Business and investment in

Africa

Africa is the 2nd continent on Earth in area with a great amount of natural resources. There are more than 50 countries with fast growing economies and 1.5 bln population here. Africa today offers big opportunities for business and investment.

Egypt and Eritrea to open new sea route

The Egyptians and Eritreans have signed an agreement to launch a new sea route connecting their ports on the Red Sea. According to the agreements, Egypt will also share its experience in the field of railway construction and modernization of ports.

Currently, the trade turnover between the two countries is only $5 million. Most of it is accounted for by the supply of oil and petroleum products from Egypt.

EGYPT DAILY NEWS