The vice president of Confederation of Employers and Industries of Spain (CEOE) and president of CEIM, Juan Pablo Lázaro, inaugurated the conference to analyze and learn first-hand about the “Compact with Africa” initiative of the G20. He stressed that the initiative, which emerged under the German G20 Presidency, has as a priority objective to encourage private investment, in order to boost the economic and social development of Africa.

Lazaro said that Spanish businessmen have always insisted on the need to improve economic governance and establish a safe and predictable regulatory framework that favors private entrepreneurship, as essential requirements to encourage investment, promote the development of a local productive fabric and promote public-private partnerships, and these will undoubtedly play an important role in the development of infrastructure and energy projects in Africa.

At the moment, eleven countries are part of this initiative (Benin, Cote d’Ivoire, Egypt, Ethiopia, Ghana, Guinea, Morocco, Rwanda, Senegal, Togo and Tunisia), although this number is expected to increase in the next two years.

The opening session was concluded by the Tunisian ambassador in Spain, Wacef Chiha, who highlighted Tunisia’s strong commitment with Compact with Africa, its willingness to transform its economy and change its development model, through new rules of transparency.

Investment opportunities in Morocco and Tunisia
After the inauguration, the Deputy Director General of Mediterranean Countries, Africa and the Middle East, Ministry of Economy, Industry and Competitiveness, Miriam Perez Nogueira; the economic and commercial advisors of Morocco and Tunisia; the representatives of the investment agencies, AMDIE and FIPA and the coordinators of the Compact with Africa analyzed the reforms in the framework of the initiative in Tunisia and Morocco and the investment opportunities in both countries as a result of it. The General Director of Commerce and Investments, José Luis Kaiser, closed the event.

Source: CEOE