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Cabinet officials

Egypt Deepens Economic Cooperation with African Countries at African American Business Summit

Strategic Insights

— 1 min read

Egypt's commitment to economic cooperation with African nations was reaffirmed as Engineer Mohamed Shaimi, Minister of Public Business Sector, attended the 17th African American Business Summit in Luanda, Angola. The minister held bilateral meetings with high-ranking officials from Angola, the Republic of Congo, Morocco, and Algeria, discussing opportunities for joint cooperation in investment, manufacturing, and trade exchange. The summit marked an important platform for fostering dialogue between governments and the private sector to accelerate development in Africa.

Key Takeaways:

  • Egypt's Minister of Public Business Sector, Engineer Mohamed Shaimi, represented Egypt at the 17th African American Business Summit in Luanda, Angola, from June 22 to 25.
  • The minister met with Ms. Esperanca da Costa, Vice President of the Republic of Angola, to affirm historical relations between Egypt and Angola and explore ways to enhance bilateral cooperation.
  • Engineer Shaimi also met with ministers and officials from the Republic of Congo, Morocco, and Algeria, including Mr. Julian Paluku, Minister of Trade of the Republic of Congo, Mr. Karim Zidan, Moroccan Minister of Investment, and Mr. Mohamed Arkab, Algerian Minister of Energy.
  • Discussed opportunities for joint cooperation in investment, joint manufacturing, and trade exchange between Egypt and participating African countries.
  • The summit contributed to deepening economic integration among African nations and serving sustainable development goals, as part of the African Union's priorities.
  • Egypt's Minister of Public Business Sector emphasized the importance of partnerships with African countries based on common interests and regional integration.
  • The Ministry of Public Business Sector aims to expand cooperation horizons with sisterly countries on the continent, particularly in priority productive sectors.

Statistics:

  • 17th African American Business Summit took place from June 22 to 25 in Luanda, Angola.
  • Egypt's President Abdel Fattah El-Sisi places great importance on strengthening partnerships with African countries based on common interests and regional integration.
  • The summit represented an important platform to enhance direct communication between governments and companies from participating countries.
  • Egypt's participation in the summit marked a continuation of its commitment to economic cooperation with African nations.

Sources:

  • State Information Service Egypt (2025)

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