Egypt: President Al-Sissi announces the launch of a guarantee fund to encourage investments in Africa
Thursday, 13 December 2018 17:20
On December 9, 2018, Egyptian President Abdel-Fattah al-Sissi (photo) announced the launch of a guarantee fund to encourage Egyptian companies to make more investments in Africa.
"This fund is aimed at serving the common interest of Egypt and that of the other African countries and boost the cooperation and transfer of Egyptian expertise to countries in the continent in sectors closely related to their development", the head of state said during the closing ceremony of the Egypt-Africa forum organized in the Egyptian seaside resort Charm al-Cheikh.
According to the official, Egyptian investments in Africa reached $1.2 billion during the first eleven months of 2018.
The Egypt-Africa economic forum was organised by Egypt’s ministry of investments and international cooperation with the support of the Common Market for Eastern and Southern Africa (COMESA).
FAVORI
Live News
-
Japan Backs Cameroon’s Fish Farming Boost with CFA1.2 Billion for Profip Project
06:26
-
Portugal and Angola Strengthen Ties with $873 Million Credit Boost and Key Agreements
06:21
-
Northern Nigeria Faces Severe Food Crisis Amid Conflict and Aid Cuts
06:13
-
Ethiopia and Italy Seal $209 Million Cooperation Deal Amid UN Food Summit
05:44
-
US Suspends Visas in Niamey Amid Diplomatic Fallout
05:27
-
Mohamed Salah Tourab Streamlines Algerian Commerce With All-in-One App
12:06
-
Douala Port’s New Terminal to Generate Billions in State Revenue
11:53
-
At Lomé Meeting, Senegal and Togo Discuss Security and Youth Exchanges
11:40
-
Tik Tak Microloans Reached 340,000 Borrowers Last Year, Orange Reports
11:04
-
Douala Launches Consultations to Advance Bus Rapid Transit Project
10:46
The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognize...
By linking ECOWAS countries, the project enhances regional digital infrastructure, which is crucial ...
The acquisition signals rising confidence in Africa’s digital infrastructure as a viable, long-term ...
As digital technologies reshape Africa's job market, digital skills are becoming crucial for youth i...
- Micro, small, and medium enterprises received over half of business loans in WAEMU in 2024 - Bank ...
• Angola and Portugal signed eleven agreements covering security, transport, education, and investment.• Lisbon increased its credit line to Angola...
• Malnutrition cases in Katsina State surged 208% compared to 2024.• Since early 2025, 652 children died at MSF facilities from lack of timely treatment.•...
• Ethiopia and Italy signed a joint declaration to deepen cooperation during a bilateral meeting in Addis Ababa.• The cooperation framework includes a...
• US suspended all immigrant and non-immigrant visa issuance at its Niamey embassy from July 2025.• Trade between the US and Niger fell sharply...
Garamba National Park, located in the northeastern Democratic Republic of Congo, is one of Africa’s oldest and most iconic protected areas. Established in...
Perched in the rugged heights of the Djebel Nefoussa in northwestern Libya, Qasr Al Haji (also spelled Ghasr Al-Hajj) is a striking example of traditional...