Egyptian Foreign Minister Sameh Shoukry has pressed for action to enhance foreign and inter-African investments.
Truly, Africa is the biggest developing region now, but the level of investments remains low, Shoukry told the Africa 2018 Forum, currently taking place in the Egyptian Red Sea resort city of Sharm El Sheikh.
This is what this session is all about, Shoukry said on Sunday 9/12/2018, pointing to an African free trade agreement that was signed with the aim to increase inter-trade.
He added that this should also enhance investment opportunities to meet the 2063 development agenda.
Hopefully, the African Union could, under Egypt's presidency, endorse the agreement so that it becomes effective in 2019, Shoukry expressed.
For that to happen, Egypt will be hosting a meeting of African trade ministers soon with the aim to mend some points in the agreement so that it becomes executable, the top diplomat noted.
Shoukry stressed the need for African countries to achieve inner stability, which is vital to creating an investment-friendly climate and attracting businessmen.
This is done inside the continent through African peace and security mechanisms that are also meant to counter terrorism, he said.
Shoukry also touched upon the importance of infrastructure in achieving development and improving inter-trade.
Egyptian Foreign Minister Sameh Shukri will pay a visit to Addis Ababa next week for talks with his Ethiopian counterpart on the construction of the Renaissance Dam, a foreign ministry spokesman said.
The visit is due to the failure of the negotiations on the Renaissance Dam, which Ethiopia has established because of development issues...But in other side in Egypt , this dam will cause a huge disaster if it completed as it egypt will lose nearly most of its yearly amount of water.Egypt's suffering from water poverty and The Nile is a source of water for Egyptians.
The Egyptian-Ethiopian negotiations have been broken because of the Ethiopian side deliberately disrupting the role of companies that are interested in the technical aspect, while Ethiopia continues to build it without taking into account the tripartite agreement signed in 2014 between Egypt, Ethiopia and Sudan.
Ethiopia says the Renaissance dam "will have little impact on Egypt." It accused Egypt of "reviewing its political power to discourage financiers from supporting other Ethiopian electricity projects."
Delegates from Egypt, Sudan and Ethiopia met in Cairo in November, failed to approve the study of the environmental and economic impacts of the dam prepared by a French company.
Talks between the three sides stalled after they failed to agree on a preliminary report from the company.
"Egypt is not prepared to accept amendments to the report submitted by Khartoum and Addis Ababa," said Sudanese Minister of Irrigation Moataz Moussa.
The Sudanese minister pointed out that "Sudan and Ethiopia expressed their concern on several points, especially the basis on which the study measures the effects of the dam."
It is worthy to add that Both Sudan and Ethiopia are worked to stop the studies about the Renaissance dam, and played a deceiving role on Egypt for wasting the time, till Ethiopia ends its structure for the dam without any caring to any rights for Egypt.
International experts confirm that the dam has many risks and may cause complete drowning in Sudan and large parts of Ethiopia if it destroyed for any reason. Experts also said that the dam will cause the desertification of most of the Egyptian lands and may lead to the death of millions of Egyptians thirstly ...
While Sudan, which sees an interest in the dam next to Ethiopia, have another opinion that contradicts the Egyptian position.
By the visit of Egyptian FM Sameh Shukri to Addis Abba, it may rise up new talks and negotiation about the dam and the historical rights of Egypt in the Nile water..as well its right in life beside the right of Ethiopians for development.
Books / Abeer Almadawy
In the light of the official visit of Egyptian Foreign Minister Sameh Shukri to Germany for three days, which produced a number of important statements from the German side, especially with regard to the war on terrorism and adherence to all agreements and treaties with Egypt and stand by Egypt in the development and investment files today said the Egyptian Foreign Ministry that Germany is ready to mediate between the Nile Basin countries.
Where the Egyptian Foreign Ministry announced on Sunday evening that Germany expressed its willingness to "mediate between the Nile Basin countries."
In a joint press conference with his Egyptian counterpart Sameh Shukri,German Foreign Minister Ziegmar Gabriel announced in Berlin on Sunday his support for Egypt
The German Minister Gabriel expressed Egypt's concern about the dam of the Ethiopian Renaissance and stressed the need for Egypt to agree on any projects on the Nile River, stressing that "the Nile River for Egypt is a matter of life"
"In a controversial issue related to what is happening between the Nile Basin countries," according to an external statement issued after the conference.
"We have a great understanding and support for Egypt and the position of my Egyptian friends ... All what is happening on the Nile affects on Egypt, and Nile is the heart of Egypt, which is existential for them."
"Any project in Upper Nile should be in coordination with and in accordance with Egypt, and any projects in the Nile Basin should take into account the Egyptian interests," he said, stressing that Germany was ready to mediate between the different parties.