Former Commerce,Trades and Industries Minister Felix Mutati has been invited the prestigious Ten President’s plus One Africa-focused investment conference in Cairo which opened on Saturday.
Mr Mutati was invited in his capacity as a member of the COMESA Council of Elders and a former Minister of Commerce.
The conference will hold discussions that are beneficial to the common economic agenda of the continent.
Speaking before living for Cairo Egypt, Mr Mutati said he was proud to be the one representing the country at such an important summit which is aimed at strengthening ties between Egypt and sub – Saharan Africa.
He said it was not the first time that he was representing the nation at such kind a of a meeting and that he will continue to represent the nation when ever he is called upon as they help create investment opportunities in the country.
He said the conference will discuss among other things how the continent can move forward at the same pace in terms of economic development as well as formulate region strategies for developing the continent.
Mr Mutati is hopeful that Zambia will benefit from the conference as Egypt aims to increase its private investment in Africa from $8 Billion to $10 Billion.
The conference was officially opened by Egyptian President Abdel-Fattah el-Sissi on Saturday who said Egypt’s private sector investment in Africa exceeds $8 billion, and Cairo hopes to double its trade with other African nations in the next five years to $10 billion.