Egypt to launch sovereign industrial, African investment funds to drive economic growth

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Egypt plans to launch sovereign investment funds targeting industrial development and private sector investments in Africa. The funds aim to boost manufacturing capabilities, exports, and economic growth.

Egypt will launch a sovereign-led industrial investment fund to enhance manufacturing capabilities and boost exports, alongside a separate fund targeting private sector investments in Africa, Minister of Investment and Foreign Trade Mohamed Farid announced on Tuesday. During a meeting with Prime Minister Mostafa Madbouly, Farid outlined the proposed investment structure for the industrial fund, which […] The post Egypt to launch sovereign industrial, African investment funds to drive economic growth first appeared on Dailynewsegypt.