Alamein Africa Forum opens with 1,500 African officials and investors

  • Alamein Africa Forum opened in New Alamein with African officials, businesses, investors and financial institutions.
  • 1,500 participants attended the three-day forum.
  • Abdel Fattah al-Sisi called for peaceful conflict resolution and respect for African state sovereignty.

The Alamein Africa Forum opened Friday in New Alamein with 1,500 officials, business leaders, investors and financial-institution representatives from across Africa. The three-day event includes high-level discussions on economic development, trade, food security, energy, infrastructure, financing, digital transformation, artificial intelligence and critical minerals. Egyptian President Abdel Fattah al-Sisi called for peaceful solutions to African conflicts, support for state institutions and respect for national sovereignty, saying stability is essential for investors, manufacturers and farmers. He said Africa’s private sector contributes more than 70% of the continent’s gross domestic product, but about 85% of its transactions are with companies outside Africa. Intra-African trade accounts for about 18% of the continent’s total trade in recent years despite regional trade agreements. Sisi also cited the effects of global crises, including higher fuel and fertilizer prices and disruptions to supply and shipping chains. Egyptian Prime Minister Mostafa Madbouly and Planning Minister Ahmed Rostom highlighted Africa’s economic potential and persistent barriers involving financing, infrastructure, capital costs and trade. The forum is part of Egypt’s efforts to deepen African integration, attract investment and mobilize development financing.

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