Egypt is one of main markets attracting investment in Africa: Trade Commissioner

CAIRO - 20 January 2020: Egypt is one of the main markets in Africa attracting direct investment in relation to the United Kingdom, Her Majesty Trade Commissioner (HMTC) for Africa Emma Wade-Smith said Monday.

Wade-Smith told Extra News TV channel that the African continent has made great progress during Egypt's presidency of the African Union in several fields, particularly trade and investment.


President Abdel Fatah al-Sisi receives in London ahead of the three-day UK-Africa investment summit - Press Photo

Trade Commissioner added that her country believes in the importance of foreign direct investment to African governments in order to create job opportunities and support infrastructure in the continent, referring to her country's desire to increase the flow of investments from the Kingdom to Africa to support the economic priorities of the countries of the continent.

“Many British officials have made several visits to African countries to discuss investment-related issues,” she noted, adding that the UK is keen to provide support to African countries to achieve development.

The three-day UK-Africa investment summit is currently being held in Britain from Monday till Wednesday. On the sidelines of the summit, British Prime Minister Boris Johnson will meet with Egyptian President Abdel Fattah al-Sisi, as well as a number of African leaders, the British government said.

Britain has invited 21 African countries to attend the summit, the British Embassy in Cairo said, adding that Sisi, along with Johnson, will open the summit, as Egypt, the current chair of the African Union, would be a key participant.