Mnangagwa teams up with dictator Masisi to protect himself in Davos – ZimEye

Mnangagwa joins forces with dictator Masisi to protect himself in Davos

Emmerson Mnangagwa, present in Davos at the World Economic Forum, allied himself with Mokgweetsi Masisi of Botswana and several other dictators.

The development means Mnangagwa is saved from tough questions.

Mnangagwa will co-chair a breakfast discussion around the African Continental Free Trade Area (AfCFTA).

Mnangagwa will co-chair the session alongside Botswana President Mokgweetsi Masisi, Namibian President Hage Geingob, Rwandan President Paul Kagame and Nigerian Vice President Yemi Osinbajo.

Organized under the theme “Friends of the African Continental Free Trade Area”, the working breakfast will explore how public-private partnerships can support the implementation of the AfCFTA.

The AfCFTA comprises 55 countries with a population of 1.3 billion and a combined GDP of approximately US$3.4 trillion, making it the largest free trade area in the world, both in area than by the number of countries.

The World Bank estimates that, if properly implemented, by 2035 the AfCFTA is expected to lift 30 million Africans out of extreme poverty and 68 million out of moderate poverty.

The same World Bank study reveals that the AfCFTA has the potential to increase intra-African trade by 81% by 2035. Currently, 54 out of 55 African countries have signed the agreement and 41 countries have ratified it. .

Zimbabwe is in the process of finalizing its tariff offer under the AfCFTA and hopes to reap huge trade benefits under the deal, according to the Minister of Industry and Trade, Dr Sekai Nzenza, in a speech given last month.

President Mnangagwa speaks with Zimbabweans living in Switzerland upon his arrival in Zurich for the World Economic Forum (WEF) yesterday.

Mr. Borge Brende, President of the World Economic Forum, will moderate the session while closing remarks will be delivered by Ms. Vera Songwe, Executive Secretary of the United Nations Economic Commission for Africa.

Later in the day, President Mnangagwa is expected to deliver a keynote address at a workshop on “Unlocking New Markets for Investment and Services”.

The workshop comes as huge sums of money are available for productive investment in emerging markets, but due to regulatory bottlenecks, “this capital is not going where it is most needed”.

The workshop will therefore explore how public-private collaboration can accelerate the scale and impact of investments in emerging markets.

Another event President Mnangagwa will attend is a panel discussion on restoring peace and order amid deepening geopolitical rifts that are reversing progress on key global goals.

In the middle of the morning, the President will participate in another informal roundtable of world economic leaders on the theme “Resilience for sustainable growth”.

The discussion, which will be attended only by political and economic leaders, without the media, will focus on the conflict in Ukraine, the Covid-19 pandemic and the effects of climate change on the “fragile food systems, global supply chains and energy”. networks”.

Participants are expected to propose the steps needed to build resilience at global and national levels.

Speaking ahead of tomorrow’s busy schedule, Stuart Comberbach, Ambassador and Permanent Representative of Zimbabwe to the United Nations and other international organizations in Geneva, Switzerland, said the WEF is a very important forum for Zimbabwe and that the fact that Zimbabwe has been invited means that it is recognized. within the international community of nations.

He said the WEF is not for speeches, “which are actually actively discouraged”, but for interactive discussions that offer strategies and solutions.

The idea is to allow participants to be very open and honest about the challenges facing the world and what can be done to address them, according to Ambassador Comberbach.

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