Cote d’Ivoire is hosting the sixth edition of the Africa CEO Forum.
Ghana and Zimbabwe have all been making the same argument at the forum – Africa is open for business.
According to IMF projections, Ghana’s forecast to grow by over 8% this year, but it still needs to carry out significant fiscal reforms. Zimbabwe made a strong pitch for investments in commodities and services, but it’s making its pitch at a time when platinum prices are falling, and forecast to fall further.
CGTN’s Ramah Nyang is in Abidjan and he filed this report.
The event kicked off on Monday March 26 and ends on Tuesday March 27 with an award ceremony.
More than 1,200 key figures and decision makers from industry, finance and politics from 60 countries are in attendance with an aim of formulating action plans for the transformation of the Africa’s large companies.
We are committed to improving the ease of doing business in Zimbabwe –@edmnangagwa @africaceoforum #ACF2018 pic.twitter.com/MyBaUhNiM4
— Business Insider Africa (@BusInsiderSSA) March 26, 2018
Zimbabwe’s President Emmerson Mnangagwa in his opening remarks assured that his government is ready to eliminate all forms of investment restrictions and open for business as Zimbabwe is ready to contribute to food security in Africa while his Ghanaian counterpart Nana Akufo-Addo said the continent is home to the world’s fastest-growing region for foreign direct investment.
“With Africa’s population set to reach 2 billion in 20 years time, there are many opportunities to bring prosperity to our continent through hard work and innovation. We have the youngest, most vibrant population of any of the regions of the world,” said the Ghanaian President.
