Monday, 07 March 2016

Prime for investment, COMESA countries must be more than export market

Egyptian investors are seeking further inlets into the markets of neighbouring African countries under the parameters established by the framework of the Common Market for Eastern and Southern Africa (COMESA). To this end, Plenipotentiary Trade Minister of the Egyptian Commercial Services (ECS) Ali Al- Leithy said that Egypt will inaugurate new representational offices in five African countries in 2016 to better promote its national products in African markets, especially COMESA member states. Al-Leithy recommended that the Egyptian government and investors change the way they perceive Africa as only a market for exports since it offers great potential for investment as well. The government aims for an increased presence in African markets as a supplement loses it has faced in Arab countries, who have been negatively impacted by recent political events.

Source: Daily News Egypt