in the past 60 years, led by 3 “federal” ministers, the Nigerian Minister of Housing and Labor and the Nigerian Ministers of Trade, Industry and Irrigation, This resulted in some commercial deals between private sector companies in the two countries, and the Nigerian state of Kaduna requested the assistance of consultancy expertise and the Egyptian contracting sector in re-planning the state, which lies between Kano and Abuja.
Elsharkawi expressed his confidence in the local financial and business community in the tireless work to complete the road map in strengthening Egyptian-African relations, and that the state of hard work and trust that was built in a short period of intensive work and activities brought impressive results, which encouraged many African countries to request visits and trade missions Immediately, Cairo (Association) will receive the delegation of the Zambian Development and Investment Agency (ZDA) on November 21, as well as the delegation of the Mauritius Economic Planning Board (EDB), and each party in the two countries will be accompanied by an extensive delegation of businessmen, private sector companies, importers and traders from the two countries, with the aim of Strengthening and discussing investment opportunities and prospects between the two countries