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Aga Khan commends Africa's economic progress

Monday February 22 2016

NATION REPORTER
By NATION REPORTER
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Sharm el-Sheikh, Egypt

His Highness the Aga Khan on Sunday extolled Africa’s resilience, economic progress and new willingness to accept diversity.

“What I see emerging today is a refreshingly balanced confidence in Africa — a spirit that takes encouragement from past progress, while also seeking new answers to new challenges,” he said.

The Imam (Spiritual Leader) of the Shia Ismaili Muslims made the remarks in a keynote address to the Africa 2016: Business for Africa, Egypt and the World conference in Sharm el-Sheikh, Egypt, hosted by Egypt’s President Abdel Fattah el Sisi.

The Aga Khan noted the decidedly upbeat spirit about Africa’s economic future that emanated from the speeches of African leaders taking part in the conference.

“My enthusiasm today is especially strong because of the message which is at the heart of this forum. And that message is, quite simply, that Africa’s Moment has come,” he declared.

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While cautioning that Africa still faced formidable challenges, including high unemployment levels among the continent’s young people, he said that the continent had made significant progress in a number of key areas.

“The story of Africa’s progress and potential is also impressive — whether we talk about growing GDP and foreign direct investment, whether we look at economic diversification and national resiliency, whether we chart the rise of a vital middle class - and the expansion of consumer spending - now breaking through the one trillion dollar mark,” he said.