3 May 2011

Africa: Nation At Economic Forum On Africa

Luanda — The minister of Economy, Abraão Gourgel, left Luanda on Tuesday for Cape Town, South Africa, to attend the World Economic Forum on Africa, from May 4-6.

Speaking to Angop before departing at Luanda's "4 de Fevereiro" International Airport, Abraão Gourgel said Angola will be attending the event with well thought out goals.

The event will bring together more than 700 representatives of world leaders in corporations, governments and organisations of the civil society that will be discussing the potential of the continent as one of the fastest growing regions.

According to International Monetary Fund (IMF) estimates, Africa south of Sahara will record a growth rate of 5,5 percent this year and 5,9 next year.

Investment opportunities in such sectors as mining, energy, agriculture, infrastructures, tourism and economy will be discussed at the meeting that will also focus on political tendencies, including in the Middle East.

Africa's mineral potential and economic perspectives have been attracting significant investments from China, India and other countries of the world, but the continent is still faced with great challenges like the instability in the global financial markets and prices of commodities, climate changes and sustainable and inclusive growth.

The event will receive addresses from such figures as South African president Jacob Zuma and Cabinet ministers in the fields of finance, commerce and industry, economic development, planning and others.

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