Egypt: Future African trade heavyweight?

In August, Egypt’s Information and Decision Support Centre (IDSC) discussed boosting the state’s export receipts from African peers to $30 billion.

North Africa’s giant aims to expand its exports to over 34 African states, offering construction and telecommunication services, energy, medical and agricultural equipment.

It is also backing intra-African transport projects like the Cairo-Cape Town road and the Victoria Lake-Mediterranean (VIC-MED) inland transport route and has been a big supporter of the African Continental Free Trade Agreement (AfCFTA).

Egypt’s transport minister Kamel el-Wazir told the House of Representatives in January that the country was carrying out several road projects to connect the country with its neighbours. That includes the Cairo-Cape Town road which Egypt wants to see finished by 2024. Read More.

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