Egypt and Afreximbank promote African industrialization and investment

Afreximbank and several partners, including the African Association of Automotive Manufacturers and the AfCFTA Secretariat, recently hosted the Africa Automotive Investment Forum in El Alamein, Egypt. The forum aimed to engage policymakers and manufacturers to facilitate joint ventures, technology transfers, and supply agreements to bolster Africa’s automotive sector and create skilled jobs for the continent's youth.

In a separate initiative at the African Mining Week in Cape Town, Egyptian Industry Minister Khaled Hashem called for a strong African mining alliance. The goal is to maximize the value of the continent’s mineral resources through local processing and industrial investment rather than relying solely on extraction. Egypt expressed readiness to contribute industrial expertise and strategic partnerships to help integrate African economies and expand local manufacturing.