Commonwealth Business Communications
  • HOME
  • ABOUT
  • COUNTRIES
    • AFRICA
      • BOTSWANA
      • CAMEROON
      • GAMBIA
      • GHANA
      • KENYA
      • KINGDOM OF eSWATINI
      • LESOTHO
      • MALAWI
      • MAURITIUS
      • MOZAMBIQUE
      • NAMIBIA
      • NIGERIA
      • RWANDA
      • SEYCHELLES
      • SIERRA LEONE
      • SOUTH AFRICA
      • TANZANIA
      • UGANDA
      • ZAMBIA
    • ASIA
      • BANGLADESH
      • BRUNEI DARUSSALAM
      • INDIA
      • MALAYSIA
      • MALDIVES
      • PAKISTAN
      • SINGAPORE
      • SRI LANKA
    • CARIBBEAN AND AMERICAS
      • ANTIGUA AND BARBUDA
      • BAHAMAS
      • BARBADOS
      • BELIZE
      • CANADA
      • DOMINICA
      • GRENADA
      • GUYANA
      • JAMAICA
      • SAINT LUCIA
      • ST KITTS AND NEVIS
      • ST VINCENT AND THE GRENADINES
      • TRINIDAD AND TOBAGO
    • EUROPE
      • CYPRUS
      • MALTA
      • UNITED KINGDOM
    • PACIFIC
      • AUSTRALIA
      • FIJI
      • KIRIBATI
      • NAURU
      • NEW ZEALAND
      • PAPUA NEW GUINEA
      • SAMOA
      • SOLOMON ISLANDS
      • TONGA
      • TUVALU
      • VANUATU
  • AREAS OF WORK
    • GOVERNMENT
    • EDUCATION
    • HEALTH
    • ICT
    • INFRASTRUCTURE DEVELOPMENT
    • NATURAL RESOURCES
    • SUSTAINABLE DEVELOPMENT GOALS
    • TRADE AND INVESTMENT
  • OUR PUBLICATIONS
    • CHOGM
      • COMMONWEALTH HEADS OF GOVERNMENT INTERIM REPORT 2020
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2018 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2015 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2011 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2009 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2007 REPORT
    • HEALTH
      • COMMONWEALTH HEALTH REPORT 2022
      • COMMONWEALTH HEALTH REPORT 2020
    • EDUCATION
      • COMMONWEALTH EDUCATION REPORT 2021
      • COMMONWEALTH EDUCATION REPORT 2019
    • MINISTERS
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2017
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2015
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2014
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2011
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2010
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2009
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2008
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2007
    • FINANCE
      • COMMONWEALTH FINANCE MINISTERS REPORT 2012
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2010
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2009
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2008
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2007
    • TRADE AND INVESTMENT
      • AFRICA INFRASTRUCTURE INVESTMENT REPORT 2013
    • QUEEN AND COMMONWEALTH
      • QUEEN & COMMONWEALTH: CELEBRATING HER MAJESTY’S PLATINUM JUBILEE
      • QUEEN & COMMONWEALTH: 90 GLORIOUS YEARS
      • QUEEN & COMMONWEALTH: CELEBRATING HER MAJESTY’S DIAMOND JUBILEE
  • CONTRIBUTORS
  • CONTACT US
Commonwealth Business Communications
Commonwealth Business Communications
  • HOME
  • ABOUT
  • COUNTRIES
    • AFRICA
      • BOTSWANA
      • CAMEROON
      • GAMBIA
      • GHANA
      • KENYA
      • KINGDOM OF eSWATINI
      • LESOTHO
      • MALAWI
      • MAURITIUS
      • MOZAMBIQUE
      • NAMIBIA
      • NIGERIA
      • RWANDA
      • SEYCHELLES
      • SIERRA LEONE
      • SOUTH AFRICA
      • TANZANIA
      • UGANDA
      • ZAMBIA
    • ASIA
      • BANGLADESH
      • BRUNEI DARUSSALAM
      • INDIA
      • MALAYSIA
      • MALDIVES
      • PAKISTAN
      • SINGAPORE
      • SRI LANKA
    • CARIBBEAN AND AMERICAS
      • ANTIGUA AND BARBUDA
      • BAHAMAS
      • BARBADOS
      • BELIZE
      • CANADA
      • DOMINICA
      • GRENADA
      • GUYANA
      • JAMAICA
      • SAINT LUCIA
      • ST KITTS AND NEVIS
      • ST VINCENT AND THE GRENADINES
      • TRINIDAD AND TOBAGO
    • EUROPE
      • CYPRUS
      • MALTA
      • UNITED KINGDOM
    • PACIFIC
      • AUSTRALIA
      • FIJI
      • KIRIBATI
      • NAURU
      • NEW ZEALAND
      • PAPUA NEW GUINEA
      • SAMOA
      • SOLOMON ISLANDS
      • TONGA
      • TUVALU
      • VANUATU
  • AREAS OF WORK
    • GOVERNMENT
    • EDUCATION
    • HEALTH
    • ICT
    • INFRASTRUCTURE DEVELOPMENT
    • NATURAL RESOURCES
    • SUSTAINABLE DEVELOPMENT GOALS
    • TRADE AND INVESTMENT
  • OUR PUBLICATIONS
    • CHOGM
      • COMMONWEALTH HEADS OF GOVERNMENT INTERIM REPORT 2020
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2018 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2015 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2011 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2009 REPORT
      • THE COMMONWEALTH HEADS OF GOVERNMENT MEETING 2007 REPORT
    • HEALTH
      • COMMONWEALTH HEALTH REPORT 2022
      • COMMONWEALTH HEALTH REPORT 2020
    • EDUCATION
      • COMMONWEALTH EDUCATION REPORT 2021
      • COMMONWEALTH EDUCATION REPORT 2019
    • MINISTERS
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2017
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2015
      • MINISTERS REFERENCE BOOK COMMONWEALTH 2014
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2011
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2010
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2009
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2008
      • COMMONWEALTH MINISTERS REFERENCE BOOK 2007
    • FINANCE
      • COMMONWEALTH FINANCE MINISTERS REPORT 2012
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2010
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2009
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2008
      • COMMONWEALTH FINANCE MINISTERS REFERENCE REPORT 2007
    • TRADE AND INVESTMENT
      • AFRICA INFRASTRUCTURE INVESTMENT REPORT 2013
    • QUEEN AND COMMONWEALTH
      • QUEEN & COMMONWEALTH: CELEBRATING HER MAJESTY’S PLATINUM JUBILEE
      • QUEEN & COMMONWEALTH: 90 GLORIOUS YEARS
      • QUEEN & COMMONWEALTH: CELEBRATING HER MAJESTY’S DIAMOND JUBILEE
  • CONTRIBUTORS
  • CONTACT US

Economic Diplomacy Can Conquer Poverty And Create More Jobs In Africa

  • CBC News Team
Total
0
Shares
0
0
0

Remarks made by President Uhuru Kenyatta during official trip to Zambia

President Uhuru Kenyatta yesterday said economic diplomacy offers the best opportunity to conquer poverty and joblessness in Africa.

He called on those in positions of power to provide quality leadership by getting actively involved in economic diplomacy that delivers opportunities for growth and transformation.

President Kenyatta spoke at Avani Victoria Falls Resort in the tourist town of Livingstone in Zambia, when he addressed the inaugural National Economic Summit at the invitation of President Dr Edgar Lungu.

Economic diplomacy is an engine that developing countries are employing to drive faster economic development especially in Africa.  It is becoming a major theme of the external relations of virtually all countries.  Economic Diplomacy promotes a country’s foreign and financial relations in support of its foreign policy.

Current trends include increasing collaboration between state and non-official agencies, and increased importance given to World Trade Organization issues, the negotiation of free trade and preferential trade agreements, and accords covering investments, avoidance of double taxation and financial services among others.

President Kenyatta was the only sitting Head of State invited to the summit also attended by former Tanzanian President Dr Jakaya Mrisho Kikwete.

President Kenyatta, who is in Zambia on a two-day official visit said that for economic diplomacy to succeed in Africa, leaders must bring on board all relevant stakeholders including the private sector to ensure synergy of all actors.

“This combined strength enables us to maximize on the use of the available scarce resources,” the President said.

The Head of State said economic diplomacy has become a priority for many countries worldwide adding that African countries are not in competition with each other and are only interested in strengthening connectivity across the continent.

“Economic Diplomacy in Africa offers an opportunity to focus on the entire ecosystem for driving the prosperity agenda for our countries,” he said.

President Kenyatta who was the keynote speaker at the national conference, invited Zambia Airways to start flying to Nairobi, emphasizing that competition is good for growth and called on African countries to stop blocking access to their markets.

The President said the current attention on intra-Africa trade, investment and commercial agenda is responding to the reality of a globalized world.

He pointed out five fundamental realities that underline the importance of economic diplomacy in Africa, including the fact that more than 95 percent of the world trade is being transacted outside of the African continent.

The President singled out the high cost of doing business in Africa and the many barriers that exports from the continent face in global markets as some of the challenges leaders must address.

“Africa is the only continent that has the least trade and investment with itself,” President Kenyatta observed adding that the continent is the most affected by the new challenges of globalization, supply chains, data flows and block chains.

On the positive side, the Head of State observed that African cities are fast becoming the new global engines of economic growth.

“The rate of economic growth in the global South far exceeds the one in the global north and is essentially located in developing countries and in particular on the continent of Africa,” he said.

The more than 65 per cent of uncultivated arable land in Africa, the President said, presents a huge opportunity for increased agricultural production on the continent to feed itself and the rest of the world.

The President, who was invited to the summit during the recent COMESA summit in Nairobi by President Lungu, said he was greatly honoured to be the key-note speaker at the forum especially now that Africa is rolling out the African Continental Free Trade Agreement (AfCTA).

“This Summit stands in good stead to take forward some of the discussions and commitments to grow regional and intra-regional African trade,” said the President.

The two-day summit themed, 'the future of Economic Diplomacy' sought to establish how economic policies, bilateral trade and investment agreements, and international organizations anchor inclusive growth and sustainable development in Africa.

President Kenyatta thanked his host for the invitation to the forum saying Zambia and Kenya share a common aspiration of economic growth and national transformation for the benefit of their citizens.

“This Summit is opportune and timely. Let us use it constructively to generate ideas and feasible solutions that can take Zambia and our Continent forward,” the President told the participants that grouped together top captains of industry, academia, civil society , government and international stakeholders.

“Because we share the same aspirations, Kenya and Zambia support each other's growth and development processes and have been strategic and cooperative partners,” he added.

President Lungu said his country will remain committed to the continued bilateral cooperation with Kenya adding that his administration is keen to ensure the prosperity of the entire continent.

Besides seeking solutions for the economic challenges facing Zambia and the African continent, the forum also sought to fashion homegrown solutions for sustainable economic development.

Kenya and Zambia enjoy warm relations driven largely by deep commercial ties and and people-to-people interactions. The two countries cooperate in many areas including agriculture, tourism, education, ICTs, transport, trade, investment and regional security.

The Presidency, Kenya

Kenya_Zambia_Flags.jpg

Share this:

  • Click to share on Twitter (Opens in new window)
  • Click to share on Facebook (Opens in new window)
CBC News Team

Previous Article

NATIONAL DAY – MALDIVES

  • CBC News Team
Read More
Next Article

President Ramaphosa welcomes African Education Ministers

  • CBC News Team
Read More
You May Also Like
Flag of Nauru
Read More
  • Uncategorized

Celebrating Nauru Independence Day

  • CBC News Team
  • 31 January 2023
Malta encourages bilingualism with new policy
Read More
  • Education & Youth
  • EDUCATION
  • MALTA
  • EUROPE
  • Uncategorized

Malta encourages bilingualism with new policy

  • CBC News Team
  • 12 January 2023
Read More
  • Uncategorized

FREEDOM DAY – SOUTH AFRICA

  • CBC News Team
  • 27 April 2022
Read More
  • Uncategorized

Anzac day

  • CBC News Team
  • 25 April 2022
Read More
  • Uncategorized

HM THE QUEEN MARKS 70 YEARS AS HEAD OF COMMONWEALTH

  • CBC News Team
  • 5 February 2022
Read More
  • Uncategorized

NATIONAL DAY – GIBRALTAR

  • CBC News Team
  • 10 September 2021
Read More
  • Uncategorized

BIRMINGHAM 2022 FULLY ON TRACK TO STAGE WORLD CLASS EVENT

  • CBC News Team
  • 6 June 2021
Read More
  • Uncategorized

CGF COMMISSION SET FOR LATEST REVIEW OF BIRMINGHAM 2022

  • CBC News Team
  • 31 May 2021
OUR LATEST PUBLICATION

Subscribe to our Newsletter

PARTNER FOCUS
Recent Posts
  • Former President of South Africa to oversee Nigeria elections
    Former President of South Africa to oversee Nigeria elections
  • Celebrating Grenada Independence Day
    Celebrating Grenada Independence Day
  • Commonwealth pledges support to Sri Lanka amid global challenges
    Commonwealth pledges support to Sri Lanka amid global challenges
  • Celebrating New Zealand Day
    Celebrating Waitangi Day

Subscribe

Subscribe now to our newsletter

Commonwealth Business Communications
  • HOME
  • About
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2022 Commonwealth Business Communications Limited. All Rights Reserved.

Input your search keywords and press Enter.