Tanzania's Deputy President Deogratius Ndejembi has emphasized the need for Africa to accelerate the implementation of its development plans and agreements. Speaking on behalf of President Samia Suluhu Hassan at the Alamein Business Forum in Egypt, Ndejembi stated that Africa has good policies, strategies, and agreements in place for development, but it needs to increase the pace of implementation.
The Deputy President highlighted the importance of investing in energy and infrastructure as the foundation for Africa's new growth. He cited Tanzania's experience in implementing large-scale strategic projects, including the Julius Nyerere Hydropower Project, which has a capacity to generate 2,115 megawatts of electricity. This project is part of Tanzania's efforts to increase access to reliable energy for its citizens and production activities.
Ndejembi also stressed the importance of cooperation between governments and the private sector, cross-border investment, and integrating African economies to reduce dependence on external markets and capital. He encouraged Africa to build an environment that attracts private sector capital to be directed towards projects that increase production, employment, and the value of the continent's resources.
The Deputy President cited Tanzania's experience in collaborating with other East African nations on strategic projects in the rail, oil, energy, and port sectors, which has stimulated trade and economic interaction in the region. He emphasized that Africa already has good policies, plans, and agreements in place, and what is needed now is to implement them in practice by changing mindsets, increasing cooperation, and strengthening political will.
The Alamein Business Forum was officially opened by Egyptian President Abdel Fattah El-Sisi and attended by various African leaders, including Burundi's President and African Union Chairman Évariste Ndayishimiye. Other attendees included leaders of African institutions, the private sector, and financial institutions. The forum aims to strengthen trade, investment, and cooperation between governments, African institutions, and the private sector to stimulate economic growth and development in Africa.
Other speakers at the forum, including Burundi's President Évariste Ndayishimiye and Aliko Dangote, Chairman of the Dangote Group, highlighted the need for Africa to leverage its resources to drive economic growth and development. They emphasized the importance of accelerating industrial growth, increasing the value of Africa's resources, and reducing dependence on external markets and capital.
Key points
- Tanzania's Deputy President Deogratius Ndejembi has called on Africa to accelerate the implementation of its development plans and agreements to ensure that the continent's resources and opportunities benefit its citizens directly.
- Africa needs to increase investment in energy and infrastructure to drive economic growth and development.
- The continent must strengthen cooperation between governments and the private sector, and integrate its economies to reduce dependence on external markets and capital.
