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Tanzania called on African countries to leverage their natural resources to develop a strong continental economy and advocated for multilateral partnerships based on mutual respect and sovereign equality. The statement came after a two-day summit in Nairobi focused on renewing Africa-France cooperation.
france24.comTanzania has urged African countries to harness their abundant natural resources to build a strong and resilient continental economy. Officials also advocated for global multilateralism that upholds mutual partnerships and sovereign equality. The statement was made shortly after the Africa Forward Summit on Africa-France Partnership for Innovation and Growth held in Nairobi, Kenya.
The two-day event ran from Monday to Tuesday and focused on renewing partnerships to foster shared prosperity. A Tanzanian official expressed confidence in the continent's capacity to drive its development agenda using its vast natural wealth. The official said Africa's resources can contribute to achieving development aspirations, including those in Tanzania's National Development Vision 2050.
The official commended the discussions at the summit and stated that the event had been beneficial to both the African continent and France. The official added that talks centered on mechanisms to strengthen cooperation for mutual prosperity. The Tanzanian delegation attended the high-level meeting on behalf of the country's leadership.
Officials said the summit formed part of broader efforts to fight poverty and create employment opportunities for vulnerable groups, including youth and women. All key pillars of Tanzania's National Development Vision 2050 were reflected in the discussions and presentations.
The leader advocated for global collaborations rooted in mutual respect and genuine partnership rather than extractive or exploitative engagements. The leader urged developed nations and global institutions to view Africa as a lucrative investment destination with abundant natural resources and a youthful population.
The leader said Africa must confront how it finances its own transformation. "The era in which Africa's development was principally framed through aid dependence and unsustainable borrowing must give way to a new paradigm grounded in investment, innovation, domestic resource mobilisation and strategic partnerships built on sovereign equality and mutual benefit," the leader said.
The leader added that Africa is the solution to many global challenges. The continent possesses critical minerals, fertile land, renewable energy potential, a growing consumer market, entrepreneurs and the world's youngest population. By 2050, one in every four people in the world will be African.
This positions the continent as a major contributor to the future global workforce, according to the statement. The summit seeks to redefine Africa's place in the global order by moving from outdated models of aid toward investment, enterprise and equal partnership.
Concern was expressed over high borrowing costs imposed on African countries by the global financial system, which officials said undermine infrastructure, climate adaptation and industrialisation efforts.
The president announced a pledge of approximately 27 billion dollars for projects in energy, artificial intelligence, the blue economy and agriculture. The investment package is expected to create about 250,000 jobs in Africa and France.
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