The Sama Group of Companies of Egypt has offered 10 undergraduate scholarships to COMESA nationals in any discipline at Sinai University which is part of the group. Five of the scholarships are specifically for Ethiopia nationals while the rest will be taken up by other member States on a first come first served basis.
Chairman of the Group, Dr. Hassan Kamel Rateb announced the offer during a meeting with Secretary General of COMESA Sindiso Ngwenya when the latter visited the Groupâ€™s headquarters in Cairo. Present was Ambassador of Ethiopia to Egypt Mahmoud Dirir representing the Prime Minister who is the Chair of COMESA.
In offering the scholarships which will include free tuition, accommodation and pocket money, Dr Rateb said it was a gesture of his Groupâ€™s commitment to work with COMESA to build a united and prosperous Africa.
â€œThe Sama Group will also support the COMESA industrialization program by providing funding for feasibility studies on cement production in COMESA countries that are endowed with raw materials including identifying the market demand in the regionâ€ Dr Rateb said.
Ambassador Dirir thanked Dr Rateb for the offer which he said would strengthen bilateral relations between Ethiopia and Egypt on one hand and COMESA countries on the other.
On behalf of COMESA member States, Mr Ngwenya applauded Dr Rateb for the generous offer stating that it would contribute to people-to-people integration in the COMESA region. He said the offer to fund feasibility studies in the cement sector would catalyze investments from the Sama Group and other investors.
The Sama Group of Companies is a publicly listed Company with 30,000 shareholders and employs 15,000 people with an investment portfolio of approximately One Billion US Dollars. It is the pioneer of investments in the North Sinai region of Egypt in cement production, shopping malls development, hospitals and the Sinai University that currently hosts 10,000 students studying different disciplines in social sciences, engineering and medicine.