By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    Egypt starts trial operation of ‘Iqat’ gold mine: Minister of Petroleum 
    Egypt starts trial operation of ‘Iqat’ gold mine: Minister of Petroleum 
    March 22, 2023
    Egypt aims to attract 30 million tourists in 2028: Tourism Minister
    Egypt aims to attract 30 million tourists in 2028: Tourism Minister
    March 22, 2023
    KOICA holds final consulting workshop on enhancement of public e-procurement project in Egypt
    KOICA holds final consulting workshop on enhancement of public e-procurement project in Egypt
    March 22, 2023
    CIB general assembly approves issuance of financial instruments worth $1bn 
    CIB general assembly approves issuance of financial instruments worth $1bn 
    March 22, 2023
    BSH Home Appliances to invest €50m in state-of-art factory in Cairo
    BSH Home Appliances to invest €50m in state-of-art factory in Cairo
    March 22, 2023
  • Politics
    PoliticsShow More
    Drought caused 43,000 deaths in Somalia in 2022: UN
    Drought caused 43,000 deaths in Somalia in 2022: UN 
    March 22, 2023
    Opinion| The Chinese dragon occupies America's place in the Middle East
    Opinion| The Chinese dragon occupies America’s place in the Middle East
    March 22, 2023
    Al Azhar University partners with Google to empower students with latest learning solutions
    Al Azhar University partners with Google to empower students with latest learning solutions
    March 22, 2023
    Irrigation Minister discusses international cooperation with UNGA President
    Irrigation Minister discusses international cooperation with UNGA President 
    March 22, 2023
    Luxor hosts conference on climate change: Shoukry
    Luxor to host conference on climate change: Shoukry
    March 22, 2023
  • Interviews
    InterviewsShow More
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    Government should help Egyptian arts revive its pioneering role: Omar Abdel Aziz
    March 15, 2023
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    Interconnected healthcare systems in Africa require political will from North African leaders: Amref official
    March 12, 2023
    EGX ready for government’s IPOs programme: Chairperson
    EGX ready for government’s IPOs programme: Chairperson
    February 15, 2023
    British International Investment invests $4.5bn in 700 businesses across Africa: Sherine Shohdy
    February 15, 2023
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    Valeo has invested around €0.5bn in Egypt over the past 10 years: CEO
    December 27, 2022
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Egypt, Afreximbank discuss strengthening cross-border trade in Africa
Share
Notification
Latest News
Drought caused 43,000 deaths in Somalia in 2022: UN
Drought caused 43,000 deaths in Somalia in 2022: UN 
Region Politics
Opinion| The Chinese dragon occupies America's place in the Middle East
Opinion| The Chinese dragon occupies America’s place in the Middle East
Politics Opinion World
Egypt starts trial operation of ‘Iqat’ gold mine: Minister of Petroleum 
Egypt starts trial operation of ‘Iqat’ gold mine: Minister of Petroleum 
Business
Egypt aims to attract 30 million tourists in 2028: Tourism Minister
Egypt aims to attract 30 million tourists in 2028: Tourism Minister
Tourism
KOICA holds final consulting workshop on enhancement of public e-procurement project in Egypt
KOICA holds final consulting workshop on enhancement of public e-procurement project in Egypt
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Trade > Egypt, Afreximbank discuss strengthening cross-border trade in Africa
Trade

Egypt, Afreximbank discuss strengthening cross-border trade in Africa

Daily News Egypt
Last updated: 2020/12/26 at 5:03 PM
By Daily News Egypt 4 Min Read
Share
Egypt, Afreximbank discuss strengthening cross-border trade in Africa
SHARE

Egypt’s Minister of Trade and Industry Nevine Gamea has held a digital meeting with President of the African Export and Import Bank (Afreximbank), Benedict Oramah, to discuss strengthening cross-border trade in the continent.

During the meeting, the two sides also reviewed the bank’s current and future projects and programmes in the Egyptian market, in addition to the bank’s role in supporting African economies to face the negative effects of the novel coronavirus (COVID-19) pandemic.

Gamea stressed the government’s keenness on developing cooperation programmes, joint projects, and partnerships, with the bank at the governmental and business levels. This comes particularly as the bank is one of the main financing institutions in Africa.

The minister noted the importance of concerted efforts by countries across Africa to achieve continental economic integration, and face the current global economic challenges.

She said that the meeting dealt with the bank’s current and future initiatives in Africa, which included the organisation of the second session of the African Intra-Trade Exhibition which will be held in the Rwandan capital Kigali during the month of September 2021.

Egypt, represented by a number of ministries, government agencies, as well as the banking and private sectors, seeks to successfully participate in the exhibition in a way that guarantees the promotion of all Egyptian initiatives. It is hoped that the exhibition will also help present the modern image of Egypt to African visitors, in order to reinforce the country’s pioneering role in the continent.

She indicated that the bank aims to spread awareness of its initiatives, and assess the extent to which the Egyptian private sector benefits from the bank’s initiatives and platforms.Most importantly, the initiative also looks to establish supply chains across the continent for cars.

Gamea said that her ministry had proposed to Afreximbank that it will provide training programmes for professionals from across Africa.

This would take place with the aim of forming links between government officials and representatives from Africa’s private sector.

This would ensure maximum benefit from the positive role that these professionals could play as ambassadors for Egypt’s role and its industry in the continent.

The minister added that the two sides discussed the bank’s initiative to establish African export companies in light of the field work it conducted in a number of African countries, including Egypt. This occurred via holding preparatory meetings with a number of government agencies and the private sector.

For his part, Oramah affirmed his bank’s keenness to support Egyptian companies against the negative repercussions of the coronavirus.

This support would extend to helping them strengthen their commercial relations with their partners across Africa.

He pointed out that the bank is currently working to prepare an initiative to establish the African Trade and Investment Promotion Agency, which will set up a coordinated African system for trade and investment promotion.

The agency will also be involved in developing investment strategies, pushing African supply chains, providing capacity-building services for investment promotion agencies, and changing investors’ view of Africa. With the aid of technological platforms, these efforts will work towards changing the general view of Africa into a continent that is an important investment site.

You Might Also Like

IMF reaches staff-level deal with Somalia

Climate change: farmers in Ghana can’t predict rainfall anymore, changing how they work

Toyin Falola: 3 recent books that explain the work of Nigeria’s famous decolonial scholar

54% decrease in Egypt’s trade deficit in December 2022

Engineering Export Council launches trade mission to Congo including 15 companies

TAGGED: Afreximbank, africa, African Export and Import Bank, Ministry of Trade and Industry, trade
Share this Article
Facebook Twitter Email Print
Previous Article A general view of the Egyptian Exchange (EGX) in Cairo August 18, 2013. Egypt's stock market fell sharply on Sunday as it resumed trading after hundreds of people were killed in a crackdown by the army-backed government on supporters of the Muslim Brotherhood. Banks and the stock market reopened for the first time since Wednesday's carnage, with shares rapidly falling 2.5 percent. Mutant coronavirus fears impose state of uncertainty in Egyptian Exchange
Next Article Egypt's House of Representatives Newly elected MPs under individual system to receive membership cards this week
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

Drought caused 43,000 deaths in Somalia in 2022: UN
Drought caused 43,000 deaths in Somalia in 2022: UN 
Region Politics
Opinion| The Chinese dragon occupies America's place in the Middle East
Opinion| The Chinese dragon occupies America’s place in the Middle East
Politics Opinion World
Egypt starts trial operation of ‘Iqat’ gold mine: Minister of Petroleum 
Egypt starts trial operation of ‘Iqat’ gold mine: Minister of Petroleum 
Business
Egypt aims to attract 30 million tourists in 2028: Tourism Minister
Egypt aims to attract 30 million tourists in 2028: Tourism Minister
Tourism
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?