20 July 2019 03:59 PM

Sisi: Africa is future of world economy

Sunday، 09 December 2018 - 01:55 PM

President Abdel Fattah El Sisi asserted on Saturday 8/12/2018 that Africa is the future of the world economy.

Addressing a session of the Africa 2018 Forum held in Sharm El Sheikh, Sisi said the continent opens its doors to the future and economy.

Egypt is keen on taking measures to support young entrepreneurs, the president told the attendees.

Sisi welcomed African presidents and prime ministers participating in the forum.

Sisi highlighted the importance of the forum as a platform for boosting cooperation among African countries.

"It reaffirms our view toward youth in Egypt and African states and our confidence in their minds and capabilities", Sisi told the session.

He reviewed certain measures taken by the government to support and empower youth especially at the entrepreneurial level including setting up the first entrepreneurial center in the region.

Sisi added that a new Arab-African Fund has been called for to support entrepreneurial activities at the Arab as well as African levels.

He said that an Egyptian-African initiative has been launched for training more than 10,000 Egyptian and African software developers during the next three years.

He also pointed out to new laws and legislation adopted to facilitate youth enterprises.

Over a one-year period, more than 50 startups were established and funded as part of Falak Startups accelerator program, the president said.

Sisi announced the start of a contest among 100 enterprises participating in this year's forum, with the best 20 of them will showcase their ideas before a large audience of Arab as well as African investors.

The contest will be organized in cooperation with World Bank's International Finance Corporation, he noted.

The president highlighted the need for diligent efforts, creativity, perseverance and thinking out of the box to ensure a prosperous and promising future for all Arab and African countries.

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