Changsha(SONNA)-Deputy Prime Minister of the Federal Republic of Somalia, H.E, Mahdi Mohamed Guled on Thursday applauded Chinese Government efforts to organize the first China-Africa Economic and Trade Expo held in Changsha, the capital of Hunan province in central China, SONNA reported.
The Premier said in a speech that he delivered in the opening ceremony of the Expo that he recognized the efforts of all organizational partners of China for collaborating this historic meeting hub.
“China is a friend, investor and supporter of Africa and Somalia. Common prosperity requires innovation to promote and instill inclusive growth”, Mr. Guled said.
He urged both Africa and China to have opportunity to reflect and learn from one another, in order, they might achieve their goals of economies and developments to create win-win cooperation.
Explaining the situation of Somalia at moment in terms of security improvements, and business flourishing, he stated that schools are open and business are very busy, calling Chinese partners to invest the country.
He also reminded participants about Somalia’s strategic route and geographic location, abundant natural and human resources and traditional entrepreneurs’ spirits that made great successful opportunities to all investors.
“Somalia is among the most connected to trade and financial systems in Africa and China and many of our business have strong trade and investment partnership on both sides”, He emphasized.
The Somali Deputy Minister underscored the need to build on this partnership to expand financing opportunities for investment and trade to reach win-win outcome, accelerating benefits of our peoples.
“Somalia can be global leader in agriculture, fisheries, livestock, and tourism as well as hydro carbon and mineral resources. In banking, financing and ICT, Somalia is a continental leader with mobile money. Somalia is open economy and strong corporate governance with regulations”, He concluded.
On the other hand, Ugandan President Yuweri Musafane who was the only president from the 53 African countries at the China-Africa Economic and Trade Expo because others were represented by deputy prime ministers, ministers with ambassadors and representatives from different financial institutions.
Mr. Musafane recounted the historic friendship between China and Africa, the colonial periods in the continent, and the importance of such initiatives, saying ‘without a big market, prosperity is not possible’.