African countries

Egypt works side by side with African countries to achieve sustainable development: Sisi on Africa Day – Foreign Affairs – Egypt

Africa Day marks the founding of the Organization of African Unity (OAU) on May 25, 1963, with Egypt as a founding member. The OAU then evolved on July 9, 2002 to become the African Union (AU), made up of 55 member states representing all the countries of the continent.

“I congratulate all brotherly African peoples on Africa Day,” El-Sisi wrote on his official Facebook account.

The Egyptian president described the occasion as “a great historical moment that opened a new era in strengthening unity and cooperation among the countries of our continent”.

“Egypt will continue to work side by side with its brotherly African countries to achieve sustainable development and strengthen joint efforts to find solutions to the problems and conflicts from which the continent has suffered for decades and which have prevented the realization of the dreams of his people,” El-Sisi said.

“Today, we are taking firm steps… towards the creation of a stable continent that guarantees a decent life for its people and instills a culture of civility, tolerance and love for the whole world,” said El-Sissi.

In conclusion, the Egyptian President wished the people of Africa “progress, stability and prosperity” on this day.

Egypt invests in cooperation with Africa

In recent years, the Egyptian government has prioritized cooperation with its African sisters politically, economically and socially.

In November 2021, the Central Agency for Public Mobilization and Statistics (CAPMAS) said that the total value of Egyptian exports to the AU reached $3.9 billion in the first nine months of 2021, compared to only $2.8 billion over the same period last year.

CAPMAS further noted that Egypt’s exports to AU countries in general increased by 37.8% during the same period.

In the same month, Prime Minister Mostafa Madbouly announced that Egypt aims to boost trade with African countries, stressing that regional cooperation between trading blocs is a crucial mechanism to achieve development.

Egypt is a signatory to several trade agreements between African countries, including the African Continental Free Trade Area (AfCFTA) – an agreement which was adopted and opened for signature in March 2018 in Kigali before coming into force in January 2021 after months of delays due to the pandemic.

The AfCFTA aims to accelerate intra-African trade and strengthen Africa’s trading position in the global marketplace by strengthening its common voice and political space in global trade negotiations.

In addition, the AfCFTA will be the largest free trade area since the establishment of the World Trade Organization (WTO), considering Africa’s current population of 1.2 billion, which is expected to reach 2.5 billion by 2050.

Meanwhile, Egypt has pledged to speak on behalf of African concerns at the 2022 UN Climate Change Conference (COP27), to be held in Sharm el-Sheikh in November.

Moreover, Egypt has recently invested in a number of health and development projects in several African countries.

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