Africa must shift from raw exports to value-added products: Sisi
South Africa has been represented by President Cyril Ramaphosa, who is also the chair of SADeC.
Egyptian President Abdel Fattah El Sisi has urged African nations to move away from exporting raw materials and instead focus on producing value-added goods. This call to action came at the end of the 8th African Union Mid-Year Coordination meeting, which took place in New Alamein. South Africa was represented by President Cyril Ramaphosa, who serves as the chair of SADeC.
During the gathering, El Sisi highlighted Africa's shift from being merely a consumer market to becoming a promising industrial and technological partner. He emphasized that economic growth cannot be achieved in isolation from a fair global financial system. Additionally, El Sisi pointed out that African countries often face unfair financing conditions.
President Ramaphosa utilized the occasion to meet with various leaders, such as African Union Commission chair Mahmoud Ali Youssouf, with the aim of strengthening bilateral cooperation amongst the nations.
Written by urgent.news from SABC News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
