Business
Egypt opens El Alamein Africa Business Forum with pledges to advance continental trade
October 3, 2026 at 08:29 PM · Updated 12d ago
Coverage
6 reports · over 20 hours
Egypt opened the El Alamein Africa Business Forum on Saturday, hosting African leaders and financiers to promote investment and trade across the continent.
- The forum convened Saturday with President Abdel Fattah el-Sisi attending, alongside Afreximbank President George Elombi and African Union Commission Chair Mahmoud Youssef.
- Elombi said Afreximbank, established in 1994, was headquartered in Cairo for 32 years, with a new headquarters now built in the New Administrative Capital.
- Foreign Minister Badr Abdelatty said the forum brings together governments, businesses, and finance institutions driving African investment, trade, and development.
- UN Special Envoy Mahmoud Mohieldin said Africa holds investment opportunities in agriculture, industry, and technology, citing a median population age of about 19 years.
- Egyptian Senate Foreign Relations Committee head Mohamed Kamal said the forum will recur every two years, strengthening partnerships with Somalia, Sudan and Eritrea.
- Somali President Hassan Sheikh Mohmoud said his country is rebuilding its economy and open to investment, urging investors to seize opportunities.





