Egypt-Nigeria Business Forum strengthens trade, investment ties

Egypt’s Ministry of Investment and Foreign Trade hosted the Egypt-Nigeria Business Forum under the theme “Egypt-Nigeria Partnership: Unlocking Shared Prosperity through Trade and Investment,” ccording to an Egyptian Cabinet statement on Sunday.

The forum, which included the signing of several Memorandums of Understanding (MoU), marked a strategic step towards enhancing bilateral ties and driving trade and investment growth across Africa.

Egypt’s Investment and Foreign Trade Minister Hassan El-Khatib emphasised the role of Egypt and Nigeria, Africa’s largest economies, in driving continental growth. He highlighted Egypt’s advanced infrastructure and trade agreements, inviting Nigerian investors to leverage opportunities for regional market access and intra-African trade through the AfCFTA.

Agriculture was a key focus, with Egyptian and Nigerian officials discussing collaboration in irrigation, sustainable farming, and climate resilience. Egypt’s Agriculture Minister Alaa Farouk called for increased private sector collaboration in agriculture and food security, sharing Egypt’s expertise in agricultural financing.

Efforts to reduce customs barriers and increase bilateral trade were highlighted, reinforcing the economic potential of stronger Egypt-Nigeria relations.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama

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