“Zambia Business Day” … an extensive virtual conference sponsored by “Egyptian-African businessmen”

Today, Wednesday, the Egyptian-African Businessmen ‘Association “EABA”, led by dr.

A large number of businessmen in Egypt and Zambia took part in the conference, among whom was His Excellency the Minister of Trade and Industry of the Republic of Zambia “Chipuka Mulenga”, the representative of the Association in the State of Zambia, “Danny Simumba” , and the Director of Extrusion Works Ltd and DiTec Engineering “Joseph Malizawa”, Shiwala, Owner and Managing Director of Mupapa Wood Lusaka Ms Ruth Ironside, Limited President Grace Ngapao Efrati, Business Development Coordinator and Entrepreneur David Moteke, and Zambia CEO Florence Mulervaard .

Al-Sharqawi stressed that the association is improving investment and trade opportunities with Zambia as well as between all African countries, emphasizing Egypt’s constant zeal to improve economic cooperation with the Republic of Zambia, by taking real and clear steps to achieve economic integration and encourage trade exchanges. between the two countries.

He added that trade relations between Egypt and Zambia were witnessing a significant and remarkable development, emphasizing that there were several Egyptian companies operating in Zambia, and that a large number of companies had a desire to invest in and out of the Republic of Zambia. to knit.

During Dr. Yousry El-Sharqawi’s speech came to welcome all the speakers, led by the Zambian Minister of Trade and Industry, “Chibuka Mulenga”, and the Ambassador of the Republic of Zambia in Cairo, “Mag Jane Mulambo”.

El-Sharqawy also stressed that the Egyptian private sector is always looking forward to inviting the business community in Africa to re-examine and discuss what they can offer. To support intra-African investment and trade.

He stressed that the meeting is primarily aimed at presenting a number of theses and investment, commercial and economic opportunities in the Republic of Zambia. Al-Sharqawi concluded his welcoming speech by saying: “Our mission is to work with our African brothers, and we, as an Egyptian association, look forward to working in the financial and business community in Africa.”

Themes of the Egyptian-Zambian Assembly

Dr. Yousry Al-Sharqawi confirmed that the “Zambia Trade and Business Day” conference was held with systematic objectives as follows:
• Presenting the experiences of entrepreneurs in Zambia, and their success stories beyond borders.
• Networking, establishing profitable relationships and providing marketing services that can best serve Zambian business people to the Afro-European Businessmen’s Association and its members.
• Identify and attract potential foreign investors between Zambia and Egypt to implement profitable projects for all partners.
• Show the competitive advantages that have helped companies in Zambia export their products
• The presentation of the characteristics that companies in Zambia are looking for when liaising or contracting with suppliers from abroad.
• How to start the export business to and from Zambia?
• Presenting challenges in promoting trade and partnerships in joint ventures between Zambia, Egypt or other African countries and possible solutions to those challenges.

The word was conveyed to “Danny Simumba”, the representative of the African Egyptians in the Republic of Zambia; To welcome and introduce the speakers.During his speech, he thanked the president of the association for his encouragement of private Egyptian companies; To enter the Zambian market, and explore opportunities for cooperation with Zambian companies; For the benefit of both countries.

May Jane Mulambo, the Ambassador of the Republic of Zambia in Egypt, stressed the need to find a suitable mechanism to assist the African peoples in this difficult period that the whole world is facing as a result of the Russo-Ukrainian war. He added that Egypt has a strong infrastructure, and praised the Egyptian workforce and its strong participation in the progress of the Egyptian and African business community.

Joseph Malizawa praised the importance of the African continental free trade area and emphasized that it offers the Republic of Zambia great export opportunities, emphasizing that it is a large African market that includes 54 countries, a population of more than 1.3 billion people and a purchases. power of about 3 trillion US dollars.

He noted that estimates in Zambia show that SMEs account for 97 per cent of all businesses in the country, 70 per cent of GDP and 88 per cent of employment, providing a significant share of income for the majority of Zambia’s working population.

He added that the small and medium enterprise sector in Zambia is one of the main sectors contributing to poverty reduction and job creation.

He stressed that the Zambian government will seek to facilitate the integration of small and medium-sized enterprises and cooperatives in the AfCFTA markets, by improving the sector’s ability to participate in regional and global value chains and promote skills development.

Dr. Yousry El-Sharqawy expressed his congratulations on this occasion and stressed that it was time to exploit the economic potential available in the two countries, and he called on investors in Zambia and Egypt to hold other talks ; To encourage the Egyptian-Zambian business community and to promote the exchange of investment and trading opportunities among them.

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