DRC-Egypt: Establishment of Egyptian Trade Chamber welcomed

Kinshasa, September 15^th, 2025 (CPA). – The establishment of the Egyptian Chamber of Commerce as part of the implementation of the memorandum of understanding between the Ministry in charge of Foreign Trade and the Egyptian business group signed last May in Kinshasa, Democratic Republic of Congo, was welcomed on Sunday in Cairo, Egypt, according to a statement seen by the CPA on Monday. « The Ministry in charge of Foreign Trade and the group of Egyptian companies welcomed the implementation of various points agreed upon in Kinshasa, including the establishment of the Egyptian Chamber of Commerce, now operational in the Congolese capital, as well as their plans to organize a trade fair in Kinshasa before the end of this year a fair to explore areas in which Egyptian companies will operate in the Democratic Republic of Congo, » read the statement from the Ministry of Foreign Trade. This statement follows the assessment by the Congolese government through the Minister in charge of Foreign Trade, Julien Paluku Kahongya, surrounded by experts and Mahmoud Sahim, CEO of the Mahmoud Sahim Holding group. The source has indicated that contracts will be signed between Congolese and Egyptian companies in several sectors, including agriculture, livestock and fisheries, at the end of this fair, which is why the Federation of Congolese companies (FEC) is being called upon to join the government’s efforts to collaborate with Egyptian companies. The document has stated that the two countries intend to transform their common problems into business opportunities, with trade currently standing at less than US$50 million, projected to reach US$1 billion in three years and tens of billions of US dollars in five to ten years. It should be noted that, on the Egyptian side, the CEO of the Mahmoud Sahim Holding group congratulated the Congolese government for the pragmatism of its Minister of Trade and his determination to accelerate the implementation of this economic and commercial cooperation.