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Monday, 21 October 2019

First phase of Egypt’s program to boost African trade kicks off with new Ain Sokhna-Mombasa shipping route

The government has begun operating a shipping route between Ain Sokhna and Mombasa, marking the beginning of the first phase of the Public Enterprise Ministry’s plan to boost trade with Africa through new trade routes and logistical development, Minister Hisham Tawfik said yesterday, according to Al Masry Al Youm. The plan, known as “Gosoor,” will enter its second phase in 2Q2020, during which the ministry will partner with private sector players to promote locally manufactured products abroad through a USD 10 mn joint venture.

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