Egyptian Exchange Signs Cooperation Protocol with Egyptian-African Businessmen Association to Strengthen Economic Ties
The Egyptian Exchange (EGX) signed a strategic cooperation protocol today with the Egyptian-African Businessmen Association (EABA), aimed at reinforcing institutional partnerships between government bodies and the business community. The signing ceremony took place at the EGX headquarters, with senior leaders from both sides and members of the association’s board in attendance.
The protocol seeks to support the national economy, deepen economic integration with African markets, and open new avenues for Egyptian and African private sector collaboration. It emphasizes the role of the capital market as an effective platform for financing, investment, and sustainable growth.
Key objectives of the cooperation include:
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Promoting the listing of companies on the EGX.
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Enhancing financial literacy and investment awareness.
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Supporting SMEs in accessing capital market financing.
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Encouraging digital transformation and fintech adoption.
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Sharing technical expertise and organizing workshops, training sessions, and conferences.
Dr. Islam Azzam, Chairman of the EGX, stated:
"This cooperation represents a significant step toward strengthening economic and investment partnerships between Egypt and Africa. It underscores the shared vision of leveraging the capital market to support sustainable growth and expand opportunities for businesses."
Dr. Yousry El Sharkawy, Chairman of EABA, added:
"The protocol reflects our commitment to creating an enabling environment for investment and facilitating Egyptian companies’ access to regional and international markets."
The agreement marks a strategic effort to enhance institutional coordination, attract foreign investment, and strengthen Egyptian companies’ presence in African markets, contributing to long-term economic development.