The Central Bank of Egypt (CBE) signed a memorandum of understanding (MoU) with the COMESA Competition and Consumer Commission (CCCC) to enhance cooperation in competition protection at the regional level.

REPSS offers a dual benefit of reducing financial costs and mitigating operational risks, two factors critical for the scalability and success of smaller enterprises that form the backbone of Egypt's economy, contributing 43% of its gross domestic product (GDP).

The volume of trade Exchange between Egypt and the Common Market for Eastern and Southern Africa (COMESA) reached its highest levels in 2022, recording $4.3 billion.

Egypt has been working towards regional trade integration for several years. This comes as Egypt expands cooperation with the Middle East and African countries on the economic level and seeks to exchange experiences and boost trade integration.

Prime Minister Mostafa Madbouly stressed the need to start operating two regular shipping routes linking Egypt with the countries of East and South Africa (COMESA countries) and the countries of North and West Africa.