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African Dignitaries Join Investment Forum, Aims to Establish a Free Trade Zone

(Credit: Spencer Platt/Getty Images) NEW YORK, NY - SEPTEMBER 28: Egyptian President Abdel Fattah al-Sisi addresses the United Nations General Assembly on September 28, 2015 in New York City. The ongoing war in Syria and the refugee crisis it has spawned are playing a backdrop to this years 70th annual General Assembly meeting of global leaders. World Leaders Address The UN General Assmebly
February 19
8:34 AM 2016

Muhammadu Buhari, President of Nigeria and Abdeslam Bouchouareb, Algerian minister for industry and mines, will attend the Africa Investment Forum summit- 'Africa 2016'. The summit will be held on Saturday and Sunday in Sharm El Sheikh of Egypt with participation from the other nations of Africa, Egypt and World Forums.

Africa 2016 is the African international business forum for those concerned with doing serious business in Africa, the world's last investment frontier. Furthermore, it is expected to help public and private sector in networking, discussions and in further advancing African business projects.

The event will discuss the possibility of establishing an African free trade zone. The forum may decide to hold periodic discussions posing challenges towards the African continent.

Several Egyptian ministries under the patronage of Abdel Fatah el Sisi, have been involved in organizing the conference. Egyptian Agency of Partnership for Development and COMESA Regional Investment Agency under the umbrella of European Union Commission appear as the partner in organizing the summit.

Objective of the forum is to accelerate private sector engagement and investment within Africa. It also aims to help in developing new ties and partnerships and to highlight the African opportunity, reports StarAfrica.

In addition to Egyptian President, Presidents of Nigeria, Togo, Sudan, Kenya, Gabon and Equatorial Guinea will present key notes during the summit. Prime Minister of Ethopia and Algerian minister for industry and mines are also expected to address the forum. Other confirmed distinguished speakers include Dr. Akinwumi Adesina, President of the African Development Bank and the President/CEO of Dangote Group, Aliko Dangote, reports AllAfrica quoting a statement of Femi Adesina, Special Adviser to the President Buhari on Media and Publicity.

The Algerian minister is expected to hold several meetings to exchange his country's views on different issues pertaining to the African continent. He will focus on the challenges faced by the process of conducting business in Africa. Moreover, he will seize the opportunity to present business opportunities in Algeria that may lead to partnerships with African countries, reports Ennahar.

All the distinguished guests from neighboring African countries are expected to meet Egyptian political leaders on the sidelines of the forum. They will exchange pleasantries and views on current issues and common interests related to the mainland.

Egyptian government in collaboration with several development organizations will inaugurate a regional business summit- 'Africa 2016'. Aim of the conference is to remove barriers for conducting business in Africa and establishing a free trade zone. Country and business leaders are expected to present key notes before the Africa Investment Forum scheduled to take place this week.

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