Mudavadi urges Europe, Africa to work together for better investments

Source: Capital FM Kenya
Author: Wangechi Purity

NAIROBI, Kenya, Mar 12 - Prime Cabinet Secretary, Musalia Mudavadi has urged Europe and Africa to work together to harness opportunities that will translate into tangible actions for countries.

Mudavadi on Monday said by prioritizing sustainable development, promoting inclusive growth and fostering collaboration across sectors, both regions can unlock their full potential, paving the way for a brighter future.

He also welcomed Denmark's commitment to sustainable development, saying there are immense opportunities for Denmark and Africa to align their policies and investments with sustainable development goals.

"Let us remain steadfast in our dedication to cooperation and dialogue, translating our discussions into tangible actions that foster positive change in our societies. Together, we can build stronger partnerships, foster innovation, and create a more prosperous world for future generations," Mudavadi said.

He made the remarks during the start of the Danish Government's new approach to strengthened partnerships with Africa representing President William Ruto at the High Level Dialogue meeting in Copenhagen.

"We have witnessed a tremendous improvement in the level of engagement between Denmark and Africa and more so with Kenya as a comparison 15 years ago and now. What we need to focus on are the structures of engagement to see if they are having the necessary impact required on the African continent," he said

The prime CS lauded the government of the Kingdom of Denmark for its support on Africa's trade and investment initiatives saying Africa and Kenya in particular is ready to foster more friendly partnership amidst the global competitive market.

He argued that there is a need for engagements that will yield a structure that has a greater impact on the livelihoods of Africans and help African countries get out of poverty and crises stating that this will make a lot of sense to the partnerships between Denmark and European Countries at large with Africa.

"For Instance, what we need to ask ourselves is what can Europe or Denmark do to help African Countries navigate some stringent and difficult trade regulations like those within the World Trade Organization Set-Up?" he questioned.

He explained that strengthening cooperation entails fostering regional integration and collaboration across sectors, adding that creation of the Africa Continental Free Trade Area (AfCFTA) as a single market for the continent provides an incentive for Denmark and Europe to invest in value-added production in Africa.

"By supporting the full realization of the aims of the AfCFTA Europe can contribute to enhanced trade dynamics, promote economic diversification and foster regional stability," said Mudavadi

Photo details Prime CS Musalia Mudavadi together with Mette Fredriksen, the Prime Minister of the Government of the Kingdom of Denmark.