Sharm Elsheikh - Mena
President Abdel Fattah al-Sisi has decided to set up an investment risk guarantee fund in Africa to encourage Egyptian investors to channel their investments to Africa and participate in the development of the continent and take advantage of the enormous opportunities available to it.
Al-Sisi called for speeding up the Cairo-Cape Town route to integrate the continent's countries and expand trade between its countries. He called for stimulating and facilitating the work of African companies in Egypt to stimulate joint investments and benefit from the continuous development of the Egyptian economy.
Speaking at the end of the Africa 2018 Forum in Sharm El-Sheikh on Sunday, 9 December 2018, Sisi said that the Forum's activities were an opportunity to affirm Egypt's interest in supporting the African continent's interests, enhancing its development path and an opportunity to exchange views and ideas on ways to promote comprehensive development. On our continent, with a view to finding the best means to improve our present situation and to build our future as we wish and aspire to.
The Egyptian President stressed that achieving security and stability, development and modernization are the most important means of confronting the political, economic and social challenges in our continent. This is evident in the discussions held during the forum, which focused on discussing strategies to attract investments to the continent, For entrepreneurs on the continent level, and strengthening cross-border economic cooperation.
Al-sisi stressed that Egypt will always be supportive of efforts to strengthen African cooperation in particular and international cooperation in general, as reflected in Egypt's open and fair policies to maximize the benefits of these efforts in achieving sustainable economic development, including enhancing the role of the private sector in development and investment at the level of All African countries.