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اليوم السابع
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Nepad leaders target African finance tool in 18 months
The summit of founding members of the New Partnership for Africa's Development (NEPAD) in El Alamein, Egypt, discussed the adoption of the "El Alamein Declaration," which directs the repositioning of the African Union Development Agency to enhance its capabilities and achieve the goals of Agenda 2063. The declaration emphasizes the importance of financing African institutions, activating risk mitigation tools and blended finance within 18 months, unifying private capital commitments, launching a pipeline of ready-to-invest projects, supporting small and medium-sized enterprises, and expanding the agency’s institutional presence. It also underscores the significance of promoting sustainable finance, coordinating among stakeholders, and delivering measurable results, all aimed at accelerating Africa’s developmental transformation in an independent and self-driven manner.
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