Egypt launches guarantee company for exports to Africa

The Egyptian Central Bank on Thursday (November 14th) announced the upcoming creation of a $ 600 million company to guarantee export credits to Africa.

The company in creation will have as main mission to support the industrial exports and services towards Africa. In addition, it will provide support to Egyptian construction companies to win important projects from African governments.

It should be noted that the African Export-Import Bank acted as technical adviser to the project.

« Egypt, which assumes the presidency of the African Union this year, aims to become a business gateway for business with Africa and strengthen its trade with African countries, » notes the bank.

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