Egypt developing sustainable strategies for African investment, trade integration

Egypt’s government is currently developing sustainable strategies to facilitate investment flows and trade among African nations, aiming to create integrated partnerships with key players on the continent, including Morocco, to boost intra-African investment and trade, according to Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI).

Heiba made these remarks during his participation in the “Connecting Markets to Build the Future” conference, organized by Attijariwafa Bank to strategize on investment and trade integration among African countries.

He outlined the Egyptian government’s plan to continue improving the investment environment. Key to this is the anticipated launch of the first version of a unified electronic licensing platform within days. This platform will connect entities responsible for issuing necessary approvals for investor license applications, consolidating the point of contact for investors and simplifying licensing procedures.

The conference was attended by Hala El-Said, Advisor to the President for Economic Development; Mouawia Essekelli, Managing Director of Attijariwafa Bank Egypt; Ismail Douiri, Co-CEO of Attijariwafa Bank Group; Hazem Enan, Vice Chairman of the Industrial Development Authority; Hani Berzi, Chairperson of Edita Food Industries; Moustapha Cissé, Deputy CEO of Senegal’s Investment Promotion Agency (APIX-S.A.); and Amedeo Abunaw, Deputy General Manager of Cameroon’s Investment Promotion Agency.