Egypt hosted the first El-Alamein-Africa Business Forum, showcasing the country's commitment to strengthening relations with African nations and solidifying its presence in the continent's economic development and integration. The forum, held in the new El-Alamein city, marks a significant step in opening up new avenues for dialogue and partnership among governments, the business sector, and development financing institutions.
According to Mahmoud Hussein Taher, deputy chairman of the House of Representatives' Communications and Information Technology Committee, President Abdel Fattah El-Sisi's speech at the forum's opening emphasized the importance of building African partnerships based on mutual interests. The President highlighted the need to enhance the ability of African countries to address economic and development challenges.
President El-Sisi's messages stressed that stability is a fundamental prerequisite for attracting investment and achieving development. He also emphasized the importance of supporting state institutions, respecting national sovereignty, and prioritizing peaceful solutions to conflicts to create an environment conducive to economic cooperation.
The President encouraged the private sector to play a central role in African development by expanding intra-African trade and investment. He also highlighted the potential of the African Continental Free Trade Area agreement. The forum provides a platform for connecting African investors and companies, reducing information gaps about available investment opportunities in African markets.
The importance of technology, innovation, and start-ups was also emphasized, particularly given Africa's youthful population. The digital transformation and knowledge economy represent crucial paths for African countries to develop services, increase productivity, and create jobs.
The forum serves as a practical platform for developing Egyptian-African cooperation, not only at the governmental level but also by expanding the role of the private sector, financial institutions, and entrepreneurs. Egypt has ample opportunities to enhance partnerships with African countries in communications, information technology, and digital transformation.
These partnerships support continental development goals and promote integration among African nations. The Egyptian parliamentarian concluded by emphasizing the significance of the forum in promoting cooperation and development in Africa.
Key points
- President El-Sisi's messages at the El-Alamein-Africa Business Forum promote African partnerships and development.
- The forum serves as a platform for connecting African investors and companies.
- Egypt has opportunities to enhance partnerships with African countries in communications, information technology, and digital transformation.
