The initiative will focus on investment, renewable energy, infrastructure and logistics cooperation between the two BRICS countries

Egypt and South Africa have launched a joint business council at the Alamein Africa Forum. It is aimed at expanding bilateral trade, promoting investment and strengthening economic cooperation between the two BRICS countries, according to DNE Africa, a partner of TV BRICS.

The initiative was announced by Egyptian Foreign Minister Badr Abdelatty during a meeting focused on investment opportunities in Africa’s automotive sector. He said the council’s establishment reflects growing political dialogue between Egypt and South Africa and should help translate this momentum into practical economic cooperation.

The council will focus on several priority areas, including mining and mineral resources, industry, renewable energy, agriculture and food production, pharmaceuticals, transport and infrastructure. These sectors are expected to create new opportunities for joint projects and investment.

Abdelatty also highlighted the potential of cooperation within BRICS. He called for using the countries’ membership of the group to expand financing opportunities and support economic initiatives.

Transport and logistics were identified as another important area of cooperation. The Egyptian minister proposed developing mutual logistics zones and regular shipping routes, as well as making greater use of the Suez Canal and national ports to facilitate trade between northern and southern Africa.

According to Abdelatty, the joint business council is intended to turn existing economic opportunities into concrete investments and contribute to stronger bilateral ties. The initiative is also expected to support broader economic integration across the African continent.

African Times published this article in partnership with International Media Network TV BRICS