Cairo – Mubasher: Axa Group on Tuesday unveiled plans to inject around EGP 1 billion in Egypt’s healthcare sector over the coming period.
Paris-based Axa will continue its long-term investment plan in Egypt as the African country is currently seeing major growth opportunities, according to Axa CEO for International and International Market Benoît Claveranne.
Egypt is considered one of the most important emerging markets for Axa, the top official added on the sidelines of an Egyptian-French business meeting in Cairo.
Earlier on Tuesday, the Egyptian minister of trade and industry Amr Nassar said that Egypt's exports to France increased by 7.3% year-on-year in the first eleven months of 2018.
French firm Schneider Electric also inked signed a deal with the Egyptian Ministry of Social Solidarity to pump new investments worth EGP 10 million to provide lighting for five Egyptian villages in remote areas.
The African and European nations also signed about 40 agreements at a combined value of EUR 1.6 billion during French President Emmanuel Macron's official visit to Cairo.
