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Tuesday, December 11, 2018
Egypt is taking over as the head of the African Union in 2019 and as such is positioning and promoting itself to become a cornerstone for intra-African trade. As 2018 comes to an end the government is getting started on its duties for 2019, hosting a high-level business forum in the Red Sea resort of Sharm el-Sheikh that will be followed by an intra-African trade fair in Cairo.
In a speech to the forum, President Abdel Fattah al-Sisi encouraged investors from inside and outside Africa to take advantage of opportunities on the continent as countries, including his own, pursued economic reform.
As chair of the African Union, “we will seek with sincere effort to build on what has been achieved over the past years and to complete our continent’s development agenda,” Sisi told the forum, which was attended by heads of state from other African nations.
While he is looking to kickstart projects with his fellow African nations he did question if African governments could enact change fast enough. Governments on the continent are well known for being bureaucratic and slow moving when it comes to getting business done.
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