Synergy Capital took part in the Fifth Egypt Mining Forum

Synergy Capital took part in the fifth Egypt Mining Forum this week in Egypt's New Administrative Capital, joining ministers, regulators and industry leaders from across Africa.

The Forum was opened by President Abdel Fattah El-Sisi, a sign of how seriously Egypt is taking the sector. H.E. Eng. Karim Badawi, Minister of Petroleum and Mineral Resources, has set a target to lift mining's contribution to GDP from less than 1% to around 6% in the coming years, backed by reforms designed to attract international investment.

Synergy Capital Partner Raj Khatri spoke on a panel on financing the next generation of mining projects and joined a Ministerial & CEO Roundtable with ministers from Egypt, Tanzania, Nigeria, Kenya, the DRC and Côte d'Ivoire.

The takeaway was clear. Egypt has significant mineral potential, infrastructure and an industrial base. What the sector needs now is capital, from exploration through to processing. That is where Synergy works. We invest and lend across metals and mining, infrastructure and industrials, and help companies structure and raise the capital they need to grow. 

We left the Forum excited about the opportunities in Egypt, and with a number of new relationships we look forward to building on.