European stocks up on signs of slowing coronavirus cases    Egypt's Central Bank suspends I-Score lists for 8,000 enterprises, 100,000 clients amid COVID-19 outbreak    Mideastern burial traditions clash with fears of contagion    FIFA bribe allegations raise more questions over Qatar World Cup    UK's Queen Elizabeth sends message of enduring appreciation to health workers    Dubai extends closure of commercial activities until April 18    Dutchman Van Dijk wants to become 'Liverpool legend'    UK foreign minister Raab in charge, will decide on lockdown measures: Gove    Spurs' Son set for chemical warfare training in South Korea    Land border between China and Russia is closing    Chinese players join clubs after completing COVID-19 quarantine    Samsung beats Q1 estimates, braces for bigger blow from COVID-19    Facebook asks users about coronavirus symptoms, releases friendship data to researchers    EU to impose tariffs on glass fibre from China, Egypt over dumping    Egyptian President Sisi orders provision of low-interest finance for hotels    Russia and Saudi 'very close' to oil deal, Moscow signals big cuts    BREAKING: Egypt reports 149 new coronavirus cases, 7 more deaths    Egyptian businessman Mansour El-Gammal died from coronavirus    Liverpool reverse decision to furlough staff, apologise to fans    UK's Johnson in hospital with persistent coronavirus symptoms    Hong Kong stocks hit 3-week high on easing virus fears, policy support    EFA to raise funds for players in lower divisions amid coronavirus    Solid chip sales unlikely to cushion Samsung's coronavirus-hit Q1 profit    Egyptian Fine Arts Syndicate organises exhibition to help artists amid coronavirus    ‘Screens and Streams': Arab Fund for Arts and Culture releases films and music online    Art Alert: Cairo Steps and Um Kulthoum are highlights of culture ministry YouTube channel's new releases    Egypt's swimmer Osman quarantined in Red Sea resort after returning from US    Egypt's Zamalek to extend Carteron's contract after end of coronavirus    Comedy puppet Abla Fahita returns to screens during Egypt's curfew    Filling GERD will begin this rainy season: Ethiopian PM    Egypt's Supreme Council of Culture launches three new competitions    Freed from detention    Prosecution warns of EGP 300k fine or 2-year jail for spreading fake coronavirus news    Egypt, MENA growth forecast at 2.7%, -0.3% respectively: IIF    Al-Sisi discusses joint coronavirus efforts with Abu Dhabi Crown Prince    Saudi Arabia intercepts missiles over Riyadh    CBE temporarily regulates cash deposits, withdrawals    Lagging COVID-19 response to shield frail economy: Rouhani    Farwell to Egyptian comedian George Sidhom    Weekend's virtual concerts, plays, and festivals people can stream at home    Brazilian football stadiums transformed into hospitals to treat coronavirus patients    Amid coronavirus outbreak, Egyptian Premier League cancellation seems inevitable    Stay At Home: Ministry of Culture to publish free books online for public browsing    Ethiopia has not sent Egypt latest designs for GERD: Minister of Irrigation    Nigerien President hails Egypt's diplomatic attempts to reach agreement over GERD    Al-Sisi appreciates Kenya's support to Egypt's stance on GERD    Cairo court acquits Mubarak's sons of stock market manipulation    Egypt's President Sisi pardons some prisoners on 25 Jan. Revolution anniversary    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Egypt brings into Africa 2018 Forum plan to lure investment to Africa
Published in Amwal Al Ghad on 01 - 12 - 2018

Egypt, which holds the presidency of the African Union for 2019, has put Africa high on this year's Africa Forum agenda to address new investment opportunities in the continent.
Under the auspices of Egyptian President Abdel Fattah al-Sisi, Africa Forum will take place in Sharm El-Sheikh on December 7-9, with the theme of "Bold Leadership and Collective Commitment: Advancing Intra-African Investments".
At the forum, Egyptian officials will introduce a package of new ambitious development reforms aimed at a better future for Africa.
The forum will tackle measures needed to grow investments and achieve economic development in Africa through forming a strong integration between private and public sectors.
The event is expected to attract more than 3,000 delegates representing a wide range of disciplines across Africa and the globe, including heads of states, politicians, and business figures. They will hold in-depth discussions on opportunities to invest in giant projects in Africa along with meetings to form an all-round vision for the future of investment in the continent.
In addition, the forum targets building an advanced economic platform in Africa to drive financial and economic development, assist governments in creating new investment opportunities hinged on innovation, entrepreneurship, and women's economic inclusion.
Drawing wide participation from worldwide delegates, Africa 2018 Forum will reinforce the country's position as a regional hub for trade and investment in Africa, said Egyptian Minister of Investment and International Cooperation Sahar Nasr.
As one of the biggest emerging economies in the region, Egypt seeks to play a significant role in ensuring sustainable economic growth in Africa, Nasr added. That's why the Ministry of Investment was determined to invite chairs and senior executives from key firms and financial institutions across the world to take part in the forum, she explained.
"We are seeking to bring together all the active partnerships, a step aimed at achieving the African Union's 2063 strategy, the basic framework for the development of the continent," she explained.
Moreover, Nasr said authorities in Egypt are keen to ensure a more powerful cooperation between African countries in all developmental and investment areas for the prosperity of their people.
At the forum, Egypt will work on promoting global investments to Africa, a home of more than 1.2 billion people, she stated.
The forum will provide unparalleled opportunities for policymakers, financial institutions, and investors in Africa and worldwide to push investments in the continent's strategic sectors, Nasr concluded.
Meanwhile, Minister of Foreign Affairs Sameh Shoukry said Egypt attaches significant importance to enhancing intra-African integration, being the main vehicle through which it could can fulfil its collective developmental goals and achieve the targets of Africa's development Agenda 2063.
President Sisi is giving a top priority to boosting Egypt's investment and economic relations with Africa, Shoukry said.
"Egypt supports the early operationalisation of the African Continental Free Trade Agreement (AfCFTA). Once in effect, AfCFTA will be one of the largest free trade areas in the world, and will serve as the main platform for galvanising intra-continental trade and investment in Africa." Minister Shoukry said.
"We also believe that it is crucial to enhance the continent's infrastructure to achieve the desired economic integration, as the lack of adequate infrastructure, including power and trans-boundary transportation, increases the cost of doing business in Africa and adversely affects its growth."
In this context, Egypt stresses the need to further enhance Africa's private sector engagement and augment public-private partnerships to increase infrastructure investment, industrialisation, and developmental projects in Africa, Shoukry added.
Such goals come consistent with the long-established principle of "African solutions to African problems", which is held dearly in Africa, the minister stated.
From her side, Heba Salama, Head of COMESA Regional Investment Agency, revealed COMESA's immense pride for organising the Africa Forum for the third consecutive year in cooperation with the Egyptian government and under the patronage of President Sisi.
Hosting the forum rightfully presents Egypt as a strategic gateway to Africa and anchors further its commitment to the continent's development, Salama said.
An array of exciting and informed speakers will debate areas of great importance to the development of Africa, including energy, trade, tourism, logistics, infrastructure, and creative industries, she added.
Global investment partnerships are also under the spotlight as Africa explores greater collaboration with the international community in realising its goals, Salama concluded.

Clic here to read the story from its source.