The investment in Africa by has increased to $10.2 billion with the $1.2 billion investment Africa in 2018.
According to Minister of Planning Hala el-Saeed, the cooperation between African countries will maximize integrated benefits from all available resources and possibilities inside the continent through encouraging infrastructure projects to boost intra-trade and mutual investment.
“Investing in Africa will benefit all parties and investors as a return of investment ranging between 30 to 40 percent in communication sector, exceeding 40 per cent in generating electricity and 80 per cent in roads,” she stated.
She said that achieving objectives of sustainable development on the international level within the continent will provide trade opportunities worth $12 trillion.
This could be in the fields of agriculture, food, health, building cities, generating energy and extracting minerals; that is in addition to creating 380 million job opportunities by 2030.
According to Saeed, the importance of the African Continental Free Trade Area (CFTA) agreement comes from being the biggest trade bloc in terms of the number of countries involved since the establishment of the World Trade Organization (WTO), targeting liberalization of commodities and goods movement within the continent.