Will Egypt be the locomotive of the African economy?

There is a necessity and utmost importance to enhance cooperation between Egypt and its brothers in the African continent in all fields, especially economy and development. This is to complete its active role in its regional environment, achieve African integration, revitalize trade between the countries of the brown continent, and integrate it into the global trade system.

Egypt seeks to become the locomotive of the African economy. It operates on two levels; the first is to localize and develop basic industries, and the second is expanding into new markets. Therefore, Egypt currently seeks to expand its exports into the African market, through the application of a package of logistical facilities and shipping procedures, especially with the promising opportunities that the African market enjoys.

President Abdel Fattah Al-Sisi always called for achieving economic integration with the countries of the African continent, including exchanging experiences and benefiting from the Egyptian experience in the areas of infrastructure such as roads and energy. The president also aspires to achieve maximum benefit for the Egyptian side from the available resources and investment opportunities in the African countries and focuses on enhancing the role of women in the trade as well as payment settlement mechanisms. Therefore, he always stresses the importance of efforts to enhance the benefit of joint small and medium enterprises between Egypt and African countries.