Ethiopia’s economic and social development activities in the region are testimonies that the nation is discharging share in the Africa integration agenda, said Prime Minister Hailemariam Dessalegn.

Efforts of connecting Ethiopia to Djibouti, Sudan, Kenya and South Sudan by power, road and railway transport are examples of its commitment to Africa’s integration, Hailemariam said while addressing the African international business forum 2016 underway in Sharm el Sheikh, Egypt.

Besides efforts of bolstering its economy, Ethiopia is working to connect with countries in the region, Hailemariam said.

Referring to the double digit economic growth over the years, the PM said the country is showing huge transformation in power, road and other infrastructure expansion areas.  Ethiopia wants its integration drive to go beyond the region, he added.

The premier also confirmed that the Grand Ethiopia Renaissance Dam project, which has huge role in realizing the planned economic integration, will also play part in creating sustainable development through ensuring fair sharing of resources.

Reiterating Ethiopia’s long held stance of shared utilizatiion of the Nile River, Hailemarim said the power generated from the dam will facilitate regional integration and promote shared benefit.

Economic development should embrace a transparent policy framework which takes into account objective realities of each country, he said, calling for close collaboration among citizens and institutions of the continent. 

Amicable linkages in the political and social fields among the countries will help increase flow of international capital and foreign direct investment to the continent, he said.

Presiding over the opening session of the forum, Egypt’s President Abdel Fatah el Sisi said Egypt will stand alongside its African brothers in supporting the integration agenda.

The country will also have a say in the implementation of the Free Trade Area, el Sisi said.

Over the last five years, Egypt’s investment in Africa has reached eight billion dollars, with its trade volume also showing increase.

According to el Sisi, Egyptian companies created huge jobs across the continent which is projected to increase over the coming five years.

African Development Bank President Dr. Akinwumi Adesina also expressed the bank’s support to the African integration agenda and development of African nations.  

According to Dr. Adesina, focus will be given to powering Africa, assisting the continent’s drive to become food self-sufficient, expansion of industries and improving livelihoods.

Egypt and the African Union Commission partnered in organizing the forum with the intention of encouraging Africa’s private sector and promoting Africa’s investment potentials, among others.

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