Hassan Abdalla at AfDB Meetings: Mitigating risks key to unlock full potential of private sector

By Yomna Yasser On May 24, 2023

Egypt Africa AfDB Hassan Abdalla — Egyptian central bank governor Hassan Abdalla talks at the African Development Bank's Annual Meetings in Sharm El-Sheikh on Wednesday, May 24, 2023

Egyptian central bank governor Hassan Abdalla has on Wednesday stressed on the importance of mitigating risks and fostering private sector returns in order to unlock the full potential of the private sector.

Speaking at the Speaking at the African Development Bank’s (AfDB) Annual Meetings taking place in Sharm El-Sheikh, Abdalla said that the private sector is not only needed for the funding but it is crucial to have an efficient management of the private sector and provide opportunities.

Abdalla, who is also the Governor for Egypt of the AfDB, further said that there are “trillion dollars of opportunities” in Africa.

“Africa is very well positioned with opportunities and not only opportunities with a competitive edge, but the edge of the resources of the human capital.” the Central Bank of Egypt (CBE) governor added following the launch of launch of the African Economic Outlook 2023.