AFRICA CEO FORUM 2016 hosts Presidential debate on regional integration

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The AFRICA CEO FORUM 2016 hosted the Presidential debate on regional integration during the closing debate held on 22 March 2016.

About recent attacks in Mali and Côte d’Ivoire, President Alassane Ouattara says the security threat must not undermine regional integration as our countries separately are small in size with low population with few exceptions.

John Dramani Mahama, President of the Republic of Ghana hopes these attacks will rather push for strengthening regional cooperation.

“We must share our intelligence and anti-terror means,” states Mahama.

Both presidents downplayed the exposure of Africa to the global economic conditions.

Alassane Ouattara says many countries envy the growth of African countries higher than the world average.

“Africa is not hit hard because of our resilience due to the structural adjustments we implemented earlier,” says Mahama.

He further states that African countries can even leverage on of the tougher economic situation in other regions to attract investors, including through cheap labor and developing tax incentives.

The two countries, representing 60% of world cocoa production, are eager getting industrialized to create more value.

The President of Ghana recalled the goal of transforming 50% of cocoa production by 2020.

In doing so, they will turn like the OPEC of cocoa according to the Ivorian president.

Ouattara stresses the need to start developing simple industries such as textiles and mining without forgetting to increase energy production for the operation of our plants.

Electricity generation is one of the key topics of regional integration as evidenced by the creation of the future common electricity market in West Africa.

The two presidents wish to step up this integration in all areas, while intra-African trade still represent less than 30% of the aggregate.

The President of Ghana expressed his desire to remove all borders by developing a transport infrastructure network and a network between the countries of the subregion, which represent a huge reservoir of consumers.

President Alassane Ouattara welcomed the leadership of Nigeria in harmonizing the regional integration.

For more information log on : www.theafricaceoforum.com 

 

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Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 16 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email: news@biznisafrica.co.za

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