Egyptian President Abdel Fattah el-Sisi is inaugurating the El Alamein-Africa Business Forum today in New El Alamein City. The forum has drawn significant participation from African leaders and officials, as well as representatives of the African business community and international economic institutions. This event highlights Egypt's efforts to foster economic cooperation and development across the continent.
In addition to the forum, President el-Sisi is chairing a summit of the founding states of the African Union Development Agency (AUDA-NEPAD). The summit is being co-chaired with Angolan President, who is also the chair of the agency's steering committee. The meeting brings together heads of state and representatives from founding member states, including Egypt, Algeria, Nigeria, Senegal, and South Africa.
The African Union Development Agency (AUDA-NEPAD) aims to promote economic development, reduce poverty, and improve living standards in Africa. The agency's work focuses on implementing the African Union's Agenda 2063, a strategic framework for Africa's sustainable development. Egypt, as one of the agency's founding members, reaffirms its commitment to African economic integration and cooperation.
On the sidelines of the forum, President el-Sisi will hold a series of bilateral and multilateral meetings with African leaders and officials. These meetings will focus on enhancing African cooperation, promoting economic development, and addressing regional challenges. Egypt's presidency of the African Union in 2019 has provided momentum for strengthening African partnerships.
The Egyptian President will also participate in the 8th African Union Mid-Year Coordinating Meeting, scheduled for Sunday, October 4. The meeting, being hosted by Egypt in New El Alamein City, will bring together African leaders and heads of regional economic communities. President el-Sisi is set to deliver the opening and closing addresses at the meeting.
The El Alamein-Africa Business Forum serves as a platform for dialogue and collaboration between governments, businesses, and stakeholders. It aims to mobilize resources, expertise, and investments to drive Africa's economic growth and development. The forum's outcomes are expected to contribute to the implementation of Africa's development priorities.
The Egyptian government's efforts to host high-profile events like the El Alamein-Africa Business Forum reflect its commitment to promoting African economic integration and cooperation. By fostering partnerships and dialogue, Egypt aims to support the continent's development agenda and address common challenges.
Key points
- Egypt's President Abdel Fattah el-Sisi opens the El Alamein-Africa Business Forum to boost African economic cooperation.
- The forum brings together African leaders, officials, and business representatives to discuss development priorities.
- President el-Sisi also chairs a summit of the African Union Development Agency (AUDA-NEPAD) to promote economic development.
