Nairobi: Prime Minister Mostafa Madbouli stated that Egypt supports initiatives aimed at facilitating the movement of capital and investors among the member states of the Common Market for Eastern and Southern Africa (COMESA), enhancing intra-regional trade and integration, and establishing joint online platforms to share information and investment opportunities. Madbouli made these remarks during his participation in a session on the Tripartite Free Trade Area (TFTA), focusing on the free movement of businessmen and mutual recognition agreements to promote trade in goods. This session was part of the 24th COMESA Summit held in Nairobi, Kenya.

According to State Information Service Egypt, the Prime Minister welcomed the progress toward mutual recognition agreements, which are instrumental in overcoming non-tariff barriers. He expressed appreciation to the COMESA Secretariat for their reports on the TFTA, free movement of businessmen, and mutual recognition agreements, all of which are essential for achieving regional integration among COMESA states and across Africa, consistent with the African Union's Agenda 2063.

The Prime Minister highlighted that Egypt was one of the first countries to sign and ratify the TFTA between COMESA, the Southern African Development Community (SADC), and the East African Community. He described this as a strategic platform for unifying African markets, eliminating tariff and non-tariff barriers, and strengthening regional value chains. Madbouli emphasized Egypt's full support for accelerating the completion of tariff schedules and rules of origin to ensure the agreement's full implementation, facilitating smoother movement of goods and services across Africa.