COMESA
Egypt’s President Abdel Fattah El Sisi met on Thursday with his Kenyan counterpart William Ruto, on the sidelines of the COMESA summit in Lusaka, Zambia.
Egypt’s President Abdel Fattah El-Sisi met on Thursday with his Malawian counterpart, Lazarus Chakwera, on the sidelines of the COMESA summit in the Zambian capital, Lusaka
He expressed his country's aspiration for Arab-African cooperation through green investment and transforming all businesses to be carbon-free.
Trade overall between Egypt and COMESA jumped to $5.3 billion in 2022, up by 20.4 percent compared to 2021’s recorded $4.4 billion
The meeting comprises the transport ministers of Nile Basin countries, COMESA member states, and the AU Commission on Infrastructure and Energy Development.
Egypt is currently seeking to increase its exports to international markets, and with a special scope on Africa’s markets.
The Central Agency for Public Mobilization and Statistics (CAPMAS) monitored a noticeable decline in the volume of Egyptian imports from the COMESA group recently.
In statements on Saturday, he added that the African market is promising as its volume of consumption spending stands at $4.5 billion and is expected to reach $6 billion by 2025.
President Abdel Fattah el-Sisi met with Head of the Libyan Presidential Council Mohamed al-Menfi on the sidelines of the COMESA summit in the New Administrative Capital on Tuesday.
Egypt will spare no effort to develop the agenda of COMESA, especially economic and regional integration, President Abdel Fattah el-Sisi told the secretary-general of the bloc on Tuesday.
Egypt’s imports from the COMESA countries amounted to $901 million during the first 9 months of 2021, compared to $721 million during the same period in 2020, with an increase of 25 percent.
The theme of the 21st COMESA Summit is "Building Resilience Through Strategic Digital Economic Integration."
President Sisi thanked Madagascar for the work it did while chairing the Common Market for East and South Africa (COMESA).
As Egypt takes over Tuesday the chair of the COMESA, economic experts highlighted the importance of this step on multiple dimensions.
As Egypt takes over Tuesday the chair of the COMESA, economic experts highlighted the importance of this step on multiple dimensions.
Assistant Foreign Minister Ambassador Soha Gendy said that Egypt's hosting of the COMESA summit at this time is a "clear message that economic integration is one of Egypt's top priorities to achieve the required development in Africa."
The event will be attended by COMESA Secretary General Chileshe Kapwepwe and heads of other African economic blocs, said Gamea in a joint press conference with Kapwepwe.
From 2015-2020, Egypt achieved trade surplus in relations with COMESA states that reached in 2020 $1.4 billion , according to a study compiled by the center on the occasion of Egypt's hosting of the 21th COMESA summit on Tuesday.
During the summit, Egypt is scheduled to receive the presidency of the COMESA.
The report said Egypt implemented 32 projects inside the group's member states as a whole.
Most Read
