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Egyptian Foreign Ministry: investments span energy, infrastructure, roads
The Deputy Minister of Foreign Affairs for African Affairs, Ambassador Mohamed Abu Bakr Saleh, announced that Egyptian investments in Africa currently amount to approximately $14 billion, spanning sectors such as energy, infrastructure, roads, and hospitals. He pointed out that Egyptian companies operate in more than 26 African countries, with a focus on renewable energy projects and infrastructure. He highlighted that Africa has a population of 1.4 billion, one-third of whom are youth, creating opportunities for knowledge localization and skills development through training programs that enhance the capacity to support emerging industries. He also emphasized that cooperation among African nations, especially Egypt, South Africa, Nigeria, and Kenya, can help accelerate investments and achieve economic integration among these countries.
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