Egypt’s president Abdel Fattah El Sisi inaugurates Africa 2016 business, investment forum

Egypt’s President Abdel Fatah al Sisi inaugurated Saturday the Africa 2016 international business and investment forum in Sharm el Sheikh.Under the title, Africa 2016: Business for Africa, Egypt and the world, the conference is an Africa to Africa investment forum aims at strengthening business ties within Africa, both at a business and presidential levels.

The forum was inaugurated in presence of a number of African Heads of State.

It was initiated by the Egyptian Agency of Partnership for Development (EAPD,) the development arm of the foreign affairs ministry.

The two-day forum focus on boosting intra-Africa trade and investment by developing new and strategic public and private sector alliances. Over 1,000 African delegates are expected to take part in the forum.

President Abdel Fattah El Sisi said that attaining development is the main challenge facing Africa and requires developing mechanisms of African joint action.

Addressing the African Forum, President Sisi asserted that achieving development is the main challenge facing Africa, a matter which forces Africans to upgrade joint action and beef up regional integration.

He welcomed the participants in the forum, which is being held in Sharm el Sheikh that will always be a venue for African, regional and international summits and a bridge of communication.

For his part, Ethiopian Prime Minister Hailemariam Desalegn affirmed that Ethiopia supports initiative by President Abdel Fattah El Sisi to attain economic and trade integration among the African countries.

He added, in his speech at the Forum, that Egypt has contributed to African development through its commitment and continued affirmation on the importance of African.