The total investments of Egyptian companies in states of the Common Market for Eastern and Southern Africa (COMESA) hit about $4.4 billion in the period from 2003 to 2018, according to a report issued by the COMESA Regional Investment Agency (RIA).
Egyptian companies have become the most active African companies in the COMESA, according to the report, a copy of which MENA received on Thursday.
In 2018, Egyptian companies invested about $ 876 million in projects in COMESA states.
The Egyptian companies' investments focused on the fields of contractor, construction, pharmaceuticals, minerals, communications and IT and financial services.
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Among top ten Egyptian companies investing in COMESA are El Sewedy Electric, ASEC Cement, Pharmaoverseas, Egyptian International Pharmaceutical Industries Company, El Wadi Co. For Food Industries (Wadi Food) and Pack-tec.
COMESA countries include Burundi, Comoros, Democratic Republic of Congo, Djibouti, Egypt, Eritrea, Ethiopia, Eswatini, Kenya, Libya, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Sudan, Uganda, Zambia and Zimbabwe.
