Trade Ministry Considers Website For Businessmen Eyeing Africa

Minister of Industry and Trade Mounir Fakhri Abdel Nour has announced plans to launch a website serving the Egyptian businessmen who search for investment opportunities in Africa.

Chairman of the ministry’s Commercial Service Ali El-Leithy said the website will contain data on African markets of interest to Egyptian businessmen.

Outstanding companies, insurance opportunities, customs duties, shipping options and costs, and locations of Egyptian commercial representation offices will be available on the planned website, including tenders put up by African governments, according to Leithy.

The website may also feature market studies about goods and trading sectors within each African country, as well as a given country’s most important exports and imports and its trade agreements with Egypt. It will also announce exhibitions hosted by African countries.

It is worth mentioning that Egypt, in June, hosted the inking of a free trade agreement between Africa’s biggest economic blocs, the Common Market of Eastern and Southern Africa (COMESA), the Southern African Development Community (SADC) and the East African Community (EAC).

Source: State Information Service