African Leaders Push For Investments At Egypt Summit

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Published Feb 21, 2016

African leaders and bankers turned out at an economic summit in Egypt on Saturday, vowing to push for trade and investments on the continent despite growing security concerns in the region. More than 1,200 delegates including some heads of state aim to sign business agreements during the next two days at the Red Sea resort of Sharm el-Sheikh, to attract private sector investments in Africa. Organisers hope the "Africa 2016" conference can build on a 26-nation free trade pact signed last year to create a common market on half the continent. Organisers are also seeking to turn the spotlight on Egypt as its economy remains sluggish after years of political turmoil following the ouster of longtime leader Hosni Mubarak in early 2011.