There has been a notable Increase in trade delegations to Africa recently after the adoption of the Africa export strategy earlier this week. Trade and Industry Minister Tarek Kabil will be accompanying 70 companies from the petrochemical, health, and energy sectors, to Kenya next month to discuss boosting trade opportunities between the two countries Al Borsa reports. The ministry is also sending a delegation to Eritrea to look into establishing new export markets, according to Al Masry Al Youm.

Speaking on the issue, Qalaa Holdings Managing Director Hisham El Khazindar said that having Africa constitute only 3% of Egypt’s export market is “unacceptable,” at AmCham’s Business in Africa special luncheon, Al Shorouk reports. Even major economies in Africa like Nigeria only occupy 0.3% of Egypt’s exports, said IBM Egypt General Manager Amr Talaat. Qalaa Holdings hosted the annual meeting of the Choiseul 100 Africa laureates, held for the first time in Cairo.