During the African Development Bank (AfDB) Annual Meetings in Nairobi, Somalia's Minister of Finance, H.E. Bihi Iman Egeh, delivered a keynote address highlighting the need for collaborative efforts to strengthen African economies. He emphasized the compounding crises of the COVID-19 pandemic, climate change, and geopolitical conflicts, which disproportionately affect Africa's vulnerable populations. Minister Egeh called for tailored economic reforms, increased investment in critical infrastructure, climate adaptation measures, and social safety nets. He also urged a fundamental reevaluation of the existing financial architecture and emphasized the need for genuine solidarity and cooperation between African nations and international partners. The Minister's address sparked renewed determination among participants to confront Africa's challenges and build resilient economies.
Meanwhile, Jason Hayward, the Minister of Economy and Labour from Bermuda, attended the AfriCaribbean Trade and Investment Forum and the Afreximbank Annual Meetings in The Bahamas. The conference focused on the theme 'Owning Our Destiny: Economic Prosperity on the Platform of Global Africa' and aimed to strengthen partnerships between the Caribbean and Africa. Minister Hayward met with representatives from Ghana and Nigeria to discuss deepening economic and technical cooperation. He emphasized the need for Bermuda to expand its horizons, embrace new economic partners, and evolve its global offerings. The presence of Minister Hayward at the conference highlights the growing interest in strengthening African Caribbean relations and the recognition of the potential for economic prosperity through collaboration.
The participation of both Somalia and Bermuda ministers in these conferences underscores the importance of international cooperation and partnership in addressing global challenges and promoting economic growth. The exchange of ideas and experiences between African and Caribbean nations can lead to innovative solutions and mutually beneficial opportunities. By fostering stronger ties, these countries can leverage their strengths and resources to overcome common obstacles and achieve sustainable development.
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