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Egypt's Sisi Attends Africa Investment Summit in Berlin
Source: 10/30/2018

Egyptian President Abdel-Fattah El-Sisi participated in the afternoon session of the Africa investment summit in Berlin in the presence of German Chancellor Angela Merkel and a number of African leaders.

The session discussed turning African countries into attractive markets for investment and the guarantees needed to boost the confidence of investors in the African investment environment, a move that will contribute to establishing various development projects.

Addressing the session, the German chancellor asserted her keenness on seeing stability in Africa and supporting its development march. Merkel said that she is keen to offer help to several African countries that suffer from poverty and water scarcity.

The G20 Africa Partnership initiative aims to remove obstacles facing investors and take measures to overcome bureaucracy, Merkel said. The German chancellor expressed appreciation of the efforts exerted by the International Monetary Fund and the World Bank to co-finance the G20 Africa Partnership initiative.

On that score, she voiced hope that Japan, which will chair the G20 in 2019, will continue giving attention to this initiative.

Merkel also asserted her country’s keenness to provide all forms of support to African countries in the fields of education, training and modern development policy.

She added that Berlin is also keen to cooperate with local civil society organisations, which she said have a role in achieving sustainable development.

Germany also supports small and medium enterprises, she said. The German chancellor also commended the role played by China in cooperating with African states.

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