Egyptian Foreign Minister Badr Abdellati participated in the launch of the Egypt-South Africa Business Council on October 2, 2026, in Sharm El-Sheikh. The council was launched on the sidelines of the Aswan Africa Forum, an event that aims to promote investment and economic cooperation between African countries. The launch of the council is seen as a significant step towards strengthening economic ties between Egypt and South Africa.
According to the Egyptian Foreign Ministry, the business council aims to promote economic cooperation and investment between the two countries. The council will focus on several key sectors, including mining, manufacturing, energy, agriculture, and transportation. These sectors are considered crucial for the economic development of both countries and have the potential to boost trade and investment between them.
During the launch event, Minister Abdellati emphasized the importance of translating the growing political momentum between Egypt and South Africa into concrete economic and investment cooperation. He highlighted the need to focus on key sectors such as mining, manufacturing, and energy, and to leverage the membership of both countries in the BRICS grouping and the African Export-Import Bank (Afreximbank) to support joint projects.
The Egyptian Foreign Ministry's spokesperson, Nader Zaki, stated that the launch of the business council is a significant step towards strengthening economic ties between Egypt and South Africa. He added that the council will provide a platform for the private sector to explore investment opportunities and develop joint projects. The spokesperson also emphasized the importance of cooperation in the transportation and logistics sectors.
Minister Abdellati also highlighted the importance of developing cooperation in the transportation and logistics sectors, including the creation of joint logistics zones and the development of regular shipping lines. He expressed his hope that the business council will serve as a platform to convert available opportunities into concrete investments and projects that will strengthen economic and trade relations between Egypt and South Africa.
The launch of the Egypt-South Africa Business Council is seen as a significant step towards promoting economic integration in Africa. The council is expected to play a key role in promoting trade and investment between Egypt and South Africa and will provide a platform for the private sector to explore new opportunities. The African Export-Import Bank (Afreximbank) and the South African government have expressed their support for the council.
The Egypt-South Africa Business Council is expected to contribute to the growth of trade and investment between the two countries. The council's launch is a positive development in the relations between Egypt and South Africa, and it is expected to have a positive impact on the economic cooperation between the two countries.
Key points
- Egypt and South Africa have launched a business council to promote economic cooperation and investment between the two countries.
- The council will focus on key sectors such as mining, manufacturing, energy, and transportation.
- The launch of the council is seen as a significant step towards strengthening economic ties between Egypt and South Africa and promoting economic integration in Africa.
