Egypt has promising investment opportunities: Nigerian economist

Nigerian economist Tony Elumelu said that Egypt has promising economic opportunities, adding that he currently seeks investment chances in the Egyptian market in light of the success of its economic reform program. 

During the Tony Elumelu Foundation (TEF) Entrepreneurship Forum recently held in the Nigerian capital of Abuja, Egypt Today conducted an interview with Elumelu who lauded the stability currently witnessed by the Egyptian state, which encourages economy and attracts direct foreign investments. 

Elumelu said that the entrepreneurial program launched by the foundation works on encouraging innovation, establishing startups and supporting entrepreneurs, considering them as the future of the continent. 

The Tony Elumelu Foundation Entrepreneurship Forum is the largest gathering of African entrepreneurs and the entrepreneurship community across Africa. 

The Forum presents a unique opportunity to generate ideas, build intra-African business partnerships, forge networks and bring policymakers and the private sector together, in a spirit of robust debate and interaction. 

This year, the 5th edition, themed “Empowering African Entrepreneurs” took place on July 26-27 at the iconic Transcorp Hilton, in Nigeria’s capital, Abuja. 

The forum featured masterclasses, a dynamic pitching competition, electrifying panel debates, and the Presidential Dialogue. It engaged an audience of 5,000 comprising of startup entrepreneurs, development institutions and policymakers.