Page 36 - Albert News Today

Economic landscapes, thats very good evidence of large investments in infrastructure. it can be rail lines. it can be seaports. it can be energy systems like electricity and urban transportation and other facilities. those are very visible across africa, and they have been built by the chinese. nobody can deny they are there. yes. so, china has really done quite a considerablejob in promoting infrastructure development across africa through the belt and road initiative. and albert, youre speakin...

Of the huge growth potential and growing population as well as natural resources. so these will be key elements in the growth of the global economy in the future. its in recognition of this that the north and the south want deeper interdependence, and its welcome. you know, albert, iam wondering if this is the likes ofjapan, the us, the eu, simply trying to play catch up in africa and theyre all worried just how far behind they are to china when it when it comes to african investment. from 2000 ...

The united states. flori is the big boss of corporate council on african. an absolute pleasure having you on this show. good luck with everything and ill talk to you soon. great. thank you so much for having me. so, with customers for its valuable natural resources just queuing up at the door. africa seems to be in a strong position, but its also a continent full of countries with huge debts to the rest of the world. so, just how is it going to turn its opportunities into prosperity? well, thats...

Need to be and i quote, more transparent. you share that concern? how do you make sure that happens? transparent scene is very much important. one of the things that we fully want to reach an agreement on is to be very open about the issues that are on the table. there should be no hidden clauses. there have been hidden clauses in the past. and albert, my friend, let me end on this. one thing that youve been working on and youre still trying to get it fully implemented is the african continental...

To to make better deals. yes. having established the african continental free trade area, the next stage is to move it towards an african customs union. so we are moving in that direction and once we have that done that, then we are creating the conditions for policy harmonisation, macroeconomic policy convergence. at that stage, africa should really be able to speak very strongly with one voice on all global economic issues. well, on that point, ambassador albert muchanga, the african union tra...

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