El-Sisi said Egypt’s diverse sectors offer “significant opportunities” for investors, and urged stronger collaboration with the bank to help finance major development projects, according to a presidential statement on Sunday.
El-Sisi praised Afreximbank’s role in strengthening African economies, supporting entrepreneurship, and advancing both the United Nations' (UN) 2030 Agenda and the African Union’s Agenda 2063.
The talks brought together outgoing Afreximbank president Benedict Oramah, his successor George Elombe, and Central Bank of Egypt (CBE) governor Hassan Abdallah.
El-Sisi congratulated Elombe on his election and thanked Oramah for a decade of leadership, highlighting the bank’s contribution to launching the African Continental Free Trade Area (AfCFTA).
Elombe laid out his vision for expanding the bank’s presence across Africa, while Oramah pledged continued support for intra-African trade under new leadership. Both men expressed gratitude for Egypt’s backing of the bank, which is headquartered in Cairo.
The discussions also addressed Afreximbank’s role in bolstering Egypt’s industries, drawing foreign investment, and financing large-scale infrastructure projects.
The CBE governor hailed the bank’s support for “numerous major development projects” in Egypt and reaffirmed the central bank’s commitment to strengthening the partnership.
The CBE is Afreximbank’s largest shareholder, alongside five Egyptian commercial banks.
Egypt, strategically positioned between Africa, the Middle East, and Europe, is aiming to increase its exports to $115 billion by 2030.
According to the official statistics agency CAPMAS, exports rose to $45.3 billion in 2024, up 6.5 per cent from $42.6 billion the previous year.
Exports to Africa reached $7.7 billion, a 4.7 percent increase from 2023, while overall trade with the continent grew to $9.8 billion, also up 6.5 percent.
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