Egypt-Rwanda Business Council urges the necessity of establishing a navigational line linking between Egypt and East Africa countries.
One of the most challenging obstacles in the Egyptian-African relations is the high cost of transportation, said the Egypt-Rwanda Business Council’s chairman Emad El Prince. This in return requires reaching a strategy to unify the transportation process in African markets, he added.
The Egyptian official further elaborated that the intra-African transportation process is highly expensive and complicated, which arouses the need of making the best usage of the existing transportation network in the continent.
There are 4 routes to Nepad states that needed to be connected to Egypt to guarantee the trade flow between it and the majority of the African countries, El Prince noted.
The New Partnership for Africa’s Development (NEPAD) is an economic development program of the African Union. NEPAD was adopted at the 37th session of the Assembly of Heads of State and Government in July 2001 in Lusaka, Zambia. NEPAD aims to provide an overarching vision and policy framework for accelerating economic co-operation and integration among African countries.
Hence, El Prince stressed the necessity of reconsidering the navigation line- that connects Egypt to East Africa states – as the best solution for the difficulties African markets face such as; imposing higher freight rates by foreign countries.