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بوابة الفجر
Al-Alamein Declaration on AU Development
The Nea Menoufia City hosted the Summit of Founding Members of the NIPAD Partnership, featuring Presidents and Heads of Government from Algeria, Egypt, Nigeria, Senegal, and South Africa. The aim was to evaluate the achievements of the partnership which was launched in 2001 and adopted by the African Union in 2002. Participants reaffirmed their commitment to building a unified and prosperous Africa by strengthening partnerships among governments, peoples, and the private sector, with a focus on structural transformation and sustainable development in line with Agenda 2063. Additionally, it was announced that the African Union Development Agency (AUDA-NEPAD) will be repositioned to enhance its resilience and responsiveness to challenges. The summit also launched the Nea Menoufia Investment Platform by February 2027, alongside a continental facility for micro, small, and medium enterprises (MSMEs) and employment opportunities, all aimed at accelerating development projects and attracting private sector funding. The declaration emphasized the need for sustainable financing, increased resources for the agency, and strengthening its presence across African countries. It also highlighted the importance of developing human capital, and the vital roles of the private sector, women, and youth in driving economic growth.
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