We currently have two outposts in Africa: one in Egypt (Cairo) and another in Ethiopia (Addis Ababa). These will be the linchpin for our development plans in the continent.
We strongly believe in the opportunities that Egypt can offer international investors and Italian companies. In fact many Italian businesses have been operating in Egypt for many a year.
To Cairo we bring our international expertise and experienced professionals, to work hand-in-hand with professionals from our local partner, the tier-one law firm Kosheri, Rashed & Riad.
Looking beyond Egypt, Ethiopia is the country that is of most interest to us. We strongly believe that the opening of its doors to foreign investment, the tremendous growth of European business communities and one of the highest GDP growth rate, make it one of the most important African jurisdictions. Ethiopia represents for us another linchpin for our development in the East Africa.
Indeed, Ethiopia has a key role to play in the integration of African countries and in trade between Europe and Africa (the headquarters of the African Union and the EU Delegation in Africa are both in Addis Ababa).
We also have a partnership in place with the Addis Ababa based tier 1 law firm Tameru Wondm Agegnehu Law Office.
But we are also working with The School of Law of the Addis Ababa University on a joint project to identify possible legislation reforms (in Italy and Ethiopia) that will improve industrial and financial relations and increase foreign investment in the country.
Beyond Egypt and Ethiopia, we have – and continue to strengthen – a network of highly reputed African law firms with whom we can work seamlessly. To this end, our secondment programmes, for example in South Africa, proved to be very useful.