Time challenge needs to be addressed: Sisi

CAIRO – 9 December 2018: President Abdel Fatah al-Sisi said that the Africa 2018 Forum tackled the challenges in the continent, but there is a challenge that still needs to be addressed in Egypt and Africa.

Sisi commented after holding a panel discussion entitled" Strong Leadership and Collective Commitment - on marketing and supporting African investments", saying: Are the rates of work in Africa appropriate?”

He added that as we observe the rates in Africa and Egypt, we will find out that the developed countries have been ahead of us by many years, wondering if these rates will provide the African countries the time and the opportunity to be developed with the available standards and policies.

"These standards and policies can be the current economic and financial theories in the world's financing banks," he said.

Sisi stated that feasibility studies are not a decisive factor, noting that if Egypt had depended on the studies only, the country would have achieved only 20 to 25 percent of the current progress.

The president noted that he wanted to provide job opportunities for 4-5 million citizens, adding that this target was considered to be an investment saving the state.

The panel was attended by Minister of Foreign Minister Sameh shoukry; Minister of Investment Sahar Nasr; Minister of Electricity Mohamed Shaker; President of the Asian Bank for Infrastructure Investment Jin Liqun; President of the African Development Bank Akinwumi Adesina; CEO of the International Finance Corporation, the World Bank Group, Philip Huero and representatives the European Bank for Reconstruction and Development.