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US-Africa Business Summit: Partnering for Sustainable Success

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Mokgweetsi Masisi Botswana President US-Africa business summit

By Kestér Kenn Klomegâh

The Corporate Council on Africa (CCA) held the US-Africa business summit in Dallas, Texas, on May 6-9 with the theme US-Africa Business: Partnering for Sustainable Success gathered several African leaders, senior US and African government officials, and corporate business executives to review performance, discuss existing challenges and chart future pathways into the commercial spheres across Africa.

While it aims at forging strategic partnerships and exploring investment opportunities, the participants gain important insights from industry experts and business thought leaders. Principally the Texas summit hosted the largest African diaspora population of any state in the United States. Dallas, as the location of headquarters and major business operations for a large number of Fortune 1000 firms, was the ideal location to facilitate the exchange of ideas and strategies that will shape the future of US-Africa business relations and private sector-led economic growth both in the United States and on the African continent.

Speeches and discussions were delivered successfully. Among the African leaders who delivered speeches included President Mokgweetsi E.K. Masisi of the Republic of Botswana, President Faure Gnassingbé of the Republic of Togo, and Dr. Lazarus McCarthy Chakwera of the Republic of Malawi. The presence of large numbers of African leaders and representatives, in fact, underscored the importance of the summit as a platform for high-level discussions and economic partnerships between the United States and Africa.

Dr Mokgweetsi E.K. Masisi, President of the Republic of Botswana, has made a strong case for Botswana as a top investment destination, citing the country’s stability, progressive policies, and strategic initiatives promoting economic growth and sustainability.

The Botswana leader spoke during the ‘Doing Business in Botswana’ session in Dallas, Texas. Addressing a strong audience of potential investors, and summit attendees, President Masisi outlined Botswana’s strategic priorities under the ‘Reset Agenda,’ which aims for significant post-pandemic recovery and sustainable development. He emphasized vital areas such as digitization, value-chain development, and green energy, highlighting the country’s commitment to digital innovation and boosting key economic sectors such as agriculture, tourism, and mining.

President Masisi also called for enhanced women’s role in trade during the summit’s panel session, organized by the African Women’s Entrepreneurship Program (AWEP) in partnership with the United States Department of Commerce Commercial Law Development Program (CLDP), the Africa Women and Youth Empowerment Group (AWYEG), and the Corporate Council on Africa.

President Masisi pointed out women’s significant economic contributions, particularly through informal cross-border trade valued at $17.6 billion. In spite of their contributions, women frequently face exploitation and violence, with little protection. To address these challenges, Botswana’s head of state emphasized the importance of the African Continental Free Trade Area (AfCFTA), which is expected to boost Africa’s income by $450 billion by 2035 and significantly increase intra-African exports.

Standard Bank, the leading bank and financial services group in Africa, championed the vital role of global trade, economic development and robust partnerships at the opening of a power-packed U.S.-Africa business summit. With Texas as an international business hub and home of a large and vibrant African diaspora community, the event carries significant weight for Dallas, a gateway to global markets and cross-cultural connections.

“Trade and investment are economic lifelines, and this meeting links immense potential in Africa with the powerhouse market of the United States,” said Anne Aliker, Standard Bank’s Group Head, Corporate and Investment Banking, Client Coverage. “Both offer abundant growth opportunities, leveraging Africa’s markets and resources while providing avenues for US businesses to diversify.”

African countries’ effective participation in the ever-evolving international trade landscape is central to boosting the continent’s development. While African exports of goods and services have registered faster growth in the past decade, the volumes remain low, stagnant and heavily skewed toward primary goods.

Aliker said the policymakers must broaden their perspective beyond conventional methods to engage actively in today’s broad markets. Although Africa has about 18% of the world’s population, it has only about 2.9% of global GDP and only 2.2% of world exports. According to the US Census Bureau, Africa exported $38.1 billion worth of goods to the U.S. and imported U.S. goods worth $28.6 billion in 2023.

“Trade is deeply rooted in Africa’s history and essential for its future development. We’re committed to using our position, presence and insight to inform and grow the continent’s trade ecosystem,” she said.

Discussions over the reauthorization of the African Growth and Opportunity Act (AGOA), a cornerstone of US efforts to cultivate deeper economic relations with sub-Saharan Africa, allowing countries there to export certain products to the US duty-free. Last July, the Biden administration reported facilitating more than 900 deals across 47 African countries since 2021, for an estimated $22 billion in two-way trade and investment. Also, the US private sector sealed investment deals exceeding $8.6 billion.

Fielding questions on the sidelines, Jonathan Stember says the growth potential in Africa is considerable and the US must rethink its business mindset and strategy towards Africa. As a prominent figure in political and corporate global campaigns for over 25 years, Jonathan Stember says there are broad areas of win-win partnerships and cooperation between US firms and entities and Africa.

Creating a reliable partnership, whether in Africa or globally, mirrors the challenges inherent in any business endeavour—it demands dedication and perseverance. Mutual trust is key for success among all parties involved. Communication, a fundamental aspect of human interaction, plays a crucial role in nurturing these partnerships. Our efforts have resulted in the establishment of bridges that facilitate connections between Africa and the US, fostering mutual growth and understanding. Africa presents an array of prospects spanning technology, youth empowerment, food security, trade and commerce, and the establishment of sustainable economies.

During the business sessions, CCA was proud to partner with the Millennium Challenge Corporation (MCC) to celebrate its 20th anniversary and highlight MCC’s $10.4 billion US government investment in infrastructure across more than 24 African countries. From power projects to roads, ports, education, ICT, health and more —MCC’s 42 country-driven development programs address binding constraints to economic growth. A high-level event celebrating MCC’s 20th anniversary featured distinguished guests, including President George W. Bush and other notable U.S. government and African leaders.

MCC has worked side-by-side with partner countries to deliver on priorities that promote entrepreneurialism, private sector business investment and job creation for two decades. MCC’s anniversary event promises to set the tone for the summit, showcasing government and private sector commitment to partnership, US-Africa trade, investment, business, and sustainable economic development.

The US-Africa business summit served as a platform for African and US private sector and government representatives to engage at the highest levels on a range of issues impacting the US-Africa economic relationship. The sessions focused on key sectors including agribusiness, energy, health, infrastructure, security, trade facilitation, ICT, creative industries, and finance.

The participants networked with key private sector and government officials, explored new business opportunities, interacted with potential business partners, and forged new business deals. In addition, the gathering also served as an opportunity to shape and advocate for effective US-Africa trade and investment policies. Over the last 30 years, CCA has hosted over 50 US and African Heads of State and over 15,000 participants at its summits.

One distinguishing feature in US-African relations is the Global Development Alliance (GDA) is USAID’s premier model for public-private partnerships. Its connectivity and support for the African-American diaspora in immeasurable. According to World Bank Statistics, remittance inflows to sub-Saharan Africa soared from $49 billion in 2021 to an estimated $68 billion. Beyond remittances, Africa stands to benefit largely from the input of its diaspora considered progressive in the United States.

Over the years, African leaders have been engaging with their diaspora, especially those excelling in sports, academia, business, science, technology, engineering and other significant fields that the continent needs to optimize its diverse potentials and to meet development priorities. These professionals primarily leverage various sectors and act as bridges between the United States and Africa. President Joe Biden has created the African Diaspora Advisory Council as part of the presidency. It has been working closely together to deepen and fortify America’s strategic partnerships with the African diaspora in the interests of sustaining meaningful stability between Africa and the United States.

Until today, the Young African Leaders Initiative (YALI) continues to run various educational and training programs including short professional courses, conferences and seminars for Africans. It has some other economic development programs, like the Academy for Women Entrepreneurs program. Since its inception in 2019, this program has provided more than 5,400 women throughout Africa with the training and networks they need to start and scale small businesses.

The United States is not only the undisputed leader of the free world but also home to the most dynamic African diaspora. The African diaspora ranks amongst the most educated immigrant groups and is found excelling and making invaluable contributions in all sectors of life-business, medicine, healthcare, engineering, transportation and more. The contribution of the African diaspora is not negligible, we see more of them appointed to senior government positions by President Joe Biden.

US Trade Representative Katherine Tai also told the gathering there about the necessity to establish more investment, in addition to market access. The duty-free access for nearly 40 African countries has boosted development, and fostered more equitable and sustainable growth in Africa. The AGOA offered promise as a “stepping stone to address regional and global challenges” with Africa’s young and entrepreneurial population. The future is Africa, and engaging with this continent is the key to prosperity for all of us, according to Katherine Tai.

The last 2023 business summit was a tremendous success which took place in Botswana. The participants – most importantly – private sector corporate executives looked at Africa and the United States engaging in strategic dialogue on the key issues and opportunities driving US-Africa trade, investment, and commercial engagement. “The pace of engagement with Africa by President Biden and his Cabinet Secretaries is unprecedented, especially the strong focus on supporting private sector trade and investment deals. There can be no mistaking the strength of President Biden and his Administration’s commitment to and engagement with Africa,” says Corporate Council on Africa chairperson Florie Liser.

The Texas business summit was organized by the Corporate Council on Africa (CCA) in conjunction with the Millenium Challenge Corporation (MCC), which is an independent U.S. Government agency that partners with developing countries to reduce poverty through economic growth. The US Trade and Development Agency and Foreign Affairs’ Africa Department offered its full-fledged support.

The Corporate Council on Africa (CCA) is the leading U.S. business association focused solely on connecting business interests in Africa. According to its reports, the CCA was established in 1993 and has been pivotal in promoting business and investment between Africa and the United States, serving as a trusted intermediary for over three decades. Its primary mission is to strengthen commercial relations between Africa and the United States of America.

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Russia to Support Industrial Growth, Technological Advancement and Supply Chain Resilience across Africa

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Russia Supply Chain Africa

By Kestér Kenn Klomegâh

With the heightening of geopolitical rivalry and competition, a new Russia-Africa working group has emerged as a significant institutional mechanism and plans to focus on facilitating and monitoring strategic investments, industrialisation, and infrastructural development—the Strategic Action Plan 2023-2026—that was outlined during the second Russia-Africa summit, in St.Petersburg, the second largest city in the Russian Federation.

While substantial progress has, largely, lagged on the multidimensional economic front with Africa primarily due to its internal difficulties and the complexity of relations with its former Soviet neighbours, Russian officials believe there still remains huge untapped potential in strengthening bilateral cooperation. As planned, President Vladimir Putin has already signed an executive order that directs Moscow to host the forthcoming third Russia-Africa summit in October 2026.

On June 30, a regular meeting of the Business Council on Africa was held under the chairmanship of the head of the Russian Foreign Ministry. It was dedicated to issues of trade, economic and investment cooperation with Africa. The group discussed the current state and prospects for the implementation of policy initiatives with an emphasis on assisting the countries of the continent, strengthening their economic, energy, technological and food sovereignty, as well as training specialists for Africa.

Foreign Minister Sergey Lavrov has reiterated that Russia-Africa relations primarily depend on an understanding of the importance of collective action based on the principles of equality, mutual respect and resolving common tasks. In the past few years, Russia-Africa cooperation has been noticeably strengthening. “We are deepening political dialogues, developing bilateral contacts with African countries, promoting cordial cooperation between ministries and departments, and expanding humanitarian exchanges. We are also continuing the structural diversification of trade partnerships and economic dimensions.”

“Next on the agenda is the launch of diplomatic missions in The Gambia, Liberia, Togo, and the Union of the Comoros,” Lavrov said at a meeting of the Business Council under the Russian foreign minister. Lavrov noted that Russian embassies began operating in three other African countries in 2025: Niger, Sierra Leone, and South Sudan. A new Department for Partnership with Africa was also established. According to the top diplomat, “expanding Russia’s diplomatic presence on the continent contributes to developing relations.”

There are already 45 Russian embassies operating in Africa. The Russian foreign minister noted that Moscow is quickly rebuilding its presence in African countries, which sharply declined during the collapse of the Soviet Union. “There will be literally four or five countries left where we still need to establish full-fledged embassies, and then, we will have 100 per cent coverage of the entire African continent with our diplomatic presence,” Lavrov emphasised.

After the first summit in October 2019, the Foreign Ministry also created the Secretariat of the Russia-Africa Partnership Forum. Its main tasks include controlling the roadmap to Africa’s multidimensional cooperation and guiding potential Russian investors to the continent. This also underscored the priority and post-Soviet solidarity Russia currently attaches to its policy towards Africa, within the growing framework of the emerging new architecture of multipolarity in the Global South.

In an interview in June 2026, the director of the Department of Partnership with Africa at the Foreign Ministry, Tatyana Dovgalenko, shared a few insights in the lead-up to the third summit. Furthermore, Dovgalenko explained that Russia would move away from security to concentrate more on economic issues, especially to team up with African colleagues to streamline mechanisms for implementing projects that will ensure food security and agriculture, and help Africa in installing processing facilities to support its self-sufficiency. She also emphasised energy and vital infrastructures, and the third direction was to simultaneously work more coherently with sub-regional organisations.

Over the past few years, bilateral relations have been increasing. There are positive dynamics in trade turnover, estimated at $30 billion. Steps are being taken to build payment systems, preferably in national currencies, while Russia looks to open four more diplomatic offices, bringing the total to 48 across Africa. Russia is currently training 37,000 African students, but only approximately 1/3 on state scholarships in Russia’s educational institutions. “We are ready to share valuable experiences of building a sovereign development model with African partners to achieve self-reliant economic growth based on their own resources and capabilities. Russia aims at creating processing capabilities and localising production, and provides access to advanced technological solutions,” underlined Dovgalenko in her interview with New Eastern Outlook.

For African countries that have endured difficult decades on the path to political independence, it is now important to take full control over the untapped resources, direct income and revenue toward stimulating the national economic sector, rather than paying for the well-being of the Western “golden billion” during this changing geopolitical era, according to Dovgalenko.

According to reports, the forthcoming Russia-Africa summit will have an economic agenda, including the digital economy, technology, artificial intelligence, healthcare, investment, and settlements in global trade. Of course, the agenda will also cover Africa’s political aspects. But if African friends bring along any specific ideas, Russia will give them serious attention. In addition, with continuity and consistency, pay increased attention to expanding ties with Africa’s regional integration associations.

Going forward, the focus will be on translating strong trade relations into deeper investment partnerships, fostering technology collaboration, strengthening industrial linkages and contributing towards the shared objectives set by the leadership of both African countries and Russia. At the third summit, the above-mentioned specific initiatives will be further designed. In this regard, the key document, the new action plan for the next three-year period (2027-2029), is intended to reflect dynamic realities in the future relations of Russia and Africa

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BRICS Facing Political Divergences, Suspends its Future Expansion

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BRICS Countries

By Kestér Kenn Klomegâh

At the 12th Primakov Readings conference held in Moscow on June 24, Russia’s Foreign Minister, Sergey Lavrov, categorically emphasised that BRICS (Brazil, Russia, India, China and South Africa) has suspended its future ambitions of expansion, citing divergences and rising perceptions over emerging geopolitical changes between members of the BRICS association. BRICS has experienced tectonic appreciation for its latest expansion from five to ten members, and for creating ‘partner membership’ status for 13 countries. While this was considered a significant achievement under Russia’s chairmanship in 2024, it has now turned into an obstacle confronting BRICS.

Lavrov acknowledged this key obstacle, sharp differences and disputes, as tarnishing the image and hindering, to some degree, the progress of the BRICS association. Primakov Readings was held to underline one of its aspirations, that is, to advance the growing question of multipolarity. In order to make a noticeable headway in establishing a new world order, it is necessary to rope in the East and the Global South to denounce the “rules-based order” and hegemony of the United States and Europe. BRICS, thus, conveniently, provides a platform for these countries to raise their voice and interaction in multilateral institutions and organisations. Acting collectively, they could considerably participate and expectedly rise to the global stage.

In his speech, Lavrov reiterated that the United States and the West in general have not accepted the objective reality of an emerging multipolar world order. They prefer propping up their weakening positions by forcing others to side with them, imposing sanctions, enacting bans, issuing threats and taking other illegitimate measures to force the Global Majority to play their game.

Lavrov, however, raised his genuine criticism: The West persists in its refusal to abide by the universally recognised international norms as outlined in the UN Charter, and has never fully respected them, in fact, even if everyone signing and ratifying the Charter undertakes to fully comply with its norms in their entirety and interconnection. This includes the sovereign equality of states and non-interference in domestic affairs, as well as respecting and guaranteeing human rights regardless of race, sex, language, or religion, to quote the UN Charter.

To unlock the potential of new powerhouses in Asia, Africa, and Latin America, a comprehensive agreement was initiated between China and Russia, as staunch driving forces behind BRICS, to increase its numerical strength by proposing new membership for BRICS. It all started with a pretext by inviting South Africa to join BRICS in 2010, then, under Russia’s presidency in 2024, the association moved from five to ten, by total membership.

Nevertheless, after only a couple of years, the planned ‘membership drive’ ultimately proved to be an obstacle to be managed within the current framework of BRICS. For China and Russia, this is a matter of regulatory principle – apparently, it will certainly not produce any positive results. In the end, to logically suspend BRICS’ future expansion. Without mincing words, Lavrov noted this point clearly: “We continue to comprehensively develop them while trying to stimulate the trilateral RIC – Russia-India-China – group. That format was shaped about 30 years ago at the initiative of Yevgeny Primakov and formed the core of BRICS. In our associations, cooperation is based on mutual respect and readiness to search for consensus solutions even when this is a challenging task. These things happen, and quite often. But the solutions we eventually find are guaranteed to serve common interests. That is why the number of countries willing to join the operations of BRICS and the SCO keeps growing, namely, in Central and Southeast Asia, Africa and Latin America,” Lavrov said.

Mentioning BRICS during the Primakov Readings forum in late June 2026 was quite important, as Yevgeny Primakov anticipated the evolutionary social development trends during his time. After the collapse of the Soviet era in 1991, we can see that the number of  BRICS member states has almost doubled. While explaining these latest developments, that the number of full members has increased from five to ten, Lavrov further pointed out that “this is not how it happened when BRIC accepted South Africa, and the addition of one country posed questions that needed to be clarified to ensure forward movement. When BRICS turned into a group of ten, it was decided to give the new members time to adjust to each other. I believe that it is a correct decision.”

During the meeting of the BRICS Council of Foreign Ministers in India, discussions were held, in practical terms, a difficult conversation between Iranian and Emirati members. This happened in the hottest period of the Gulf confrontation, but eventually, it was managed to coordinate a joint document, despite the highly emotional opinions expressed by both sides. This was one case in point.

But, according to Lavrov’s explanation, other examples go deeper, to clashing economic interests. That is why it has been decided against pushing for further expansion for a few years. But the partner countries attend these events, which is creating grounds for giving BRICS a more universal dimension.

As for the agenda, BRICS is not an organisation, but rather an informal association. This is its strong side, because it would be wrong to create a rigid structure, at least at the current stage, especially a global structure rather than a continental or regional one. Many find this confusing. At least Russia won’t propose formalising BRICS, with the same structural status as the United Nations (UN).

Interesting to note and remind here, in an interview with Sky News Arabia on September 20, 2024, Lavrov expressed scepticism but was straight to the point about the strategic expansion of BRICS. Under Russia’s BRICS presidency, five countries – Ethiopia, Egypt, Iran, Saudi Arabia and the United Arab Emirates became the second wave of the newest members to join BRICS.

Tracking down the history, operations and achievements, Lavrov acknowledged, in his interview, that BRICS is consolidating its positions and cooperating with some countries. At the same time, this association is facing serious challenges. It is necessary to promote collaboration based on a balance of interests, and most importantly, BRICS functions based on consensus. The consensus principle primarily aims at finding agreements that reflect the mutual accord of all participants. In practical terms, the more partners, the harder it is to search for accord. It takes more time to finalise any consensus-based agreement than a vote-based solution.

According to Lavrov, BRICS expansion has sparked debates and discussions over the past several years. The foreign minister indicated, and repeatedly explained, the “suspension” of membership in BRICS was primarily due to internal differences, perceptions and approach to geopolitical changes. As stipulated by the guidelines, there are no concrete criteria or rules for admission except using the flexible term “consensus” – a general agreement at summits, which was utilised in the selection process.

At the Primakov Readings, previously held in June 2024, the key point was an announcement by Sergey Lavrov over the ‘suspension’ of new membership. Then, in mid-June 2024, Lavrov hosted the BRICS Foreign Ministers Council in Russia’s Nizhny Novgorod. The BRICS Foreign Ministers decided to suspend admission of new members, and this step was reflected in the final documents.

At present, the annual agenda is determined by the rotating presidency of BRICS. However, practice shows that every successive presiding country strives to ensure continuity. For example, during India’s presidency, BRICS members have been actively working to implement the initiatives which Russia presented during the Kazan summit in autumn 2024. Therefore, it is true that many countries are willing to join the group, which is an inspiring fact. However, BRICS looks for new forms of partner engagement and will, most probably, expand the informal association again.

As a show of indivisible and close-partnered bilateral relationship, Russian President Vladimir Putin and Chinese leader Xi Jinping, without the least hesitancy, underlined this final decision to postpone BRICS expansion, at the summit in Kazan, capital of the autonomous Tatarstan Republic of the Russian Federation.

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Africa Takes Centre Stage as Addis Ababa Hosts the World Public Summit

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Addis Ababa World Public Summit

By Kestér Kenn Klomegâh

For the first time in its history, the World Public Summit will be held on the African continent. On 29–30 July 2026, Addis Ababa, the capital of Ethiopia, will host the World Public Summit. Africa — “A New World: Africa in Shaping a Shared Future.”

The Summit is organised by the World Peoples Assembly in cooperation with African partner organisations. It will bring together leaders of public diplomacy, representatives of international intergovernmental and non-governmental organisations, academics, experts, representatives of the education and cultural sectors, youth leaders, socially responsible businesses, media professionals, and civil society institutions from across Africa and other regions of the world.

The World Public Summit. Africa continues the work initiated during the First World Public Assembly “A New World of Conscious Unity,” held in Moscow in September 2025, and serves as one of the key milestones in preparation for the Second World Public Assembly “A New World: Values That Unite,” which will take place in Moscow on 18–19 September 2026.

Today, Africa is emerging as one of the principal centres of global development. Rapid demographic growth, expanding entrepreneurship, strengthening regional integration, rich cultural heritage, and the growing role of civil society institutions make the continent an increasingly important contributor to the future architecture of international cooperation.

The Summit will focus on issues of genuine sovereignty and sustainable development, public diplomacy, preservation of cultural and historical heritage, international cooperation in education and science, youth engagement, innovation-driven development, creative industries, and the formation of new partnerships among countries and peoples.

The main business programme of the Summit will take place on 30 July 2026 at the headquarters of the United Nations Economic Commission for Africa (UNECA) in Addis Ababa. Holding the Summit at UNECA highlights its pan-African dimension and creates opportunities for broad international dialogue on humanitarian cooperation and public diplomacy.

The programme will include plenary sessions, strategic dialogues, and expert panels dedicated to values-based development, education, culture, youth leadership, innovation, and international cooperation.

Participation has already been confirmed by Professor Saidou Madougou, Director of the Department of Education, Science, Technology and Innovation of the African Union; Rita Bissoonauth, Director of the UNESCO Liaison Office to the African Union and UNECA in Addis Ababa; Zuzana Schwidrowski, Director of the Macroeconomics, Finance and Governance Division of UNECA, as well as ministers, leaders of public organisations, and representatives of the business community from a number of African countries.

On the same day, the ADWA Victory Memorial Museum—Ethiopia’s national memorial complex dedicated to the Victory of Adwa and an important centre for preserving the historical memory of the Ethiopian people—will host the award ceremony of the regional stage of the V International Competition “Leader of Public Diplomacy”, followed by a large-scale cultural programme.

One of the key outcomes of the Summit will be the adoption of the African Communiqué, reflecting proposals and recommendations aimed at strengthening humanitarian, educational, cultural, and public cooperation between African countries and other regions of the world.

The outcomes, initiatives, and recommendations were developed during the World Public Summit. Africa will be presented at the Second World Public Assembly “A New World: Values That Unite”, to be held in Moscow on 18–19 September 2026.

According to Andrey Belyaninov, General Secretary of the World Peoples Assembly, “the Addis Ababa Summit is an important step toward building a new world founded on mutual respect, cultural diversity, dialogue and sustainable development.”

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