Al-Sisi, Ramaphosa welcome Egypt-South Africa business council to boost trade, investment
The presidents of Egypt and South Africa met to discuss strengthening bilateral trade and investment through a new business council. The leaders also addressed regional security, the Palestinian issue, and migration challenges.
Why it matters
This meeting signals a push for stronger intra-African economic cooperation and diplomatic alignment between two of the continent's major powers.
Egyptian President Abdel Fattah Al-Sisi and South African President Cyril Ramaphosa discussed expanding economic, trade, and investment ties and welcomed the formation of a bilateral business council aimed at strengthening private-sector cooperation between the two countries.
The talks were held in New Alamein on the sidelines of the eighth African Union Mid-Year Coordination Meeting, according to the Egyptian presidency.
Al-Sisi said Cairo wanted to activate existing cooperation frameworks with South Africa and broaden ties across the political, economic, trade, and investment sectors, while supporting African economic integration and development.
The statement did not specify when the business council would begin operating or which sectors it would prioritise, and no new trade or investment agreements were announced.
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