Egypt on right track for development: AU Commissioner for Trade and Industry Albert Muchanga

CAIRO – 1 June 2022: Egypt is on the right track for achieving development, said AU Commissioner for Trade and Industry Albert Muchanga on Wednesday.

He added in statements to MENA news Agency on the sidelines of ‘Egypt Can with Industry Conference,’ that the AU is working for activating the African Continental Free Trade Area that will serve all African peoples.

Africa has the youngest population in the world as most of its residents is youths aged 19 years old and so any investor willing to increase his activities has to come to the continent, he added.

He lauded the participation of young entrepreneurs in the conference, saying they reviewed their successful stories in Africa.

He added that many agreements were clinched after the end of the conference sessions.

The sixth edition of Egypt Can conferences kicked off on Tuesday with the presence of Prime Minister Moustafa Madbouli and under the auspices of President Abdel Fattah al Sisi.

The annual conference is organized by the Ministry of Immigration, in cooperation with the Ministries of Trade and Industry, the Public Enterprise Sector, and the Ministry of State for Military Production, the Arab Organization for Industrialization, the General Authority for Investment, and the concerned authorities.

The sixth edition of the “Egypt Can” conference includes the participation of a distinguished elite of the Egyptian experts abroad specialized in the field of industry in addition to representatives of foreign companies participating for the first time in the “Egypt Can” series of conferences to discuss industrial investment opportunities in Egypt, aiming to come up with the best recommendations, participate in the implementation of the Egyptian state’s visions, and support its strategy in the field of industrial localization.

The “Egypt Can with Industry” conference comes in line with the visions of the Egyptian state, in light of the political leadership’s interest in the industry file, implementing presidential directives to support the state’s strategy in the field of industrial settlement, and maximizing the benefit of Egyptians around the world’s experiences in this field, and an integrated axis will be allocated to address industry between Egypt and Africa in a way that enhances trade and industrial exchange within the continent.