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Elham AbolFateh

Egypt

Al-Sisi announces setting up Investment Risk Guarantee Fund in Africa

Sunday 09/December/2018 - 09:02 PM
Sada El Balad
Hassnein Tayea
Egypt will always support African cooperation efforts and adopt bold and open policies aimed at maximizing the benefits of those efforts to achieve sustainable development، President Abdel Fattah Al-Sisi said on Sunday.

El-Sisi made the comments during the clossing session of the Africa 2018 economic forum in the Red Sea resort town of Sharm El-Sheikh.

Al-Sisi added that Egypt tends to strengthen private sector and business leaders in all African countries، affirming that he believes in the future of the African continent.

During the session، the President decided to set up the Investment Risk Guarantee Fund in Africa to encourage Egyptian investors to develop the African continent، in addition to establishing a fund for development of information structure in African countries.

The Egyptian President pointed out to the current negotiation with international institutions participating in development of infrastructure، stressing the impoprtance of completing the construction of Cairo-Cape Town Road to integrate the continent's countries and expand trade among them.


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