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FINANCIAL NEWS
Egypt to invest more into African countries
18 Feb 2016
(MENAFN) Egyptian investors are looking more bays into the markets of neighboring African nations under the restrictions established by the framework of the Common Market (COMESA).
Accordingly, Egypt will inaugurate new representational offices in five African countries this year to promote its national products in African markets, particularly COMESA.
In addition, the government plans for an increased presence in African markets as supplement loses it faced in Arab countries, which have been negatively affected by political events.
Trade between Egypt and COMESA countries in 2014 valued almost USD 2.7bn, while Egyptian exported goods worth more than USD 2bn involving plastic products.
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