Egypt eager for East, South African investment: Sisi
President Abdel Fatah al-Sisi - YOUM7

CAIRO: President Abdel Fatah al-Sisi said Egypt is striving to increase trade with Eastern and Southern Africa, in a meeting with a delegation from Business Council of the Common Market for Eastern and Southern Africa (COMESA) Sunday at the Ithadeya Palace.

The president, Minister of Trade and Industry Mounir Fakhry Abdel Nour and Minister of Investment Ashraf Salman met with council head Dr. Amani Asfour, as well as members from East and Southern African countries, presidential spokesperson Alaa Youssef stated Monday.

Sisi said Egypt is “seeking to create a suitable climate to enhance trade and investment between the bloc’s member countries, by overcoming any difficulties or disputes among African states,” and noted that Egypt and Ethiopia are actively engaged to solve the issue of the Grand Ethiopian Renaissance Dam.

An economic summit planned for February will now be held in March to avoid coinciding with the Chinese New Year, Minister of Finance Hani Kadry announced at a Saturday press conference.

Saudi Arabia called for the upcoming summit in June following the election of President Sisi, and invited “friends of Egypt” to support its economy. Sisi then embraced the idea and announced the Red Sea resort of Sharm el-Sheikh as the host of the summit.

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