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Egyptian exports to Africa up 17% in Q1 of 2018 - min.

Egypt's exports to Africa rose by 17% in the first quarter of 2018 to stand at $ 901 million against $ 745 million in the same period in 2017, the Egyptian minister of trade and industry said on Saturday.

Tareq Qabil made the remark while opening Africa Food Manufacturing 2018 exhibition in Cairo on Saturday.

About 20 African states take part in the three-day event alongside a large number of companies operating in the fields of food processing, manufacturing and packaging.

Egypt's food exports to Africa increased by 3% in the first quarter of 2018 recording $ 712 million against $ 690 million in the corresponding period last year.

He underlined the ministry's keenness on boosting the food manufacturing sector to cope with the inernational stanards.

He added that the exhibition woul be a starting point for promoting Egyptian food exports to African markets. 

He noted that the ministry plans to double its exports to African states.

About 140 companies, including 52 Egyptian firms, are taking part in th event which brings together about 145 pavilions.

"The exhibition offers a great chance for boosting trade exchange between African states as well as exchanging expertise and modern industrial technlogy, he said.

He added that cementing Egyptian-African ties at the political and economic levels tops the Egyptian government priorities.

Meanwhile, Exhbition Manager Alex Hawkes said "Africa Food Manufacturing 2018 reflects the more optimistic outlook that we are seeing this year. AFM connects suppliers from Packaging, Processing, Ingredients and Supply chain Logistics with leading buyers from food manufacturers in the region.  The show for the first time in its history sold out one month ahead of the open date, growing by 25%. The exhibition will also hold seminars which will tackle various aspects of the food industry through multiple sessions provided by the leaders in the industry."

The fastest growing exhibitor subsector of the 2018 edition was the Ingredients subsector, which grew by 120% from the 2017 edition, he added. 

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