A delegation from the General Authority for Investment and Free Zones (GAFI) left here Sunday for Rwanda to take part in the Global African Investment Summit (TGAIS) due to kick off Monday in the capital city of Kigali.

GAFI executive director Mohamed Khodeir is leading the Egyptian delegation to the two-day summit, at the invitation of Rwanda Development Board (RDB).

The summit aims to develop trade and investment relations among the countries of the three African economic blocs; Common Market for Eastern and Southern Africa (COMESA), Southern African Development Community (SADC) and East African Community (EAC), Khodeir said.

African countries need to lure new investments to develop their infrastructure along with creating adequate climate for their policies and laws, the Egyptian official added.

The summit will see the over 1000 representatives from the private and public sectors of the three economic blocs.

A number of investors, investment funds and banks from across the world will attend the summit. 

Following the phenomenal success of The Global African Investment Summit in London, which was attended by more than 1,300 delegates in 2015, 2016 sees its debut on the African continent. 

Developing trade and investment corridors in the TFTA region, attracting investment and private sector players as well as creating an environment that enables harmonization through policy and regulation will figure high during this week's summit.

Source: MENA