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World Economic Forum kicks off in Ethiopia

Egyptian delegation joins participants from over 70 countries in three-day conference to discuss ways of alleviating unemployment and poverty

Ahram Online, Wednesday 9 May 2012
Ethiopian PM
Ethiopia's Prime Minister Meles Zenawi attends a session at the World Economic Forum in Davos in January 2012 (Photo: Reuters)
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The World Economic Forum on Africa 2012 opened Wednesday in the Ethiopian capital of Addis Adaba, with youth unemployment, poverty and food security high on the agenda.
 
Egypt's delegation, headed by Minister of Industry and Foreign Trade Mahmoud Eissa, is joining participants from over 70 countries and public figures, including Kofi Annan, former secretary general of the United Nations.
 
The three-day event, convened under the title 'Shaping Africa's Transformation', will see officials discuss ways to encourage investment in emerging markets and broaden economic opportunities for citizens.
 
Africa's annual economic growth rate is set to exceed six per cent, but the continent still faces basic problems like youth unemployment, poverty, food insecurity, and crushing inflation.
 
Ethiopia was chosen as the forum's venue in what was said to be a reflection of the country's relative economic success -- figures last year showed it as one of the world's fastest growing economies.
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