African leaders call for continent to unlock capital at Egypt business summit
"Around 85 percent of African private-sector transactions are conducted with companies outside the continent," he said, adding that the forum was intended to help African firms identify opportunities closer to home and build cross-border partnerships.
African leaders argued for unlocking the continent's capital at a business summit in Egypt on Saturday, saying Africa can "do much better" in financing its growth and reducing reliance on external funding.
The summit also comes as Egypt seeks broader African support in its long-running dispute with Ethiopia over the Grand Ethiopian Renaissance Dam, which Cairo sees as a threat to its share of Nile waters.
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