Africa: Land of promise and diversity

Wednesday, 15/05/2024 16:52
(CPV) - Africa Day, observed on May 25 yearly around the world is a momentous occasion to commemorate the founding of the Organization of African Unity (OAU), which was created on 25 May 1963 as the precursor of the African Union (AU).
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This day provides an opportunity to celebrate the socio-economic achievements of the continent and to showcase the diverse rich cultures as well as the opportunities that the continent has to offer.

Today, Africa stands out as the land of opportunities with a vast potential for economic growth and development. It is also the land of promise and diversity.

In terms of numbers, Africa's economic potential is undeniable. The continent is expected to maintain an annual average growth above 4.3%. Africa's emerging middle class is projected to spend about $2.5 trillion by 2030. Annual growth of investments in Africa has reached 11%, and manufacturing industries are expected to attain $930 billion. Africa's vast natural and agricultural resources further bolster its economic prospects. The continent is home to 60% of the world's uncultivated arable land and 30% of the global reserve of minerals. It also possesses 10% of the world's natural gas.

Given these impressive figures, it's no surprise that the African continent has become a hub for several international partners. Africa is gradually affirming its role as a growth driver of the world economy.

The celebration of Africa Day by the Group of African Ambassadors serves also as a reminder of the promising prospects for the partnership between African countries and Vietnam, given the enormous economic potential these two regions possess. It also stands as a testimony to the principles of unity, solidarity, and cooperation. By enhancing cooperation, sharing knowledge, and addressing common challenges, African countries and Vietnam can forge a more just, prosperous, and inclusive world that benefits all./.

Khac Kien