Kaïs Saïed, during the opening ceremony of the TICAD 8 Business Forum: “Africa’s wealth is inexhaustible”

“Tunisia will continue its efforts to support the strategic partnership between Africa and Japan and open new horizons for Japanese investors, thanks to the country’s geographical location and its openness to several economic zones”, said the President of the Republic, Kaïs Saïed, during the opening ceremony of ” Forum Business” by Ticad 8.


In his speech at the opening ceremony of the Ticad 8 “Forum Business”, which took place yesterday in Tunis, the President of the Republic, Kaïs Saïed, emphasized the importance of the development of human capital, “this true inexhaustible wealth” as a lever. for growth and development in Africa. He emphasized that the African continent, in this specific global context, especially after the outbreak of the Covid-19 pandemic and the changes that have taken place in several countries, needs a new vision, new ideas and imaginations.

The continent holds significant natural resources and has all the means. However, it is the poorest continent“, he asserted.

Referring to Japan’s rebirth, which allowed it to reach the rank of world power while preserving its culture, its traditions and its outlook on life, Saïed stressed that several studies that have been developed have revealed the reasons for the Arabs and its failure . African Renaissance and the reasons for the success of the Japanese Renaissance. “The Japanese Renaissance succeeded thanks to a “happy marriage” between the ingrained Japanese culture and the hope for a bright future. Japan’s economic success was tremendous. Its reconstruction after the Second World War took only a few years, and the country became a world power“, he asserted.

The President of the Republic emphasized the poverty that is widespread in Africa and highlighted the gap between life expectancy at birth in Africa and that of Europe. “Poverty, internal conflicts, the absence of government based on the will of the people… it is time, today, for Africa to unite, despite the difficulties encountered, the internal conflicts and the famine that is raging on the continent“, he clarified further.

Saïed indicated in this context that the Covid-19 pandemic has exposed the gaps and inequalities that exist between North and South. He said that through this conference, Tunisia and Africa are striving to start a new partnership with Japan focusing on human resources. He added that human capital can only contribute to sustained growth within the framework of a stable political regime and in the absence of internal conflicts.

In this sense, he affirmed that among the main causes that have contributed to instability in Africa is the absence of institutions and sometimes of the notion of the state.

Referring to trade relations with Japan, the President of the Republic said that the volume of trade between Africa and Japan continues to grow to $28 billion and that Japanese investments now amount to $30 billion. “We need to strengthen our partnership with Africa and design new mechanisms that are different from the old mechanisms that have not made it possible to achieve the assigned goals“, he added.

Regarding the role of the private sector in development, the President of the Republic stated that it is necessary to introduce regulatory mechanisms that allow the private sector and young people to be the main actors and that promote the improvement of the business environment.

He said private investment cannot contribute to growth and development without political stability and social justice. “This can only be achieved through a shared vision to create a business-friendly and entrepreneur-friendly environment that attracts Japanese and African investors and entrepreneurs.”, he pointed out. He added that coexistence between the public and private sectors is possible as long as it has been proven in several countries.

The President of the Republic confirmed that sectors such as health, transport and social security must be supported by the state, while other high-growth activity sectors can be developed through a partnership between the private and public sectors. The President of the Republic called for reducing the debt of African countries and reinvesting them in productive sectors, stating that the accumulation of debt in Africa is a barrier to its development.

Tunisia will continue its efforts to support the strategic partnership between Africa and Japan and open new horizons for Japanese investors thanks to its geographical location and its openness to multiple economic zones.“, he hinted.

The President of the Republic also invited Japanese businessmen to invest and launch projects in Tunisia in cooperation with Tunisian entrepreneurs.

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