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Egyptian investors to come to Zambia

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A business delegation from the Federation of Egyptian Industries will be hosted by the Egyptian Embassy in Lusaka from 17th to 20th March in order to hold several investment and cooperation meetings with Zambian government officials and their industries’ counterparts. The Federation of Egyptian Industries (FEI) is one of the country’s largest employers’ associations, with 20 industrial chambers as members, representing over 60,000 industrial enterprises out of which more than 90% belong to the private sector; accounting for more than 7 million workers and 20% of the national economy.

The business delegation includes the representatives of more than 15 Egyptian companies in various industries, as a result, a certain number of meetings have been arranged in particular fields of the group’s interest.

It is stated that the Zambia Chambers of Commerce and Industries will sign a Memorandum of Understanding with the Federation of Egyptian Industries.

As it was announced by Ahmed Mostafa, Egyptian Ambassador to Zambia, the delegation had seen potential cooperation in the local industries. According to him, it is a response to the policy put in place by the Egyptian government of promoting investment in Africa.

Ambassador Mostafa stated that the key fields of interest for the delegation are the following: agriculture, manufacturing, pharmaceuticals, agro chemicals, food processing, printing and packaging, petroleum, engineering, wood processing, and construction industries.

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