Egyptian Ahli Bank establishes trade centers in Africa

Egypt's Ahli Bank has agreed with the "Egyptian national navigational company" to carry out works to ship Egyptian goods and products to South Africa so they can be presented and merchandised in the first permanent Egyptian trade center founded by Ahli Bank in Johannesburg, starting after 16 months.

A press statement released by the bank said that the navigational line will regulate trips every two months to transport Egyptian exports to southern and eastern Africa.

It added that there is a plan to for two similar centers in Kampala, and Nairobi, specifically after Egypt joined free trade agreements between southern and eastern African countries belonging to the COMESA group. The centers will have an old Pharonic design to attract consumers in these countries.