Untouched energy opportunities for SA companies in Egypt
2 Dec 2019 - by Staff reporter
Two South African companies have announced their intentions to explore the Egyptian energy market during an Outward Trade and Investment Mission (OSM) to Cairo this week.
XChem Chemicals and Genleg Group joined a delegation of business professionals, selected by the Department of Trade and Industry (dti), for a five-day OSM to Egypt in an attempt to unlock business and investment opportunities in one of Africa’s fastest-growing markets.
Speaking on the mission, Angela Pitsi, managing director of XChem Chemicals, said the company would look to identify potential partners in Egypt who could supply North Africa with their advanced adhesive and sealant technology.
“Our company takes pride in using advanced adhesives and sealant technology to locally manufacture products for diverse industries such as construction, mining, woodworking, and furniture, automotive, stationery, leather, electrical utility and metal.”
The managing director for Genleg Group, Busi Nxumalo, added that Egypt’s rapidly growing renewable energy market had opened the door to investment opportunities for South African companies.
“We are currently finalising a deal with one of the oil majors. We will be rolling out its photovoltaics throughout South Africa,” he said.