Arab Today, arab today world economic forum on africa outlines solutions for transformation
Last Updated : GMT 03:57:19
Arab Today, arab today
Arab Today, arab today

World Economic Forum on Africa outlines solutions for transformation

Arab Today, arab today

Arab Today, arab today World Economic Forum on Africa outlines solutions for transformation

World Economic Forum
Kigali - XINHUA

Participants at the World Economic Forum on Africa wrapped up a three-day meeting here on Friday outlining solutions the continent needed in face of various challenges.

Makhtar Diop, the World Bank's Vice President for Africa, said this era of low commodity prices was "a wonderful opportunity" to invest in agriculture, a sector that has been neglected.

"Efforts need to be made to increase the proportion of land under irrigation, use technology to improve productivity and reduce farmers' risk levels through insurance and other measures," he said.

The Grow Africa initiative, co-led by the forum, NEPAD and the African Union, announced that, to date, 2.3 billion U.S. dollars of private-sector finance has been invested, benefitting 10 million small-holder farmers and creating 88,000 jobs.

The forum also noted the need to address perceptions of risk on the continent to help investors understand what its markets have to offer, and develop success stories highlighting the capability of Africa's people and institutions to deliver complex projects, quality local content and innovation.

Pravin Gordhan, Minister of Finance of South Africa, said that African countries need to focus on mobilizing their own resources and implementing projects that will demonstrate Africans' ability to deliver.

This, he said, would give investors comfort and alert them to the benefits of investing on the continent and the good returns that are on offer there.

Fredrik Jejdling, President of Ericsson's sub-Saharan Africa Region, South Africa, said his company's 120 years on the continent is proof of its commitment to the future of Africa.

Despite some hurdles at present such as currency devaluation, they do not detract from the long-term attractiveness of the markets in Africa, he added.

Claver Gatete, Rwanda's Minister of Finance and Economic Planning, emphasized that regional connectedness is key to enhancing economic growth.

He cited several initiatives undertaken by the East African Community related to the mobility of labor, skills and visitors within the region, of technology, of capital markets and of goods from the port at Mombasa to countries inland.

This has increased the region's attractiveness as an investment destination and stimulated business activity and improved efficiency.

These initiatives, he said, are driven by leaders in the participating countries, showing what can be achieved with the right political will.

AU Special Envoy for Women, Peace and Security Bineta Diop called for investing in women, saying it was important because they represent more than 50 percent of the population.

More than 1,200 participants from over 70 countries participated in the World Economic Forum on Africa, which began on Wednesday. It was conducted under the theme "Connecting Africa's Resources through Digital Transformation."

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today world economic forum on africa outlines solutions for transformation Arab Today, arab today world economic forum on africa outlines solutions for transformation

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 11:43 2017 Wednesday ,22 February

South Africa budget throws light on fractured ANC

GMT 11:35 2017 Wednesday ,22 February

British economy grows 0.7% in final quarter of 2016

GMT 06:04 2017 Wednesday ,22 February

Hammond closes in on budget goal

GMT 05:34 2017 Wednesday ,22 February

Euro zone economy outlook shines

GMT 04:10 2017 Wednesday ,22 February

US stocks finish at another all-time high
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday