In August, Egypt’s Information and Decision Support Centre (IDSC) discussed boosting the state’s export receipts from African peers to $30 billion.
North Africa’s giant aims to expand its exports to over 34 African states, offering construction and telecommunication services, energy, medical and agricultural equipment.
It is also backing intra-African transport projects like the Cairo-Cape Town road and the Victoria Lake-Mediterranean (VIC-MED) inland transport route and has been a big supporter of the African Continental Free Trade Agreement (AfCFTA).
Egypt’s transport minister Kamel el-Wazir told the House of Representatives in January that the country was carrying out several road projects to connect the country with its neighbours. That includes the Cairo-Cape Town road which Egypt want to see finished by 2024.
“We will complete the Cairo-Cape Town road that will cross through nine African countries as part of Egypt’s efforts to connect with neighbouring countries,” Wazir said, according to Al-Monitor.