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TRADE- Egypt joins Afrixembank’s USD 2 bn food security initiative: Egypt inked a framework agreement for the African Export-Import Bank’s…
The scheme will help boost trade finance in Africa and support sectors like transport and manufacturing
The two countries are looking into expanding non-USD trade, enhancing their trade agreement and establishing a ro-ro freight line
The program will see the bank collaborate with the Moroccan gov’t on credit, risk bearing and trade advisory services
The loan could go towards one of the port’s three logistics areas
MANUFACTURING- Egypt’s Pyramids Tires break ground on tire manufacturing hub in Saudi: Egyptian tire manufacturing company Pyramids Tires has begun…
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