El-Fayoumi pointed out that the Egyptian market is attractive to investment, given that Egypt plays a pivotal role for anyone seeking to invest in Africa, in addition to being the real gateway to the continent. He called for supporting Egyptian companies seeking to expand into African markets, emphasizing that the continent represents a real opportunity for trade and investment growth.
The Egyptian government announced in recent days that it is developing sustainable strategies to facilitate investment flows and trade between the countries of the continent, and to create an integrated partnership between the continent's major players, including the Kingdom of Morocco, in order to increase the flow of investment and intra-African trade.
El-Fayoumi called for greater government attention to supporting small and micro enterprises, expanding commercial activities and events, and rebuilding the identity of Egyptian products within Africa. He called for institutional action from the government and private sector to enter the African market and benefit from Egyptian expertise in the infrastructure, energy, and electricity sectors.
He emphasized that the volume of trade exchange between Egypt and Africa has witnessed remarkable progress, reaching $9.2 billion in 2024, in addition to Egyptian investments reaching $10 billion. He also noted that Egypt provides technical support by organizing conferences, grants, and training courses for African countries.