Advertisement

Politics
Politics Egypt
Saturday, October 3, 2026

Sisi Opens El-Alamein Africa Business Forum, Proposes Fund

Lead:

President Abdel Fattah El-Sisi presided over the opening of the El-Alamein Africa Business Forum and the adoption of final declarations from the AUDA-NEPAD summit at Egypt's flagship New El-Alamein city on October 3, 2026. Simultaneously, Egypt convened a four-nation coordination summit with leaders from Sudan, Somalia, and Eritrea to address regional stability and development priorities. The dual events underscore Cairo's positioning as a continental economic and diplomatic hub.

Details:

According to reporting from Al-Balad and Al-Fagr, President El-Sisi inaugurated the first edition of the El-Alamein Africa Business Forum, emphasizing Egypt's commitment to advancing African development through AUDA-NEPAD (the African Union Development Agency). El-Sisi stated that NEPAD represents the executive arm of the African Union tasked with implementing the Agenda 2063 development roadmap and that Egypt is working to establish a dedicated development fund to strengthen Africa's economic capacity. The President also stressed that economic development cannot be built in unstable nations, calling for a world defined by peace and security.

The summit proceedings resulted in the formal adoption of the El-Alamein Declaration, which reaffirms the founding member states' commitment to NEPAD's role in continental development. El-Sisi announced Egypt's continued efforts to coordinate with fellow member states, particularly Burundi, and to support the African Union's dispute resolution mechanisms across the continent. High-level bilateral meetings were held during the forum: El-Sisi received Tanzanian Vice President Diwagrata Njinji and Somali President Hassan Sheikh Mahmoud. The Egyptian delegation, led by Prime Minister Mostafa Madbouli, engaged in diplomatic discussions aimed at strengthening economic partnerships.

Separately, Al-Fagr and Al-Balad confirmed that a four-nation coordination summit was set to convene on October 4, 2026, bringing together leaders from Egypt, Sudan, Somalia, and Eritrea. According to Sudanese sources cited by Al-Fagr, the summit agenda focuses on regional security coordination and shared development priorities. The four nations, collectively representing a significant portion of the Red Sea and Horn of Africa region, are expected to discuss border stability, maritime security concerns, and economic integration mechanisms.

Watch For:

  • Outcomes of the four-nation summit: Confirmation of specific agreements or joint declarations from the Egypt-Sudan-Somalia-Eritrea coordination meeting, scheduled for October 4, and any announced mechanisms for ongoing regional cooperation.
  • NEPAD fund establishment: Progress toward operationalizing Egypt's proposed African development fund and identification of contributing member states.
  • Private sector participation: Whether the El-Alamein forum catalyzes new investment commitments from African business leaders, particularly from West Africa, given attendance by figures such as Aliko Dangote, head of Africa's largest western conglomerate.
  • Egypt Brief

    Advertisement

    All Portals 🇱🇧🇦🇪🇪🇬🇸🇦 كل البوابات Search
    Briefer Curator