Zimbabwe secured interest from Egyptian business investors at the inaugural Intra-African Trade Fair (IATF) in Egypt, with revelations that a delegation from the North African nation will follow their targeted areas in the first quarter of next year.
The IATF in Cairo, Egypt opened a lucrative window for investments towards Zimbabwe in key areas such as manufacturing, energy and export opportunities.
According to the Zimbabwe National Chamber of Commerce Chief Executive Officer Mr Christopher Mugaga, 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.
The Intra-African Trade Fair, which runs in tandem with the intended objectives of the historic African Continental Free Trade Area agreement, sets the tone for Zimbabwean firms to align their competitiveness and improve their connectedness to new markets that will create more investment opportunities.
Zimbabwe can tap into Egypt’s massive investment purse across Africa totalling US$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.