20.7 C
Sierra Leone
Wednesday, February 1, 2023

President Bio Addresses Intra-Africa Trade Fair

HomeAYV NewsPresident Bio Addresses Intra-Africa Trade Fair

President Bio Addresses Intra-Africa Trade Fair

Date:

Related stories

Western Area School Feeding Targets 57,530 Pupils

The Ministry of Basic and Senior Secondary Education in...

Ministry of Tourism Hosts Capacity Building Training, Certifies 50 Participants

The Ministry of Tourism and Cultural Affairs (MTCA), and...

Police Boss Admonishes Recruits on integrity, professionalism

The Inspector General of Police (IGP) William Fayia Sellu...

AYV MEDIA EMPIRE LIVE- Yung Sal

AYV MEDIA EMPIRE LIVE- Yung Sal in the studio

 

President Bio said the intra-Africa trade pact was grounded on the fact that African countries collectively had a shared destiny and a shared commitment to a common goal, adding that the continent must collaborate around trade and invest in sister nations.

He reiterated his position that trade and investment, and not mere aid, would transform African economies and bring about the much-desired future they aspired to for their people. He said African countries must prepare their economies for investment by making governance institutions and the environment for trade and investment simple, predictable and favourable.

“Our public financial management and tax regimes must be predictable and simple to understand. We should clamp down on graft, predatory actors, and red tape that frustrate and discourage credible investors. We should continue making purposeful capital investments in energy and critical infrastructure that support to sustain and support economic activity.

“My government, for instance, desires credible private sectors to take a look at the very important investment opportunities in our tourism, agriculture, fisheries sectors among others. We have the bargaining power of 1.2 billion people and a market of 1.2 billion people in Africa. Indeed, inspired by possibilities, we can make the future ever better for Africa,” he said.

The President also encouraged other African leaders to remove cultural, structural and attitudinal barriers that impede women from becoming active and equal collaborators in the development process. He said he was truly inspired by women and that Africa must go beyond tokenism and merely satisfying proportional slates, adding that his country had embraced women as partners in development.

 “In Sierra Leone, women serve our nation as Ministers of Economic Planning and Development, Deputy Minister of Finance, Attorney General, and much more. But our women are also leading our corporate bodies and commissions and we want to increase the numbers and visibility of women in the private sector,” he said.

He further stated that he was inspired by young entrepreneurs discussing new ecosystems, fostering collaboration, pondering on how to leverage the power of the digital economy, identifying innovative pathways and access to new markets with new products, and ever brimming with talents. He noted that that was sufficient justification for his government’s massive investment in the human capital development of the younger generations of Sierra Leone.

The Forum is a two-day conference that aims at providing a platform for Heads of State and government as well as private sector and business leaders in Africa and the world to discuss a wide range of business and development issues in the Continent and to engage with some of Africa’s most important economic partners and stakeholders.

Business News

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Previous article
Next article

Western Area School Feeding Targets 57,530 Pupils

The Ministry of Basic and Senior Secondary Education in partnership with Plan International (MBSSE) has officially launched the School Feeding Programme in the Western...