Enhancing African economic integration.. President Sisi opens the “Alamein Africa” Forum

Egypt continues to consolidate its pivotal role in supporting the development process on the African continent, based on its historical position as one of the most present and influential countries in formulating joint African action. For decades, the Egyptian role has been linked to supporting paths of cooperation and economic integration between the countries of the continent, and enhancing its ability to build partnerships that achieve the interests of peoples and support their development aspirations.

In the new city of El Alamein, this role is renewed by hosting events that bring together leaders, officials, and representatives of financial institutions and the private sector, which opens broader spaces for economic and investment cooperation, and supports efforts aimed at advancing the process of economic integration and enhancing the continent’s ability to implement its projects. Development, in line with the goals of Africa 2063.

The first session of the El Alamein-Africa Business Forum

In this regard, President Abdel Fattah El-Sisi opened the first session of the “Alamein-Africa Business Forum”, which is hosted by the Arab Republic of Egypt in the New City of Elamein.

The official spokesman for the Presidency of the Republic stated that the forum was the result of an Egyptian initiative approved by the African Union, and that it will be held periodically every two years in the city of El Alamein, jointly organized by the Egyptian government, the African Union Commission, the African Union Development Agency (AUDA-NEPAD), and the African Export-Import Bank.

The first session of the forum will be held with high-level participation, including a number From African heads of state and senior officials on the continent, in addition to an elite group of presidents and directors of international and regional financial institutions, and private sector leaders from Africa and around the world.

Supporting African economic integration

Ambassador Mohamed El-Shenawy, the official spokesman, added that the forum represents a strategic platform to enhance communication and partnership between African governments, representatives of the private sector and entrepreneurs from inside and outside the continent, which contributes to maximizing the role of the private sector in advancing comprehensive and sustainable development efforts in Africa, and accelerating the implementation of the goals of the Africa Agenda 2063.

The forum also aims to stimulate intra-African trade, enhance economic integration among the countries of the continent, mobilize the necessary partnerships to implement development projects, expand financing and investment horizons, as well as support sectors. Promising and emerging economies.

This trend is linked to the eighth goal of the Sustainable Development Goals, which is concerned with providing decent work and achieving economic growth, by expanding investment and entrepreneurship opportunities, and supporting the ability of African economies to create productive and sustainable job opportunities, in a way that enhances youth participation in economic activity and supports comprehensive development paths.

Priority economic and development issues

The activities of the first session of the forum include a number of specialized sessions that address the most prominent economic and development issues of priority for the African continent, in addition to organizing an exhibition for major African companies, and an area dedicated to emerging companies that witnesses wide participation from small and medium enterprises from various African countries.

The forum’s activities will also be held Many bilateral and multilateral meetings between government officials, corporate leaders, and financial and economic institutions, enhancing opportunities for cross-border cooperation, investment, and partnerships.

This trend embodies the seventeenth goal of the Sustainable Development Goals regarding establishing partnerships to achieve the goals, by expanding cooperation frameworks between governments, the private sector, and regional and international financial institutions, and mobilizing the necessary resources and expertise to implement development projects, in a way that enhances the ability of African countries to work jointly and transform partnerships into tangible economic and development results.

“Awda-NEPAD” Summit to Promote African Economic Integration

In a related context, President Abdel Fattah El-Sisi chaired the work of the summit of the founding countries of the African Union Development Agency (AUDA-NEPAD), in partnership with… President João Manuel Lourenço, President of the Republic of Angola, within the framework of co-chairing the summit.

The official spokesman for the Presidency of the Republic stated that the summit was held with the participation of leaders and representatives of the founding countries of the AUDA-NEPAD Agency, namely Egypt, Algeria, Nigeria, Senegal and South Africa, as well as the President of the Republic of Burundi in his capacity as the current President of the African Union, and the President of the Republic of Angola in his capacity as the current Chairman of the Agency’s Steering Committee, along with representatives of the African Union Commission and the Executive Director of the AUDA-NEPAD Agency.

The official spokesman explained that the summit discussed ways to enhance the agency’s role in supporting development efforts on the African continent, mobilizing the necessary resources to implement development projects, as well as following up on the progress made in implementing the Africa Agenda 2063, and enhancing coordination between African countries to confront economic challenges. and joint development.

Supporting stability and development in neighboring African countries

In a related context, Egyptian movements on the sidelines of the forum reflect an integrated vision to enhance stability and development in neighboring African countries, based on Egypt’s awareness of the close interrelation between political and security stability and the ability of countries to achieve development and expand areas of economic cooperation.

In this context, Mr. President’s meetings with Mr. Isaias Afwerki, President of the State of Eritrea, and Dr. Hassan Sheikh Mohamud, President of the Federal Republic of Somalia, came to confirm Egypt’s keenness to continue building relations based on partnership, coordination, and support of national capabilities, in addition to developing cooperation in the economic and development fields in a way that achieves common interests and supports the aspirations of the peoples of the region.

These movements gain special importance in light of the successive developments taking place in the Horn of Africa region, and the need to enhance dialogue and coordination between the countries of the region, respect the sovereignty and territorial integrity of countries, and support their national institutions and their ability to carry out their responsibilities in establishing security and stability.

This trend is directly related to the sixteenth goal of the Sustainable Development Goals, which calls for achieving peace, justice, and strong institutions, by supporting the building of capable national institutions, strengthening the rule of law, and creating a stable environment that allows the consolidation of paths of development and economic cooperation.

From this standpoint, Egypt continues to utilize its historical relations and regional partnerships to support stability and development, which contributes to creating a more suitable environment for the movement of trade and investment and the implementation of joint projects, and supports the path of integration. economy at the level of the African continent.

In conclusion, the Egyptian moves in the city of El Alamein outline the features of an integrated vision to support African economic integration, in which development, investment, and partnerships intersect with building national capabilities and consolidating stability. Hosting the “Alamein-Africa Business Forum” and the summit of the founding countries of the African Union Development Agency (AUDA-NEPAD) reflect a trend to transform cooperation into concrete development projects and partnerships, in addition to supporting national institutions and respecting their sovereignty, going beyond supporting economic integration to contributing to the consolidation of peace and stability in the region.

The Earth Guards Foundation appreciates the Egyptian movement supporting the promotion of economic integration and development on the African continent, and the accompanying efforts to expand partnerships, mobilize resources and support Development projects, in addition to contributing to establishing stability and building national institutions capable of protecting development paths.

The Foundation believes that sustainable economic integration is linked to creating a regional environment of peace and stability, which opens the way for countries and peoples to develop their capabilities and achieve their development aspirations, and enhances the opportunities for building an African future that is more cooperative and capable of facing common challenges.