ANGOLA TO STRENGTHEN ECONOMIC COOPERATION WITH EGYPT

LUANDA, Angolan Economy and Planning Minister, Pedro Luis da Fonseca, has said that the ongoing discussions between the Angolan and Egyptian authorities, aiming for a new era of economic co-operation, will strengthen the relations between the two countries.

According to a press release from the Angolan Embassy in Cairo, Pedro Luis da Fonseca said that Angola hopes to count on Egypt’s experience in implementing its strategic programme of diversifying the national economy, especially in sectors such as industry, agriculture, tourism, technology, energy and infrastructure.

He said this on the sidelines of his participation in the Africa Forum 2017, representing the Angolan President, JoAPound o Lourenco.

The forum, being attended by the Egyptian President, Abdel Fattah El-Sisi, brought together heads of State from African countries, with emphasis on Alpha Conde of the Republic of Guinea, Paul Kagame of the Republic of Rwanda and Alassane Ouattara, CAte d’Ivoire, as well as prime ministers, ministers, businessmen and diplomats from Africa.

da Fonseca also explained that Angola is pushing this programme to cope with the negative effects caused to the economy, resulting from the fall in the price of crude-oil in the international market, adding that for the successful execution of the programme the country is open to foreign investments that promote economic and business growth of the country.

As regards the Forum, it was marked by Egyptian President Abdel-Fattah El-Sisi’s statement to young entrepreneurs, having called on world leaders to pay more attention to the youth as it is a key element in the economic development process.

Source: NAM NEWS NETWORK