Dr.Waly:CwA in Berlin contributes to boosting Africa’s economy

Founding Member of the Egyptian European Council Dr. Mostafa Waly commented on President Abdel Fattah e-Sisi’s visit in Berlin

Founding Member of the Egyptian European Council Dr. Mostafa Waly commented on President Abdel Fattah e-Sisi’s visit in Berlin to participate in the summit G20 Compact with Africa meetings saying that in 2017 Germany had launched such an initiative to support development and attract European investment to Africa. Nowadays, it is the exact time where Africa is on the forefront of the international community and decision makers’ assessment and we have to get the best out of it with Egypt’s efforts, he reassured.

In his interview with (Breakfast Show), he focused on the potentials and challenges in Africa. We need cooperation with Europe, he illustrated, for the sake of economic development which requires African countries to train its youth; this is human resources development and it is the main issue. He also underlined our pressing need to a concerted effort with the capacities of the G20 that will make a great difference to Africa.

He stressed that human resources is the problem of Africa because it has to do with youth and employment, so thriving prosperous economy means employment chances. In that regard, he mentioned that the G20 concentrates on the youth of Africa and heads to raising their capacities through education and training and IT business: the framework for economic development. 

Dr. Waly assured that small and medium enterprises play a very important role in contributing to the macro economy of countries. We can strengthen the partnership between international companies and African governments through the development of infra-structure projects, through mega projects that will pull a lot of employment chances, he pointed out.

In that regard, we need to increase the level of cooperation between the small and medium enterprises in the category of G20 developed countries, which is a very big business.

Further, he said that Egypt can play a big role in boosting African economy and cooperation with the G20. The Egyptian human capital can help Africans in training, education and implementation. The Suez Canal economic zone attracts many investments and is a key manufacturing hub and can play as a station for import to Africa, he highlighted.

To boost partnership with Germans, Waly called for maximizing the potentials with the German businessmen and showingthem that we are a very promising destination for their investments.

For his part, we have a lot of positives and we have to increase them.  Investors have to know that the minimum is available for their investment success in our country. Concerning tourism, he urged to promote tourism to Egypt by increasing our infra structure to absorb more of tourists, and knowing the interests of every sort of tourists.

President Abdel Fattah El Sisi's visit to Berlin for attending the G20 Compact with Africa summit, affirms strong ties between the Egyptian and German sides at the bilateral and regional levels. President Sisi is taking part in the summit upon an invitation from German Chancellor Angela Merkel to open up channels of dialogue among the participating heads of state and governments to promote the business climate and increase investment opportunities in Africa.

(Breakfast Show) is aired daily. This episode was presented by Hala el Hamalawy and Mahesty Rabei.