Participants at the event included executive leadership of African Hidden Champion companies headquartered in Cairo.
Ahmed Ezz El – Din, Group CEO of Cleopatra Hospitals said the initiative represented recognition of his group’s unwavering commitment to excellence and to the growth and development of the Egyptian healthcare industry.
“We believe in the immense potential of Africa's business landscape, and we are committed to actively contributing to its growth by sharing our expertise and best practices while fostering collaborations and partnerships that enhance healthcare outcomes across the continent. With Egypt's strategic geographic location and its potential to serve as a regional hub, CHG is well-positioned to expand its reach and capitalize on business opportunities within Africa,” El Din added.
The vice chairman of the Al Araby Group, an African home appliance brand with a footprint in several countries across the continent, said the firm was expanding its business further and aspired to become a global brand. Dr Mamdouh Al Araby told participants that the group which began operations in 1964, has a workforce of more than 40,000.
Dr. Ghada Abuzaid, Principal Industrial Program Coordinator represented the Bank Group’s Industrial and Trade Development Department which supports the acceleration of industrialization and private sector development in Africa through several flagship programs.
“To help African businesses grow and thrive beyond their borders, since 2015, The African Development Bank has channelled a total investment of $550 million in regional champion fertilizer producers and is committed to invest more than $3 billion in support of local and regional manufacturers to upscale their capacities, broaden their product lines and increase their industrial footprint beyond the borders,” Ghada said.