By: Abdullah Bedier
Cairo – Mubasher: Foreign direct investments (FDIs) in Africa are expected to stand at $60 billion during the current fiscal year, Egypt’s investment minister Sahar Nasr said.
These expectations will be achieved, in line with maintaining the economic reform, Nasr added.
The emerging markets need $2.5 trillion to achieve the sustainable development, the minister continued.
The Central Bank of Egypt (CBE) had previously announced a 14.5% increase in foreign direct investment (FDI) in Egypt to $7.9 billion in fiscal year 2016/2017.
The minister had previously said that FDI in Egypt may exceed $10 billion this year.
Translated by: Mai Ezz El-Din
