BUSINESS

COMESA ‘Africa 2017’ backs empowering of youth, women

December 10, 2017

Renad Ghanem



Saudi Gazette

SHARM EL SHEIKH| — The three-day Common Market for Eastern and Southern Africa (COMESA) "Africa 2017" has concluded successfully on Dec. 9 in Sharm El Sheikh, Egypt.

The conference discussed many issues that related to African region including integration mechanisms between African countries over the economic level and the methods consolidate their investments, and achieving sustainable development through the privet sectors.

The COMESA concluded with five main recommendations from the Egyptian President Abdel Fattah El Sisi, including increasing economic integration and encouraging new investment in African countries to raise economic growth and development, establish common projects, especially in infrastructure stage to support investment and trade exchange between the countries of Africa, the third recommendation is to enhancing the role of the African private sector among the investment boards in order to increase investment rates of African region and exchange experiences, implementing programs to stimulate entrepreneurship and adopt non-funding initiatives to increase youth as a pillar of the African economy, the fifth and last recommendation was empowering women in all economic activities as an effective element in the development process in Africa and as a key to achieving stability.

Sahar Nasr, Egyptian Minister of Investment and International Cooperation, said “we are delighted with the attendees, distinctive combination of African presidents, ministers, investors and young entrepreneurs along with heads of regional organizations and African foundations, about 3000 from African and the rest of the world had participated.”

She added that Egypt confirms its African role by hosting the 2017 Africa Conference, which is the largest investment forum in the continent that showcase the potential investment opportunities, that will contribute to achieving sustainable and comprehensive growth that provides millions of jobs for the people of Africa, To exploit these wealth and this will raise the standard of living of African citizens and improve their incomes in order to eliminate the problems of poverty and migration.


December 10, 2017
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