Extending the presidency of President Sisi to the Nibad Guidance Committee for an additional year until February 2026
The African Union Summit approved at its thirty-eighth regular session the extension of President Abdel Fattah El-Sisi’s presidency of the Steering Committee for the heads of state and governments of the African Development Agency (Oda-Nibad) for an additional year that ends in February 2026, in a move that reflects the continental confidence in the Egyptian leadership. >
& nbsp;
The decision of African leaders comes to extend The presidency of President Sisi, which he assumed in February 2023, is a confirmation of their confidence in the leadership of Egypt for the Nepad Agency, which is the development arm of the African Union, and plays a major role in implementing continental development projects and initiatives, and in mobilizing the necessary funding for them, and in recognition of the important achievements that have been achieved during the past two years, the most prominent of which was the completion From evaluating the first decimal plan for the 2063 agenda, And the inauguration of the second decade plan during the African Summit in February 2024, starting directly in its translation of regional and national programs and initiatives. To mobilize financing for African projects under the title & quot; Africa Team & quot, it is involved in it The African Union Commission, regional economic gatherings and the African Free Trade Zone to mobilize financing of $ 500 million for about 300 projects of development projects. In addition, the agency succeeded in launching important projects in multiple fields, especially in the fields of agriculture and food security, industrial transformation, health, environment, empowerment of youth and women, science, technology and artificial intelligence, and others, as well as continuing to implement strategic infrastructure projects within the framework of The infrastructure development program in Africa (PIDA) and the Presidential Initiative (PICI). The President takes over the leadership of the navigation link between Lake Victoria and the Mediterranean at its umbrella.
& nbsp; The Development Fund & quot; The agency, to be an additional tool for mobilizing funding for development projects on the continent, and to fill the huge gap between needs and resources, allowing to accelerate the pace of implementation of the second decimal plan for the 2063 agenda, in integration with the huge efforts of the African Development Bank and the African Bank for Export and Import.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and
