Egyptian President Abdel Fattah el-Sisi delivered a speech at the opening session of the 8th Mid-Year Coordination Meeting of the African Union and Regional Economic Communities in the New El Alamein City. He emphasized that Africa, with its vast resources, wealth, and human potential, should not remain merely a source of raw materials only to re-import them as finished products from abroad.
President el-Sisi stressed the importance of building integrated value chains within Africa, enhancing production and manufacturing capabilities, and making African economic integration a true driver of growth. He highlighted Egypt's efforts to launch the "El Alamein - Africa Business Forum" as a platform for African business leaders, decision-makers, investors, and financial institutions to come together and drive economic development.
The meeting, which was attended by African leaders and heads of regional economic communities, focused on the progress made on the African Union's 2026 theme of "ensuring sustainable water availability and safe sanitation systems to achieve the goals of Agenda 2063." The discussions also covered updates on continental efforts to enhance coordination and integration among regional economic communities in Africa.
President el-Sisi's call for Africa to add value to its resources comes as the continent seeks to accelerate economic growth and development. By developing its own industries and manufacturing capabilities, Africa can create jobs, increase economic competitiveness, and improve living standards for its citizens. The Egyptian president's remarks were well-received by attendees, who recognize the need for Africa to take control of its own economic destiny.
The 8th Mid-Year Coordination Meeting of the African Union and Regional Economic Communities is being hosted by Egypt in the New El Alamein City. The meeting provides a platform for African leaders to discuss key issues affecting the continent and to coordinate efforts to drive economic growth and development. Egypt's hosting of the meeting reflects its commitment to African solidarity and cooperation.
In addition to the meeting, President el-Sisi also participated in the opening ceremony of the "El Alamein - Africa Business Forum," which aims to promote economic cooperation and investment between Egypt and other African countries. The forum provides a platform for business leaders and investors to network, share ideas, and explore opportunities for collaboration and investment.
The African Union's Agenda 2063 sets out a vision for the continent's economic development and growth over the next several decades. The agenda emphasizes the need for Africa to accelerate economic growth, create jobs, and improve living standards for its citizens. By working together to achieve these goals, African countries can unlock their full potential and create a brighter future for their citizens.
Key points
- President el-Sisi calls for Africa to move beyond exporting raw materials and develop its own industries and manufacturing capabilities.
