Egypt drafting framework for establishment of Africa investment risk insurance fund

The Investment Ministry has completed a preliminary draft of the framework to establish a risk insurance fund to encourage Egyptians to invest in Africa, Minister Sahar Nasr said during a Sunday meeting with Prime Minister Moustafa Madbouly, according to a Cabinet statement. The ministry is currently in talks with other ministries to incorporate their feedback on the framework, Nasr said, without clarifying when a final draft will be ready. President Abdel Fattah El Sisi had announced the fund’s launch at the Africa 2018 Forum last month.