On October 3, 2026, Algerian President Abdelmadjid Tebboune's address to the NEPAD summit was read by the President of the Algerian Council of the Nation, Azzouz Nasseri. The summit, held in El Alamein, Egypt, marked the 25th anniversary of the New Partnership for Africa's Development (NEPAD). President Tebboune expressed his gratitude to the Egyptian government for hosting the summit and wished the participants success. He highlighted the significance of NEPAD as a major milestone in African cooperation and development.
President Tebboune emphasized that NEPAD was launched with the conviction that political liberation is incomplete without economic liberation and that Africa must rely on its own capacities and strengthen solidarity and integration among its countries and peoples. He recalled the legacy of former Algerian President Houari Boumédiène, who advocated for African peoples' sovereignty over their natural resources and a more equitable international economic system. This vision has guided Algeria's commitment to African development and cooperation.
The Algerian President noted that over the past 25 years, Africa has made significant progress in infrastructure, human development, governance, and economic integration. However, he acknowledged that there is still a gap between the ambitions set and the results achieved. President Tebboune stressed the need to accelerate progress and achieve tangible results that positively impact the lives of African citizens. He emphasized that African ownership of development requires not only setting priorities but also having the means to implement and finance them.
President Tebboune highlighted several Algerian initiatives and projects aimed at promoting African integration and development, including the trans-Saharan highway, the Tindouf-Zouerate railway, and the trans-Saharan optical fiber project. These projects aim to enhance economic integration, facilitate trade, and create new opportunities for investment and growth. Algeria has also contributed to the development of African human capital by training thousands of African professionals and providing scholarships to African students.
The Algerian President emphasized that investing in human capital is essential for sustainable development and that Algeria will continue to support African development through various initiatives. He also stressed the importance of addressing the financing gap for African development, which requires mobilizing domestic resources, attracting private investment, and promoting innovative financing mechanisms. President Tebboune called for a more equitable international financial system that takes into account Africa's interests.
President Tebboune highlighted the crucial role of the private sector in driving investment, production, and innovation in Africa. He emphasized the need to improve the business environment, enhance project financing, and develop partnerships between the public and private sectors. Algeria supports the establishment of an African credit rating agency to enhance financial sovereignty and promote African investment.
In conclusion, President Tebboune reiterated Algeria's commitment to African development and cooperation. He emphasized the need for tangible results and concrete actions to achieve the goals set out in the African Union's Agenda 2063. The Algerian President's address reflected Algeria's vision for a more integrated and prosperous Africa, and the country's willingness to work with its partners to achieve this vision.
Key points
- Algerian President Abdelmadjid Tebboune addressed the NEPAD summit in Egypt, highlighting the need for accelerated progress in African development and cooperation.
- President Tebboune emphasized the importance of addressing the financing gap for African development and promoting innovative financing mechanisms.
- Algeria supports various initiatives aimed at promoting African integration and development, including infrastructure projects and human capital development.
