“Africa 2017” Forum To Be Held in Egypt

CAIRO, Egypt, December 5, 2017/ — Egyptian President Abdel Fattah Al Sisi will be hosting six African heads of state at the Africa 2017 Forum that will take place this week in the picturesque beach resort of Sharm El Sheikh, Egypt.

President Abdel Fattah Al Sisi
President Abdel Fattah Al Sisi

The President of Guinea, current chair of the AU, will be joining the Forum as well as the Presidents of Chad, Rwanda, Côte d’Ivoire, Comoros and Somalia. The Vice President of Nigeria is also expected as is the Prime Minister of Mozambique. The Forum will start with a Young Entrepreneurs Day, with 50 of Africa’s leading start-ups in funding and partner pitches.

 

According to a press statement, this business and investment Forum, whose theme is “Driving investment for inclusive growth’, has been convened to increase intra African investments and cross border collaboration. Egypt in 2015 hosted the signing of the tripartite agreement between the three regional economic communities SADC, COMESA and the EAC, and the Forum has been designed for African business leaders to play a greater role by investing in opportunities throughout the continent.

The first edition of the Forum took place in February 2016. This year the programme has been enhanced to include 2 exclusive Presidential Roundtables, where these business leaders will openly discuss policy with the African presidents present to help create a more conducive business environment, in addition to immense investment and business opportunities available in the continent. Youth and entrepreneurs will also play a prominent role. Over 50 of the continent’s brightest and most promising entrepreneurs have been invited to showcase their businesses and will be presenting them to investors and funds in a Deal room curated by Asoko Insights, the release said.

The Forum is being organised by the Ministry of Investment and International Cooperation of Egypt and the COMESA Regional Investment Agency (RIA). Speaking ahead of the Forum, Dr. Sahar Nasr, Minister of Investment and International Cooperation of Egypt stressed the importance of greater intra-Africa collaboration: “Intra-Africa trade is a valuable component of Africa’s and Egypt’s economic growth strategy,” she said. “For Egypt’s growth strategy, Intra-Africa trade remains a valuable component. Despite European and North American markets dominating Egypt’s trade activities, we have proximity to African markets as well as trade agreements with African nations. The markets where Egypt has seen an increase in its trade include North Africa, specifically Morocco, East Africa, specifically Kenya, South Africa and Sudan.”

Political Map of Egypt
Political Map of Egypt

The release further stated that Heba Salama, head of RIA, highlighted the responsibility of the private sector to devise innovative solutions. “The private sector can play an important role in filling in the US $93bn infrastructure gap. Manufacturing is another important sector where private sector support is needed. McKinsey Global Institute estimates that Africa could double its manufacturing output in 10 years, which could ultimately create between 6 million and 14 million stable jobs and boost African GDP growth.”

 

The Forum will take place between the 7-9th of December. The speakers feature some of Africa’s leading CEOs and policy makers, including Isabel dos Santos, Chairperson of Unitel Angola, Daniel Matjila, CEO, Public Investment Corporation, Dr. Ahmed Heikal, Founder of Qalaa Holdings, Tony Elumelu, Chairman of UBA, Vera Songwe, Executive Secretary of United Nations Economic Commission for Africa (UNECA), the press statement concluded.

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The West African Journal was a major magazine publication in the United States with a focus on the Mano River region and West Africa sub-region during the civil crises in Liberia and neighboring countries during the decades of the 1990s. This was the period when many citizens and others in the sub-region were fleeing their homeland due to conflicts, and the magazine was a reliable source of information covering developments in the region and in the Diaspora.  However, the magazine suspended publication several years ago but is now back. It is, therefore, delightful that The West African Journal has been reactivated. The print edition of the magazine, to be published monthly and distributed in the United States, West Africa, and other parts of the world, will provide analysis of the major events of the period under review. Due to challenges relating to availability of reading materials in the sub-region, a few hundred copies of every edition of the magazine will be distributed free of charge to libraries and reading rooms at schools and institutions of higher learning in the sub-West Africa sub-region. The Journal covers government/politics, economics/international trade/investment and partnerships, women's issues, showcase of tourism and historic attractions in West Africa in particular, and Africa in general, as well as cover the Diaspora, entrepreneurship, among others. The Journal also taps into growing interest in the Unites States regarding resource-rich Africa as the next frontier for global economic progress amid an increasing global competition for access to the continent’s abundant natural resources. The magazine will regularly cover bilateral and multilateral partnerships between the US/multinational agencies and Africa/individual African countries. More importantly, in considering the danger of Climate Change and Global Warming, The Journal serves as a strong and unrelenting advocate to create international awareness regarding Climate Change, especially how West African countries and the African Continent as a whole are being negatively impacted. Through its environmental coverage, The Journal promotes education and awareness for people to be empowered. Our experienced team of editors, reporters and feature writers are excited to bring the stories that impact politics, finance, economy, arts, health, education, climate change, women and youth issues in Africa today. Contact The West African Journal is registered and published in Washington, D.C., U.S.A. Plans are underway to open a bureau office in Liberia, from which operations in other West African countries will be coordinated. Our journalists, who bring decades of high engagement of news and reportage, include former BBC veteran correspondent Isaac D.E. Bantu, former Daily Observer Features Editor and publisher of the West African Journal Joe S. Kappia, and Pana Press Editor Tepitapia K. Sannah, and respected Photo journalist and editor Gregory Stemn. These experienced and internationally-respected journalists ensure a high standard of professional journalism. Information and inquiries for The West African Journal should be directed to the following: Editor-in-Chief; Email: WestAfricanJournalMagazine@gmail.com Isaac D.E. Bantu: Publishing Partner; Email: WestAfricanJournalMagazine@gmail.com Mailing Address: P.O. Box 55053, Washington, D.C. 20040-5053 USA Thank you. Managing Editor