Sisi urges African nations to prioritize peace and stability for growth at Alamein Forum

At the Alamein Africa Forum’s inauguration in New Alamein, President Abdel Fattah al-Sisi urged African states to place peaceful solutions, robust institutions and respect for national sovereignty at the core of their policies, arguing that stability is a prerequisite for economic growth. He stressed that investors, manufacturers and farmers require a secure environment, noting that the continent’s private sector accounts for more than 70% of its GDP while most of its trade is with external partners.

Despite existing trade agreements, intra-African commerce has only reached about 18% of total trade in recent years. The three-day event brings together around 1,500 government officials, investors and financial institution representatives to discuss development, investment and deeper continental integration. Sisi cited one outlet energy crisis and rising fuel and fertilizer prices as examples of how global shocks hurt African economies. He reminded attendees that the African Union approved the forum as a biennial event, organized with the African Export-Import Bank and the African Union Development Agency.