Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, met Haitham El-Maayergi, Vice President of the African Export-Import Bank (Afreximbank), and Ciro Aquino, Head of Middle East and Africa at Italian export credit agency SACE, to discuss ways to strengthen financing and export guarantee tools and support Egyptian companies' expansion into African markets. The talks took place on the sidelines of the El Alamein–Africa Forum GO63, attended by leaders of the General Authority for Investment, the Sovereign Fund and the Export Development Authority.

The minister stressed the importance of developing financing and trade credit guarantee tools to lower the risks of expanding into foreign markets and ease project finance, strengthening Egyptian companies' ability to access African markets and seize the trade and investment opportunities available.

Dr. Mohamed Farid pointed to the importance of identifying Egyptian companies' needs and the challenges they face, and connecting them with financial institutions, to provide solutions better tailored to their needs and support their growth and expansion abroad.

The talks with Afreximbank also covered opportunities for cooperation under the "Egypt Takes Off With Exports" initiative, to help connect Egyptian companies with financing and trade opportunities in African markets. The meeting with SACE covered using export credit and financing tools to support expansion abroad, as well as opportunities for cooperation in renewable energy and green transition projects.