Back to the complete issue
Thursday, 17 August 2017

Egypt and Gabon sign trade agreement

Trade and Industry Minister Tarek Kabil signed a trade cooperation agreement with his Gabonese counterpart on Wednesday, according to Al Masry Al Youm. The agreement will establish a joint trade committee to help boost both countries’ economic relations. Kabil also said that the two sides are studying the possibility of setting up a lumber plant in Gabon with Egyptian investments. The agreement came during President Abdel Fattah El Sisi’s visit to Gabon as part of his Africa tour, which takes him to Chad today.

El Sisi’s talks with Gabon’s President Ali Bongo yesterday had centered around cooperation and increasing mutual investments, especially in the health sector, an Ittihadiya statement said (pdf). African and regional security, as well as environmental issues were also on the agenda. El Sisi also invited President Bongo to attend the upcoming Youth Conference in Cairo and the Africa 2017 forum set to take place in Sharm El Sheikh in December.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2022 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of HSBC Egypt (tax ID: 204-901-715), the leading corporate and retail lender in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; Moharram & Partners (tax ID: 616-112-459), the leading public policy and government affairs partner; Palm Hills Developments (tax ID: 432-737-014), a leading developer of commercial and residential properties; Mashreq (tax ID: 204-898-862), the MENA region’s leading homegrown personal and digital bank; and Industrial Development Group (IDG) (tax ID:266-965-253), the leading builder of industrial parks in Egypt.