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EGYPT: Al-Sisi announces new resolutions to achievie economic integration in Africa

Africa 2018 Forum discussed developing continent’s infrastructure, creating new job opportunities.

 Sharm El-Sheikh, Dec. 10.– President Abdel Fattah Al-Sisi said Egypt will continue to exert efforts in order to ensure a brighter future for Africa, stressing that the Africa 2018 Forum was a great opportunity to prove Egypt’s desire to protect African interests. The president issued a number of decisions which aim to achieve economic integration in Africa, including the establishment of new funds and measures to facilitate African investment in Egypt.

During his closing speech at the third African Forum on Sunday in Sharm El-Sheikh, Al-Sisi pointed out that the forum allowed for the exchange of viewpoints and ideas about optimum ways to develop Africa, especially its infrastructure as well as creating new job opportunities.

Furthermore, the Egyptian president announced the establishment of the African Risk Insurance Fund to encourage Egyptian entrepreneurs to invest in Africa, and benefit from its massive opportunities. Al-Sisi also said that Egypt is in negotiations with international institutions in order to develop the continent’s infrastructure. He also instructed the acceleration of the establishment of the Cairo-Cape Town road so as to boost the commercial movement within Africa.

The new decrees also included establishing a new investment fund in the information technology infrastructure in Africa, aiming to develop and support technological and digital transformation in the region. Moreover, Al-Sisi launched the second phase of the national anti-corruption strategy 2019-2022 as well as activated the national academy to counter corruption.

Egypt is working on facilitating African business in the country ...

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