TV "Brix" It sheds light on Egypt’s efforts to raise the economic level of the people of the African continent
Brex TV panel Today, Friday, the spotlight is on the efforts made by the political leadership in Egypt to create an attractive investment environment in the African continent to achieve sustainable development and raise the economic level of the peoples of the African continent.
In this context, it was announced The Egyptian Ministry of Foreign Affairs and Immigration announced the launch of the first sovereign investment guarantee agency on the African continent with a capital of $50 million, in order to enhance investor confidence, as it provides guarantees to Egyptian companies operating in Africa. The agency will also work to implement best international practices and create a solid foundation for economic cooperation.
The television referred to the statements of the Egyptian Deputy Foreign Minister, Abu Bakr Hafni, in which he explained that the agency will work to simplify investment procedures, enhance transparency, and build confidence among COMESA member states.
He also stressed that establishing an investment guarantee agency would pave the way for attracting foreign direct investment and help in establishing joint projects with national companies, which would contribute to stimulating economic growth and achieving development. Throughout the continent.
Hefny pointed out that the new agency aims to enhance Egypt’s role in advancing economic development on the African continent, adding that investment represents a basic pillar for supporting economic growth. By creating job opportunities and fighting poverty in the region.
It is worth noting that “BRICS” TV It is a media channel concerned with the political, economic, historical and artistic affairs of the member states of the BRICS group. Which includes Brazil, Russia, India, China, and South Africa, in addition to the countries that recently joined the group, which include Egypt, Saudi Arabia, the United Arab Emirates, Iran, and Ethiopia.
