Zimbabwe courts Egyptian investors

Published: 16 December 2018
Zimbabwe has secured interest from Egyptian business investors with revelations that a delegation from the North African nation will follow their targeted areas in the first quarter of next year.

The Intra-African Trade Fair which runs in tandem with the intended objectives of the historic Continental Free Trade Agreement sets the tone for Zimbabwean firms to align their competitiveness and improve their connectedness to new markets that will create more investment opportunities in key areas such as manufacturing and energy as well as export opportunities.

Egypt business has hinted to extending its footprint into Zimbabwe with a delegation from the North African nation set to visit the country in March next year, according to the Zimbabwe National Chamber of Commerce Chief Executive Officer Mr Christopher Mugaga.

Zimbabwe can tap into Egypt's massive investment purse across Africa totalling $10 billion to date as well as the North African nation's Investment Risks Guarantee Fund that encourages Egyptian investors to set up investments in Africa and take advantage of the huge opportunities on the continent.
- zbc
Tags: Investors,

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