Egypt can be a leader in transforming intra-African trade

Egypt can be a front-runner in transforming intra-African trade and boosting innovation and industrialization on the African continent, MD of Intra-African Trade Initiative at Afreximbank says. “With the new significant policy shift toward export promotion, especially within Africa and capitalizing on regional trade agreements, like COMESA and the upcoming Continental Free Trade Area, an improved and dedicated shipping line from Sokhna Port to Mombasa, quality and competitive Egyptian products and services, Egypt can transform its trade with Africa and become a major trade partner,” Awani explained, according to Ventures Africa. She added that “Egypt could expand its export trade in textiles, electricity, utilities and construction services. There are opportunities to boost pharmaceuticals exports to Nigeria and furniture to Kenya, as well as to import beef from Sudan and fruits and vegetables from East Africa.”