Sisi leads AU Development Agency summit
The article focused on President Abdel Fattah El-Sisi's chairing of the summit of the founding countries of the African Union Development Agency (AUDA-NEPAD) in New Alamein City. Leaders and representatives from the founding nations—Egypt, Algeria, Nigeria, Senegal, South Africa, Burundi, and Angola—participated with the aim of strengthening the agency's role in supporting development efforts across Africa and identifying the necessary funding and resources to implement its projects. The summit discussed ways to support and empower the development agency, particularly through developing financing mechanisms, increasing cooperation between the public and private sectors, and emphasizing the importance of relying on self-generated resources for sustainable growth. It also highlighted the significance of infrastructure development, stimulating investment, and achieving tangible results within the framework of Agenda 2063. The summit reviewed previous achievements and Egypt's support for the agency during its presidency. In conclusion, the Alamein Declaration was issued, stressing the pivotal role of the private sector in funding development and activating African initiatives, while reaffirming the commitment to continue working toward Africa’s development goals and stability.
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