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Egypt’s Sisi urges peaceful conflict resolution, stronger state institutions in Africa

New Alamein (Egypt) Oct 3 (UNI) Egyptian President Abdel Fattah al-Sisi on Saturday called for peaceful solutions to conflicts in Africa, stronger state institutions and respect for national sovereignty, saying stability is an essential emponent to attracting investment and sustaining economic growth.
“Economic development cannot be built in unstable countries, and stability is not a luxury but a fundamental pillar sought by investors, manufacturers and farmers so they can operate in a safe environment,” Sisi said in an opening speech at the Alamein Africa Forum in the northern Egyptian city of New Alamein.
“Security begins with supporting the national state and its institutions, respecting its unity and sovereignty, prioritizing peaceful solutions to conflicts and crises, and upholding the principle of good neighbourliness,” he said.
The three-day forum, which opened on Friday, has brought together about 1,500 government officials, business leaders, investors and representatives of financial institutions from across Africa. Discussions are focused on economic development, investment and continental integration.
Sisi said Africa’s private sector is the main driver of the continent’s economies, accounting for more than 70% of gross domestic product.
But he said about 85% of transactions involving African private companies were conducted with businesses outside the continent, highlighting the scope for greater intra-African economic integration.
Despite trade agreements and preferential arrangements among African countries, intra-African trade has accounted for only about 18% of the continent’s total trade in recent years, Sisi said.
Sisi also called for a more peaceful and stable international environment, saying Africa should not have to bear the economic costs of crises in which it had not been directly involved.
“Africa aspires for a world characterised by peace and stability, rather than being made to bear the consequences of global crises in which it was not a party but whose negative repercussions it suffers,” he said.
He cited the energy crisis as an example, pointing to higher fuel and fertiliser prices as well as disruptions to supply and shipping chains that have affected African economies.
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