The Minister of Foreign Affairs, African Cooperation and Moroccans Abroad, Nasser Bourita represented King Mohammed VI at the 4th Africa Investment Forum, which is being held in the new administrative capital of Egypt (North-East Cairo).
The Forum, which is attended by ministers, government officials, experts and economic actors, investors and civil society representatives from many African countries and the world, is examining ways to establish African cooperation between governments and the public and private sectors in several vital areas in the continent.
Organized by the Egyptian Ministry of Investment under the theme “Investment in Africa”, this two-day forum aims to build regional and international dialogue on investment development in strategic sectors and infrastructure in Africa to stimulate a new dynamic in African trade, as well as to consolidate the regional complementarity between the private and public sectors and the governments, the aim being to bring out a modern African economy based on innovation.
Speaking at the opening of the forum, Egyptian President Abdel Fattah Al-Sissi stressed that responsibility for development in Africa is not only the responsibility of governments, but requires the pooling of efforts and partnership with the private sector to promote investments and take advantage of the continent’s enormous resources. Countries’ efforts must be directed towards increasing the volume of African trade and the implementation of the African Continental Free Trade Area (AfCFTA), he added.