GAFI CEO Participates in EGX Event with Dangote Group Founder to Discuss Opportunities for strengthening African Investment Partnerships

Dr Mohamed Awad:

• Egypt offers promising opportunities to strengthen investment partnerships with major African business groups.
• Amr Radwan: Strengthening communication between Egyptian and African investors opens up new horizons for economic partnerships.
• Aliko Dangote: The Group’s plans through 2030 open up new investment opportunities in Egypt.

On behalf of Dr Mohamed Farid Saleh, Minister of Investment and Foreign Trade (MIFT Minister), Dr Mohamed Awad, CEO of the General Authority for Investment and Free Zones (GAFI CEO), participated in an investment event organized by the Egyptian Exchange (EGX) at its historic headquarters in downtown Cairo. The event was attended by Mr. Aliko Dangote, Founder and CEO of Dangote Group, alongside a distinguished group of Egyptian and African business leaders and investors.

Dr Mohamed Awad affirmed the Egyptian State’s commitment to strengthening investment partnerships with major African business groups and translating shared interests into tangible projects. He also expressed his aspiration to establish a long-term strategic partnership with the Group.

For his part, Mr. Amr Radwan, Chairman of the Board of Directors of the Egyptian Exchange (EGX), underscored the importance of the event in strengthening engagement between the Egyptian and African business communities and strengthening Egypt’s position as a regional hub for investment and capital markets.

Mr. Aliko Dangote stressed the importance of enhancing investment cooperation among African countries, highlighting emphasized Group’s plans through 2030, which include entering the Egyptian market and injecting new investments.

The event was held in the context of the initial public offering (IPO) of one of the Group’s companies on the Nigerian Exchange Group (NGX Group), which was described as the largest in the history of African capital markets. The event aimed to explore opportunities for cooperation and attract new investments to Egypt. The Group operates across a range of sectors, including cement, building materials, petroleum refining, petrochemicals, fertilizers, and food industries.