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Tuesday, 11 July 2017

Egyptian-Lebanese Company signed contracts for exports to Africa worth USD 25 mn in 1H17

The Egyptian-Lebanese Company For Trade and Investment in Africa signed agreements for Egyptian exports to West African countries worth USD 25 mn in 1H17, managing director Ahmed El-Gohary tells Al Borsa. The company signed USD 5 mn worth of agreements with the Ivory Coast last month, including a USD 500,000 contract to export 1,000 tonnes of potatoes per month, as well as other agreements to export drugs, cosmetics, agricultural crops, and furniture. The company is planning a visit by a delegation of 10 companies to the Ivory Coast’s capital, Abidjan, in the coming weeks to follow up on the signed agreements. The company is also eyeing expansion in Senegal and Ghana as part of its bid to increase exports to African markets to USD 55 mn by year-end.

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