Latest news with #Mid-YearCoordinationSummit
Middle East
6 days ago
- Politics
- Middle East
OPEN// Sisi highlights NEPAD committee's development efforts under Egypt's leadership
MALABO, July 13 (MENA) — Egyptian President Abdel Fattah El Sisi reviewed the key initiatives undertaken by the Heads of State and Government Orientation Committee of the African Union Development Agency (AUDA-NEPAD), currently chaired by Egypt, during his participation on Sunday in the seventh Mid-Year Coordination Summit of the African Union in Malabo, Equatorial Guinea. Presidential spokesperson Mohamed El-Shennawy said the summit addressed a range of pressing issues for the continent, including efforts to advance regional integration, promote intra-African trade, and confront regional and global challenges that impact Africa's development. The agenda also covered strategies to strengthen peace and security across the continent. Shennawy added that President Sisi delivered a statement on behalf of the NEPAD Orientation Committee, emphasizing the committee's pivotal role—under Egypt's leadership—in driving development across Africa. Key focus areas include closing the continent's development financing gap, accelerating the implementation of the AU's Agenda 2063, investing in human capital through health and education, and addressing the threat of climate change. Sisi also underscored that despite ongoing regional and international challenges, Africa holds vast potential and numerous opportunities for achieving sustainable development and prosperity. (MENA) R E E/
Middle East
6 days ago
- Business
- Middle East
OPEN// Sisi: Several African nations outpaced global growth despite challenges
MALABO, July 13 (MENA) — Egyptian President Abdel Fattah El Sisi said on Sunday that despite challenging global conditions, several African countries have achieved economic growth rates that surpass the global average. Speaking on behalf of the Heads of State and Government Orientation Committee of the African Union Development Agency (AUDA-NEPAD), which Egypt currently chairs, Sisi delivered his remarks at the seventh Mid-Year Coordination Summit of the African Union, held in Malabo, the capital of Equatorial Guinea. Sisi thanked member states of the committee for their cooperation in steering NEPAD's activities, which he said enabled the agency to fulfill its role as the AU's executive development arm. He also expressed appreciation to the agency's chief executive officer, Nardos Bekele-Thomas, for her leadership and innovative initiatives. 'I have had the honor of chairing the committee over the past two years, and I am convinced that the Africa we aspire to is within reach—not merely a dream,' Sisi said. 'Despite multiple internal and external challenges, many African nations have advanced significantly in areas such as health and education system reform, localizing vital industries, improving the investment climate, boosting intra-African trade, and progressing in the implementation of the African Continental Free Trade Area (AfCFTA).' Sisi stressed that these developments underscore the importance of continued joint efforts to push forward the continent's development agenda and advance Africa's legitimate demands on the global stage. He noted that during Egypt's tenure, the committee focused on key priorities to accelerate the implementation of Agenda 2063 and pursue sustainable solutions to Africa's challenges through a holistic, root-cause-based approach. Among NEPAD's recent accomplishments, Sisi highlighted: — Bridging the Funding Gap: NEPAD, with the committee's guidance, completed a feasibility study for establishing a development fund aimed at mobilizing investment across the continent. He urged the African Union's relevant bodies to finalize and adopt the study so the fund can begin operations soon. — Infrastructure Development: NEPAD has expedited the identification and funding of priority infrastructure projects, valued at around $500 million, under the Presidential Infrastructure Champion Initiative. Efforts also continue in implementing green infrastructure corridors, a continental energy master plan, and the common African agricultural policy—all key to regional integration. — Human Capital Investment: NEPAD secured $100 million for the African Population Grant to support reproductive health services and another €100 million under the African Skills Initiative to enhance technical and digital skills, creating job opportunities for youth. — Climate Action: A NEPAD Centre of Excellence for climate change is being established in Cairo to support African countries in addressing existential climate threats. — Agency Expansion: NEPAD is increasing its presence across African states in response to national requests and priorities, with Sisi expressing pride in the growing number of agency offices continent-wide. In conclusion, Sisi said these efforts represent just a sample of the progress achieved over the past two years through NEPAD's work under the committee's supervision. He called on African leaders to use the summit to renew their commitment to advancing the African agenda and empowering NEPAD to continue fostering peace and development across the continent. (MENA) R E E/
See - Sada Elbalad
6 days ago
- Business
- See - Sada Elbalad
Egypt Participates in African Union's Mid-Year Coordination Summit in Equatorial Guinea
Ahmed Emam Egypt is participating in the seventh Mid-Year Coordination Summit of the African Union (AU), which officially opened on Sunday in Malabo, the capital of Equatorial Guinea. President Abdel Fattah El-Sisi arrived in Malabo yesterday to lead Egypt's delegation at the summit, which gathers heads of state, regional leaders, and senior officials to discuss key issues facing the continent, including economic integration, security challenges, and sustainable development. Earlier today, President El-Sisi met with several leaders and heads of delegations attending the summit. The discussions focused on strengthening bilateral cooperation and aligning regional priorities within the framework of the African Union's development agenda. The AU Mid-Year Coordination Summit serves as an important platform for coordination between the Union, regional economic communities, and other continental institutions to ensure effective implementation of Africa's strategic plans and initiatives. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
