Egypt, Zambia pen MoU to boost investment cooperation
Updated 2/25/2025 7:51:00 AM
Arab Finance: The General Authority for Investment and Free Zones (GAFI) and the Zambian Development Agency (ZDA) have signed a memorandum of understanding (MoU) to enhance investment cooperation between both countries, as per a statement.
The MoU aims to deepen investment ties, facilitate business partnerships, and promote investment opportunities between the two countries.
The signing took place in the presence of Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel El-Wazir, Minister of Investment and Foreign Trade Hassan El-Khatib, Minister of Agriculture and Land Reclamation Alaa Farouk, and Zambian President Hakainde Hichilema.
El-Khatib emphasized Egypt’s commitment to strengthening economic cooperation with Zambia, a key member of the Common Market for Eastern and Southern Africa (COMESA).
Heiba stated that the GAFI will provide expertise to improve Zambia’s investment environment through training programs, workshops, and advisory services in investor services and digital transformation.
The agreement also includes the exchange of investment-related information, organization of promotional events, and coordination of investment delegations.
Both sides will work to address challenges facing investment flows and support businesses looking to expand in Egypt or Zambia.
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