The African Export Import Bank (Afreximbank) was among participants in a mission to Munich, Germany, for an investment promotion activity aimed at supporting the General Authority of Suez Canal Economic Zone of Egypt to attract German investment.
Tagged the Suez Canal Investment Roadshow, the event, held under the auspices of the Bavarian Ministry of Economic Affairs, Media and Energy, took place in the Ministry’s premises, and enabled Afreximbank to showcase its work in support of African trade.
Presentations by the Bank covered its instruments of intervention to support industrial parks in Africa; products and programmes dedicated to helping attract and support export manufacturing in Africa in gerneral, and Egypt in particular; and collaboration with the Suez Canal Zone.
Addressing guests at the event, Kanayo Awani, Managing Director of Afreximbank’s Intra-African Trade Initiative, said that that the Bank’s participation was to demonstrate its support for Egypt and the zone and to display its willingness to provide financing and facilitation support to German companies considering investments in the zone.
Ms. Awani said that the Afreximbank was committed to fast-tracking the industrialization of Africa and to supporting and promoting industrial parks; attracting foreign direct investment into Africa; and supporting Egypt as a gateway to Africa, thereby promoting intra-African trade.
Other mission participants included the General Authority of Suez Canal Economic Zone; the Bavarian Ministry of Economic Affairs, Media and Energy; Samcrete, an industrial park developer for the East Port Said Industrial Zone; and the German-Arab Chamber of Industry and Commerce.
The Afreximbank delegation included Jean-Christian Koudou of the Export Development Department and Ayman El Zogby of the Intra African Trade Initiative.
Group photo of the roadshow participants.