Egypt and Madagascar strengthen cooperation: Economic and investment partnership towards broader horizons

Egypt confirmed andMadagascarTheir keenness to expand the horizons of joint cooperation, during a meeting that brought together the Prime Minister of the Republic of Madagascar, Mamitiana Rajaonarisone, with the Egyptian Ambassador to Antananarivo, Rabab Saeed, where the two sides discussed ways to improve bilateral relations and enhance partnership in a number of vital sectors of common interest.

The meeting comes as part of ongoing efforts to support Egyptian relations with African countries and to enhance cooperation in a way that serves the goals of sustainable development and achieves the common interests of both countries.

Cooperation in vital sectors

The talks included a review of opportunities to expand cooperation in the fields of agriculture, health, trade, and manufacturing, as well as encouraging mutual investments, which would contribute to increasing the volume of economic exchange and opening new horizons for the public and private sectors in both countries.

Both sides stressed the importance of utilizing the economic potential of Egypt and Madagascar, and working to implement joint projects that promote development and support economic integration between the two countries.

Capacity building and knowledge transfer

During the meeting, Ambassador Rabab Saeed stressed the importance of the continued participation of Malagasy personnel in capacity-building programs organized by Egyptian institutions, as one of the main pillars for enhancing technical cooperation and transferring expertise in various fields.

She explained that Egypt pays great attention to supporting development efforts in African countries through training, qualification and exchange of experiences, which enhances institutional capabilities and supports the development process in the continent.

A shared vision for the future of cooperation

The meeting reflected an agreement between Cairo and Antananarivo on the importance of elevating bilateral relations to more comprehensive levels, through strengthening economic, investment and technical cooperation, and taking advantage of the opportunities available in African markets.

This diplomatic rapprochement confirms the two countries’ keenness to build a strategic partnership based on common interests, which supports economic development and enhances South-South cooperation, in light of the historical relations that unite Egypt and Madagascar and their desire to expand areas of cooperation during the next stage.

Continued Egyptian support for African cooperation

This meeting comes within the framework of the Egyptian policy aimed at strengthening its presence in the African continent, through expanding areas of cooperation with sister countries, and supporting sustainable development efforts through the implementation of joint projects, exchange of experiences and capacity building.

Egyptian diplomatic moves also reflect Cairo’s interest in strengthening economic and investment partnerships with African countries, which contributes to achieving comprehensive development, increasing intra-African trade rates, and consolidating African integration in various sectors.