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Mbabazi: Africa No Longer Block Of Catastrophes

viagra 100mg http://ca-uqam.info/wp-content/plugins/jetpack/modules/videopress.php geneva;”>“The tendency out there is to depict the continent as one country and some of the countries have fallen victim, recipe ” Mbabazi noted. “For instance, recipe when there is trouble in the Democratic Republic of Congo tourists are told to stop coming to Uganda.”

Mbabazi was participating in a panel discussion on ‘Myth busting: Investing in Africa’ during the World Economic Forum on Africa 2013 on Thursday. The 3-day conference started on Wednesday at the Cape Town International Convention Centre in Cape Town, South Africa.

The conference ran under the theme: “Delivering on Africa’s Promise”. Presidents Goodluck Ebele Azikiwe Jonathan of Nigeria and Dr. Thomas Yayi Boni of Benin attended the opening plenary that was led by Jacob Zuma, the president of South Africa.

“Despite institutional problems such as governance issues and corruption, we have made tremendous strides ahead,” Mbabazi said. He explained that Uganda had identified strategic bottlenecks, some of which needed collective solutions.

He called for strengthening economic blocks for regional integration and youth empowerment. These included the East African Community, the Economic Community for West African States (ECOWAS) and the Common Market for Eastern and Southern Africa.

Mbabazi said Uganda had democratized education and launched a comprehensive programme to address the skills gap among the youth. He called for massive investment in infrastructure and creation of an environment that boosts private-sector investment in Africa.

The measures would drive the economy, he said. The 5-member panel included the Chairperson and the first black woman partner of Deloitte Southern Africa, Ntombifuthi Mtoba and the Executive Secretary of the United Nations Economic Commission for Africa, Carlos Lopes.

Mbabazi and the other panelists discussed separating perception from reality in the development process of Africa, accessing the right information in the African investment climate and growing local African businesses into global players.

During the opening plenary South African President, Jacob Zuma said Africa could no longer be bypassed in major world economic decisions due to its abundant natural resources, investment destination status and population of close to 1.2bn people.

“As a huge emerging economy whose attitude to interact with the world has changed, Africa has a story to tell and a presentation to make particularly if you consider the fastest growing economies,” Zuma said.

Dr Donald Kaberuka, the African Development Bank (AfDB) president, the Chairperson of the African Union Commission, Nkosazana Dlamini Zuma and the First Deputy Managing Director of the International Monetary Fund, David Limpson, also addressed the opening plenary.

Kaberuka lashed at foreign aid, noting that it had failed to develop Africa. He said the continent had solved some of its problems such as sectarian politics, and was on the way to addressing other issues such as creaking infrastructure that had hindered its progress.

“We are launching a phase of mobilizing internal resources to invest in high-return projects on infrastructure,” Kaberuka said, adding that the AfDB was ready to mutually partner with African countries in their development path.

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