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Elham AbolFateh

Business

Africa needs annual investment of $ 170 billion: Expert

Thursday 06/December/2018 - 05:42 PM
Sada El Balad
Ahmed Moamar
Dr Sherif Al Gaby، Chairman of the Chemical Chamber at the Industries Union، said that African Investment Forum، COMESA 2018، is an opportunity that should be seized to support investment and development in Africa.
He added that local and international investors are called up to pump more investment in Africa.
Al Gably went on to sat in remarks to Sada El bald، that the forum will bring a great chance to present 2063 strategy to develop Africa to eliminate poverty and exploit natural resources in the continent.
He revealed that Africa needs annual investment of $170 billion to fund the vital needs and bridge in the gap in public budgets in African states across t he continent.
He states that investors of the private sector in the world acquire assets at $ 131 trillion.

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