Opening of the Egyptian-African Economic Conference to discuss ways of cooperation under the patronage of the Prime Minister
Opening of the Egyptian-African Economic Conference to discuss ways of cooperation under the patronage of the Prime Minister
Previously, the African continent was viewed as a poor continent that could not do without economic aid and could not participate in development processes. Today, the African continent has become an active partner in the global development movement, and in this context, Egypt is adopting a strategy to enhance Egyptian-African cooperation as it is the heart of the African continent and a confirmation of the Egyptian-African partnership that has existed throughout the ages.
Egyptian African Economic Conference
The opening of the Egyptian-African Economic Conference, which was organized by Al-Ahram Hebdo newspaper, came under the generous patronage of Prime Minister Dr. Mostafa Madbouly, and in the presence of Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, on behalf of the Prime Minister.
The Minister of Youth and Sports, Dr. Ashraf Sobhi, Ambassador Karim Sharif, Assistant Minister of Foreign Affairs for African Affairs, and Engineer Ibrahim Mehleb, former Prime Minister of Egypt, also witnessed the opening. The conference was titled “The Africa We Want… Integration and Partnership for the Future.”
The conference also witnessed a distinguished press and media presence, including journalist Nevin Kamel, editor-in-chief of Al-Ahram Hebdo, Dr. Mohamed Fayez Farhat, Chairman of Al-Ahram’s Board of Directors, Engineer Abdel-Sadiq El-Shorbagy, Chairman of the National Press Authority, and Dr. Ahmed Al-Maslamani, Chairman of the National Media Authority.
Africa is the continent of solutions and opportunities
There, Dr. Rania Al-Mashat opened the first session of the conference, pointing out in her speech that Africa possesses enormous natural resources and a young human force that is the basis of the future, which imposes a vision different from the African reality.
Within the framework of enhancing economic integration, the Minister explained that Egypt is adopting a strategic approach and an integrated vision, as it has come a long way to develop its infrastructure to be a logistical center and a main gateway for trade and investment with the countries of the continent. She also touched on the financing dilemma, calling on international institutions to support emerging economies.
Novi Platform for Green Industries
The Minister reviewed the Egyptian experience of green projects through the “Novi” platform as a pioneering model for attracting green investments in the water, food, and energy sectors. She also expressed Cairo’s readiness to transfer this experience to our African brothers.
Youth Empowerment Strategy
In his speech, Dr. Ashraf Sobhi thanked Prime Minister Dr. Mostafa Madbouly, the sponsor of the conference, and the honorable attendance. He also expressed his happiness at attending this conference, which expresses the depth of Egyptian-African relations.
The minister added that the Ministry of Youth and Sports is adopting a strategy for Egyptian and African youth, targetingEmpowering youth, especially since the percentage of youth in Egypt reaches 65%, and by 2036 the percentage of African youth will constitute 42% of the world’s youth.
Egyptian industrial expansion in Africa
Talking about economic integration and industrial expansion in Africa must include infrastructure development, and also requires an active and direct presence of Egyptian companies on African soil, through implementing joint projects and establishing industrial complexes.
It is also worth noting the necessity of Egypt exploiting a large proportion of its industrial potential in the continent of Africa, and enhancing the presence of companies operating in various sectors there. This effective presence helps companies interact directly with the local market, transfer Egyptian technology, and increase the efficiency and speed of distribution and export at the African level.
The existing joint projects have proven that Egyptian and African minds and hands are capable of implementing the most complex projects with international quality without relying on foreign companies.
Egyptian-African relations
In the same context, Ambassador Karim Sharif, Assistant Minister of Foreign Affairs for African Affairs, confirmed that Egyptian-African relations are witnessing unprecedented momentum, translated by mutual presidential and ministerial visits, the activation of joint committees, and the implementation of joint projects, stressing that Cairo has been working since assuming the presidency of the African Union in 2019 to consolidate the principle of “African solutions to African problems.”
In conclusion, the real battle to attract investments is a battle of awareness and correcting concepts, and a digital strategy must be adopted targeting African youth to facilitate their access to information about financing opportunities and development programs, which makes digital strategies a real bridge to achieve continental economic integration.Homat Al-Earth Foundationbelieves in the importance of the role that Egypt plays in achieving African economic integration and achieving comprehensive sustainable development in a way that ensures the achievement of its various dimensions towards a higher quality and more luxurious life.
