APS : Sunday, 04 December 2016
ALGIERS-Participants in the opening panel of the African Investments and Business Forum in Algiers highlighted Saturday the need for a joint action between states and companies with a view to ensuring the continent’s sustainable economic development.
Participants in this panel unanimously urged African countries “to unite to face the challenges and threats facing Africa” at the economic and social levels.
In this regard, President of the Business Leaders Forum (FCE) Ali Haddad highlighted the need for exchanges between the African countries while the world witnesses climate, food, health and economic uncertainties and geostrategic and disruptions.
In a statement to the press on the sidelines of the Forum, agreements and contracts will be inked Sunday and Monday between Algerian operators and their African counterparts in their fields of activity.
For his part, Vice-president of the African development Bank (ADB) Amadou Hott presented the strategy adopted by the institution to ensure the continent’s sustainable and inclusive growth.
Named “Top 5,” the strategy focuses on five priority goals: Light up and power Africa, Feed Africa, Integrate Africa, and Improve the quality of life for the people of Africa.
ADB’s representative stressed that “these focus points are a referential framework for African companies and offer opportunities to launch investment projects.”
Director General of the United Nations Industrial Development Organization (UNIDO) Li Young affirmed, for his part, that industrialization would be the main vector of Africa’s social and economic development.
In this regard, he called on investors to opt for partnership projects in the fields of energy, infrastructures and services, and focus on telecommunications and finance.
Kenya’s FM Amina Mohamed Djibril suggested the lifting of administrative constraints hindering economic integration in Africa, particularly those relating to the free movement of persons and goods in Africa.