Africa to meet in Egypt to discuss future business relations

SHARM EL SHEIKH SET TO HOST AFRICAN LEADERS FROM BUSINESS AND POLITICS IN DECEMBER

(Posted 02nd August 2017)

Africa 2017

The Ministry of Investment and International Cooperation of Egypt and COMESA Regional Investment Agency announced today the holding of Africa 2017 (www.BusinessForAfricaForum.com), a high-level forum offering participants an unparalleled platform for promoting trade and investment within Africa. The Forum will be held under the High Patronage of H.E. President Abdel Fattah El-Sisi, President of the Arab Republic of Egypt from 07th to 09th of December in Sharm El Sheikh, Egypt.

The three-day conference will bring together high-level delegations of leaders in business and politics from across Africa and worldwide, including heads of state and some of the most important CEOs from the African continent.

Africa 2017 will kick-off with a Young Entrepreneurs Day (YED) that will seek to unite emerging entrepreneurs with more established ones, in addition to mentors, start-up hubs, angel investors and venture capital firms, to share ideas, network and help drive further the business ideas of tomorrow. The Africa 2017 YED has partnered with top-notch incubators, entrepreneurship programmes and VC funds. Egypt is known across Africa and the Middle East to have developed pro-innovation ecosystems where emerging entrepreneurs have been able to flourish.

In 2015, Egypt hosted the Tripartite Summit where a free trade agreement was signed, bringing together three regional economic communities, SADC, EAC and COMESA, effectively creating, with its 26 Member States, the largest trading block on the continent. This ‘borderless economy’ would rank as 15th in the world in terms of GDP.

Speaking on the Forum, H.E. Dr. Sahar Nasr, Egypt’s Minister of Investment and International Cooperation, reiterated the African opportunity based on business-minded reforms taking place across the continent: ‘The Forum has the objective of promoting investments into our continent, and especially cross-border investments. In Egypt, we have undertaken an ambitious economic reform programme, of which a key ingredient is improving the business environment and overall country competitiveness. Such efforts go hand-in-hand with our commitment to serve as a strategic gateway for Africa and the world‘.

As part of the Forum, Egypt will be showcasing its flagship mega-projects including the construction of a new capital city 45km outside of Cairo, and a number of industrial and special economic zone projects along the Suez Canal, among others.

This Forum reinforces Egypt’s commitment to support and enhance the economic and cultural integration of Africa and to spur investment into what is still one of the fastest growing regions in the world.

Commenting on the sustained investor confidence with regards to Africa and the Forum, Heba Salama, COMESA Regional Investment Agency Director, says that ‘Africa, and in particular the COMESA Region, continues to offer some of the best returns on investment in the world. Africa 2017 will be an unparalleled occasion to gather the architects of Africa’s future and drive further the transformative investment projects of tomorrow‘.

The Forum is by invitation only. Interested parties can apply for an invitation through the event website www.BusinessForAfricaForum.com.

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