18 June 2019 03:43 PM

Shoukry describes Africa Forum 2018 as a "shining beacon"

Monday، 10 December 2018 - 12:48 PM
Shoukry describes Africa Forum 2018 as a "shining beacon"

International development partners and all African countries consider the event as the most important continental forum for leaders, ministers and senior officials concerned with the investment sector and a promising platform for showing commercial investment opportunities in Africa, he added.
This year witnesses historic steps in support of intra-African trade and investment, including the launch of the African Free Trade Area (AFTA), hoped to be put into force in 2019, as well as an active Egyptian role aiming to support continental economic integration, the minister said in a speech at the forum’s closing session.
He called for concerted African efforts to achieve such goals.
He highlighted the role played by the African private sector in boosting intra-African trade and maximizing the benefit of investment opportunities in the continent.
As African governments, we continue to provide the necessary political support through the decision-making organs of the African Union and other regional economic groups, with a view to addressing the real challenges hindering access to the desired development rates in Africa, Shoukry said.
Egypt will make major efforts during its 2019 presidency of the African Union to mobilize collective African efforts and activate the necessary mechanisms needed to soundly address challenges hampering the continent’s development process, including armed conflicts, political crises, proliferation of terrorist groups and organized criminal gangs, illegal migration, high rates of refugees and internally displaced people, he added.
Investing in infrastructure is a key priority for Africa as it will help provide job opportunities and attract investments to its markets, the minister stressed.
He affirmed Egypt's keenness to boost its cooperation and partnership with all sisterly African nations .
Addressing the closing session, President Sisi affirmed Egypt's keenness on promoting its policy of openness to sisterly African countries.
He said that bringing security and stability is the basis of achieving development and addressing political and economic challenges in the African continent.
Sisi also announced the establishment of a fund to provide guarantees against risks for Egyptian businessmen willing to invest in Africa to contribute to achieving development of the continent and take advantage of the enormous opportunities available there.


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