logo

OPEN// Sisi chairs 42nd Session of NEPAD Heads of State & Government Orientation Committee

Middle East10-02-2025
CAIRO, Feb 10 (MENA) - President Abdel Fattah El Sisi chaired the 42nd Session of the NEPAD Heads of State & Government Orientation Committee (HSGOC) which took place virtually with the participation of the committee's member states.
According to the spokesman for the presidency, the meeting took up AUDA-NEPAD activities in 2024, topped by the developments pertaining to the feasibility study for the establishment of an African Investment Fund and the Second Ten-Year Implementation Plan for the fulfillment of Agenda 2063, which is Africa's blueprint and master plan for transforming the continent into the global powerhouse of the future.
The meeting covered means of pressing ahead with efforts to implement the agenda, that is the continent's strategic framework that aims to deliver on its goal for inclusive and sustainable development through overcoming challenges of rising poverty and unemployment rates and food, water and energy insecurity.
Talks also took up Africa's efforts to promote infrastructure development, improve education and health systems, generate jobs for youth, encourage inter-African trade, address the climate crisis and shore up cooperation among countries on the continent.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Cairo, Tokyo sign LOI to expand educational cooperation, support for persons with disabilities
Cairo, Tokyo sign LOI to expand educational cooperation, support for persons with disabilities

Daily News Egypt

time3 hours ago

  • Daily News Egypt

Cairo, Tokyo sign LOI to expand educational cooperation, support for persons with disabilities

Egypt's Minister of Education and Technical Education, Mohamed Abdel Latif, has signed a Letter of Intent with Abe Toshiko, Japan's Minister of Education, Culture, Sports, Science and Technology (MEXT), to broaden cooperation mechanisms in education, enhance support for persons with disabilities, and establish new partnerships in technical education and vocational training. The signing ceremony took place at the headquarters of Japan's Ministry of Education on the sidelines of Abdel Latif's participation in the Ninth Tokyo International Conference on African Development (TICAD9), held in Yokohama from 20 to 22 August. Abdel Latif affirmed the Ministry's commitment to building on the achievements of existing cooperation, particularly the Egyptian–Japanese Schools project, which he said will be highlighted during TICAD9 as a successful model that could be replicated across African countries. He expressed satisfaction at expanding the scope of collaboration to include greater support for students with disabilities and stronger partnerships in technical and vocational training, with a focus on transferring Japanese expertise in key areas such as agriculture. During the meeting, Abdel Latif also extended an official invitation to his Japanese counterpart to attend the inauguration of the Grand Egyptian Museum. For her part, Abe Toshiko welcomed the signing of the Letter of Intent, describing it as the outcome of continuous cooperation and joint efforts since Abdel Latif's visit to Japan last February. She reaffirmed her Ministry's full support for agreements signed between Egypt's Ministry of Education and Japanese partners such as Yamaha, Casio, and Sprix, noting that Tokyo remains keen to launch new initiatives, particularly in technical education and in supporting students with special needs. The Japanese minister further praised the Egyptian–Japanese Schools initiative, stressing her country's pride in this pioneering project. She revealed that the initiative will be featured as a showcase model at the 'EDUPORT' pavilion of Japan's Ministry of Education during TICAD9, highlighting it as an inspirational example of international cooperation in education.

Egypt's Al-Mashat participates in business forum to kick off Japan visit
Egypt's Al-Mashat participates in business forum to kick off Japan visit

Daily News Egypt

time10 hours ago

  • Daily News Egypt

Egypt's Al-Mashat participates in business forum to kick off Japan visit

Egyptian Minister of Planning, Economic Development, and International Cooperation, Rania Al-Mashat, began her visit to Tokyo on Tuesday by participating in the Egyptian-Japanese Business Forum, attended by Egyptian Prime Minister Mostafa Madbouly. The forum, which saw the signing of several cooperation agreements, was held ahead of Egypt's participation in the ninth Tokyo International Conference on African Development (TICAD 9), the ministry said in a statement. The Egyptian delegation to the TICAD summit, which runs from Aug. 20-22, is headed by Madbouly and will include other ministers and private sector representatives. The summit will be attended by the Japanese prime minister, as well as numerous African heads of state and government and heads of international and African organisations. During her visit, Al-Mashat is scheduled to hold a series of bilateral meetings with Japanese government officials and financial institutions to follow up on the development of strategic relations between the two countries. She will also present an overview of the developments in the Egyptian economy since the start of economic reform measures in March 2024. Additionally, Al-Mashat is set to meet with officials from the Japan International Cooperation Agency (JICA) to review the implementation of ongoing projects within the development cooperation portfolio. The planning ministry's statement described TICAD 9 as one of the most important international platforms for strengthening strategic partnerships between Japan and Africa. Egypt's participation affirms its pivotal role in supporting African issues and enhancing international cooperation to achieve development goals, the ministry said. Ahead of the trip, Al-Mashat met with the Japanese ambassador to Egypt and the chief representative of JICA to follow up on preparations for the conference and discuss cooperation priorities.

Valu Closes its 17th Securitized Bond Issuance, Worth EGP 460.7 Million
Valu Closes its 17th Securitized Bond Issuance, Worth EGP 460.7 Million

bnok24

time16 hours ago

  • bnok24

Valu Closes its 17th Securitized Bond Issuance, Worth EGP 460.7 Million

Valu, MENA's leading universal financial technology powerhouse, announced today the successful closing of its 17th securitized bond issuance, valued at EGP 460.7 million, with EFG Hermes, an EFG Holding company and the leading investment bank in the Middle East and North Africa (MENA). The issuance is the first under the newly approved EGP 10 billion securitization program The bond is backed by a receivables portfolio assigned to EFG for Securitization, which acts as the special purpose vehicle (SPV) for the issuance. It is a 12-month bond, rated Prime 1 (sf) Karim Riad, CFO of Valu, commented, 'This issuance marks a pivotal milestone in our ongoing strategy to diversify our funding base and strengthen our capital structure. Launching the first transaction under our newly approved EGP 10 billion program reflects our confidence in the market and our commitment to scaling responsibly. Coming on the heels of our successful listing on the Egyptian Exchange, this transaction further demonstrates our ability to access diverse capital markets and reinforces our position as a leading force in Egypt's fintech ecosystem Maie Hamdy, Managing Director – Debt Capital Markets at EFG Hermes, added, 'We are delighted to support Valu in this landmark issuance, which comes on the back of their successful listing on the Egyptian Exchange, a clear signal of investor confidence in the company's vision and performance. Our longstanding partnership with Valu is built on a shared vision of innovation and financial inclusion, and this transaction is a testament to our ability to structure and execute complex deals that meet the evolving needs of high-growth companies. We look forward to continuing to empower fintech leaders like Valu as they scale their impact across the region EFG Hermes acted as sole financial advisor, transaction manager, bookrunner, underwriter, and arranger on the issuance. Arab African International Bank (AAIB) served as underwriter and custodian. The issuance was also subscribed to by the Industrial Development Bank of Egypt (IDBE), Arab Banking Corporation (ABC), and Attijariwafa Bank. Dreny & Partners acted as legal advisor, and Baker Tilly as auditor Google News تابعونا على تابعونا على تطبيق نبض جاري التحميل ...

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store