Egypt reaches 3 development deals with Switzerland
Wednesday, 05 February 2020 13:43
Egypt and Switzerland signed yesterday three memoranda of understanding aimed at strengthening investment, improving higher education and developing the textile sector. The deals were inked during the Egyptian-Swiss Investment Forum in Cairo.
With this new step, Egypt is seeking to boost support to small and medium-sized enterprises (SMEs), develop training programs for youth and create more jobs. The training includes the establishment of a three-year undergraduate program in hotel and tourism management, as well as a one-year professional degree at Badr University in Cairo (BUC). The country also wants to improve investment in the Nile Cotton Co, its main cotton trading company.
Let’s note that the volume of trade between Egypt and Switzerland amounted to about $1.3 billion in 2019. More than 60 Swiss companies currently operate in Egypt, with investments estimated at more than $1.8 billion.
André Chadrak
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Angola Grants 20-Year Concession for Cabinda and Soyo Ports
05:40
-
Endeavour Revenue Jumps Despite Falling Gold Output in West Africa
05:37
-
Togo lists 168 licensed architects in latest official registry
05:33
-
Glencore Copper Output Rises 19% as Congo Mines Drive Growth
05:32
-
BCEAO to Set 24% Cap on Microfinance Lending Rates from June 2026
05:27
-
Cameroon Flags 700,000 Undeclared Phones Under New Customs System
21:05
-
Egypt Reviews $5 Billion Green Ammonia Project Backed by Renewable Energy
20:54
-
Germany Helps Cameroon Structure €32 Billion Infrastructure Project Pipeline
20:48
-
Togo, Kyrgyzstan sign strategic cooperation agreements in Bishkek
20:31
-
IFC Weighs €21 Million Loan to Back Gozem Expansion in West and Central Africa
19:37
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
Cabinda and Soyo terminals granted to SOGESTER for 20 years Move aims to cut transport costs and increase cargo and passenger traffic Strategy targets...
Revenue climbs 29% in Q1 2026 despite lower production Gold output drops across key mines, except Lafigué Higher gold prices offset volume...
Q1 copper production reaches 199,600 tons, up 19% year-on-year DR Congo output jumps 68%, led by Kamoto and Mutanda Group maintains 2026 outlook...
Project targets up to 1 million tons of output using solar and wind Initial investment estimated at $5 billion, with expansion potential Plan...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....