Parliament committee to address problem of stray dogs in Egypt    Lebanon PM Hariri agrees reform package in bid to resolve economic crisis: Official sources tell Reuters    EU plays for time as Johnson spars with UK parliament on Brexit    Shell Egypt to sell assets in Western Desert to focus on offshore exploration    Turkey and Russia to discuss removal of Kurdish militia from Syrian towns    Senegal's Generation Foot show up in Cairo for 'take-two' against Zamalek    WHO hails 'triumph' as Ebola vaccine gets European green light    Current and ex smokers may lower lung cancer risk with exercise    Bayern Munich defender Suele sidelined with torn cruciate ligament    Canada's Trudeau, main rival trade attacks as campaign come to conclusion    Live score: Manchester United v Liverpool (English Premier League)    Egypt's Sisi praises SCC's role in protecting justice, rights, freedoms    Egypt is first destination for foreign investments in Africa: World Bank    Leather exports fall 31.5% in 8 months due to global demand – official    Egypt's Qalaa Holdings to operate 100% of refinery units in January – official    France's President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    Egypt inks deal with Euroclear Bank to upgrade public debt management    Egypt's Cooperative Insurance Society to cover NGOs clients' loans    After a young pupil dies of meningitis in Egypt, tips to help prevention    Turkey plans presence across northeast Syria: Erdogan    Egypt's PM urges US's ADTRAN Inc. to invest in communications equipment    French President Macron receives Egypt's Coptic Pope Tawadros II at Elysee    Egypt urges its citizens in Lebanon to exercise caution as protests continue    'Passports should be valid for six months,' Egypt's foreign ministry advises citizens planning travel abroad    Grand Nile Tower Arts & Cultural Centre launches second round    Egypt's coach Hossam El-Badry satisfied with winning start despite technical problems    Luxor's new discoveries    Moroccan film Nomades scoops awards in Alexandria Film Festival    Toshiba's JV with Egyptian Elaraby opens regional HQ in South Africa    Six authors vie for Booker prize 2019, Atwood in the lead    In Photos: A sneak peek into rehearsals for the Cleopatra ballet world premiere    Sisi, Ethiopia's PM to meet in Moscow to discuss GERD issue    Sisi: army engaged in attrition phase against terrorism in Sinai since 2013    10K fans to attend Egypt's friendly against Botswana in Alexandria: EFA    Sisi, Ethiopia's PM agree to overcome obstacles in Nile dam talks    Farwell to Egyptian comic actor Talaat Zakaria    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    







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.