Shoukry: CwA boosted G20 investments in Africa
Tuesday, November 19, 2019
Shoukry: CwA boosted G20 investments in Africa

State Information Service - Egypt

Foreign Minister Sameh Shoukry stressed the importance of the G20 Compact with Africa (CwA) summit and the role played by German Chancellor Angela Merkel to build an institutional framework for cooperation between the G20 and the African states.

The institutional framework aims to promote investment in Africa and boost opportunities of economic development, Shoukry said in statements on Monday on the side lines of President Abdel Fattah El Sisi's visit to Germany.

Positive steps have been taken over the CwA's previous two sessions, resulting in increasing G20 investments in several African countries, topped by Egypt, Shoukry pointed out.

President Sisi will discuss bilateral relations with Merkel and hold meetings with German officials and companies investing in Egypt which are looking forward to investment opportunities.

Sisi's visit will have remarkable outcomes in light of the great development in the Egyptian-German ties over the past four years, the top diplomat noted, adding the president seeks to achieve educational development through cooperation with Germany.

He pointed out that a number of agreements between Cairo and Berlin will be signed during the visit.

Regarding the Libyan crisis, Shoukry said Germany, as a leading European country and a G20 member, could create a framework for implementing a comprehensive political agreement covering all the Libyan issue's dimensions.

The international community should develop a joint vision, but the Libyan parties have to shoulder the responsibility and formulate their future, supported by the international community and that is what Germany seeks through the current talks, he added.

Concerning the difference in the Egyptian and European visions on the armament of the Libyan army, the foreign minister pointed out that Egypt always focuses on supporting Libya's national institutions which are the only ones capable of eradicating terrorism and maintaining the country's sovereignty.

The minister affirmed that Egypt pays attention to African affairs whether it chairs the African Union or not.