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President Abdel Fattah encourages Egyptian investment in Angola

     Politics              
  • Luanda • Wednesday, 07 June de 2023 | 16h41
Egyptian president Abdel Fattah El-Sisi
Egyptian president Abdel Fattah El-Sisi
Pedro Parente-ANGOP

Luanda – Egypt president Abdel Fattah El-Sisi pledged this Wednesday to support his country's business class to invest in the Angolan market, through the Angola-Egypt Joint Committee.

Speaking to the press about the results of the private meeting held Wednesday in Luanda, with his Angolan counterpart João Lourenço, the Egyptian Head of State said he hoped that the commitment would result in an increase in the volume of business between the countries.

 

The Egyptian President expressed, on the occasion, his will to strengthen cooperation with Angola, with a view to the political and socio-economic development of both States.

 

Flanked by his Angolan counterpart, Abdel Fattah El-Sisi regretted the fact that the volume of trade between Angola and Egypt does not reflect the excellent level of existing friendly relations.

 

In another aspect, he referred to the conflicts in Sudan, Libya, the Democratic Republic of Congo, Somalia and the Sahel region, having defended a lasting solution.

 

“We jointly express our concern in working to restore peace and security in those countries of our continent”, said the Statesman, calling for urgent need to intensify the dialogue between the belligerent parties.

 

Abdel Fattah El-Sisi witnessed at the Presidential Palace, along with the President João Lourenço, the signing of two legal instruments on Security and Public Order, as well as on Technical Assistance on Groundwater.

 

From Luanda, the Egyptian leader travelled to Mozambique, as part of a tour of African countries, which will also take him to Zambia.

 

Angola-Egypt Cooperation

 

Angola and Egypt formalised political-diplomatic relations on 26 March, 1987 through the signing, in Luanda, of the General Agreement on Economic, Scientific and Technical Cooperation.

 

The two countries are very interested in increasing cooperation in areas such as the Economy, Trade and Industry, Education, Higher Education and Technical-Vocational Training, Energy and Water, Banking and Finance, Agriculture and Fisheries.

 

Angola and Egypt are also preparing the first session of the Bilateral Commission, aimed to assess cooperation and establish the process for implementing the legal instruments in force.

 

The Bilateral Commission meeting will make it possible to identify new areas of cooperation, taking into account the potential of Angola and Egypt. AFL/AL/ADR/NIC





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