Settling Disputes With Businessmen Crucial, Insurers Foster African Interdependence: Kandil

Egypt’s Prime Minister Hesham Kandil affirmed the government’s commitment towards creating a suitable investment climate and settling disputes with businessmen including former regime tycoons.

Egypt has many natural resources and economic potentials and the government has set an economic reform plan focusing on the poor to achieve social justice, he noted.

Developing Suez Canal Corridor into a global center for industry and logistics services is one of the main plans of the government to achieve economic development, he added.

Kandil hailed insurance companies for meeting their liabilities and paying large compensations in the transitional period.

The Prime Minister affirmed that African countries have to unite to be able to face the current challenges and achieve economic renaissance. Africa needs stability to be able to overcome its crises and it also needs to benefit from the experiences of other countries in developing poor infrastructure which is a main difficulty that hinders its development, Kandil stressed.

Egypt targets to inaugurate the land road connecting Cairo, Khartoum, Addis Ababa and Johannesburg by which economic development and advancement can be achieved.