Bolstering Egypt’s trade with Africa

Bolstering Egypt’s trade with Africa

Egypt has a significant trade advantage over the rest of Africa. Its geographical position in the far northeast of the continent makes it an outlier, but when it comes to multilateral trade agreements, Egypt has been a participant in more accords than any other African or Arab nation.  The country is part of, among others, the Common Market for Eastern and Southern Africa (Comesa); the Agadir Free Trade Agreement, which links North African count…

Expanding in Africa: How Egypt’s CIB is Pursuing Cross-Border Growth

Global Finance (GF): What are CIB’s growth plans for 2025 and beyond across Africa? How will you achieve these? Islam Zekry (IZ): CIB’s strategy is centered on expanding our footprint in East Africa by leveraging our expertise in corporate, SME and retail banking. Using Kenya as a regional hub, we will extend our reach into other key African markets that have strong trade ties with Egypt. This growth plan is built on three key pillars: firstly…