The project reflects keenness of the CBE to create a favourable climate for Egyptian businessmen to invest in Africa, and to ease trade exchange between Egypt and African countries, she added.
Most of the $496 million in the fund’s account had been wired out on Tuesday to Port Fund’s investors, including to the Kuwaiti government entities, Williams said.
Rain aims to enable family offices, investors and Islamic institutional investors to buy, sell and store cryptocurrency in an Islamic-compliant way.
The United Arab Emirates, in contrast, was hailed by the group for being the "least corrupt" country among its Arabian neighbors and on the Northern African peninsula.
This came during the Committee on Economic Affairs' meeting, which is currently being held to discuss a request to clarify the inflation of the state's debts internally and externally, resulting in huge burdens on the generations to come.