World Economic Forum on Africa to address Africa's transformation

The 22th World Economic Forum on Africa opened on Thursday in the capital city of Ethiopia with more than 700 participants, which is aimed to address the transformation of Africa's development as the continent is seeking to sustain its economic growth. Under the theme "Shaping Africa's Transformation", the meeting's agenda integrates three pillars: strengthening Africa's leadership, accelerating investments in frontier markets, and scaling innovation for shared opportunities. "The theme implies that the world community is beginning to recognize that Africa is indeed becoming an attractive investment destination," said Dr. Garrison Ikiara, lecturer of International Economics at the University of Nairobi and former permanent secretary in the ministry of transport. "The forum should show all international investors that the continent is no longer the Dark Continent," he said, adding Africa is now ready to receive investments. He said the forum should serve as a platform to provide confidence to investors who were afraid of investing in the continent due to perceived instability.