Egyptian President Abdel Fattah El-Sisi said at the opening of the El Alamein Africa Business Forum in the New El Alamein City that the current global energy crisis is putting pressure on African countries as fuel and fertilizer prices rise and supply and shipping chains are disrupted.
Economic repercussions for African countries
El-Sisi said the repercussions of the energy crisis extend to several sectors and economic activities in Africa, driven by higher fuel and fertilizer costs and disruptions to supply chains and shipping activity.
The forum's opening was attended by a large number of African leaders and officials, as well as representatives of the business community and African and international economic institutions.
Summit of the founding countries of AUDA-NEPAD
El-Sisi is chairing the summit of the founding countries of the African Union Development Agency AUDA-NEPAD, jointly with the president of Angola, in his capacity as chair of the agency's Heads of State and Government Steering Committee.
The agency's founding countries are Egypt, Algeria, Nigeria, Senegal and South Africa. The summit is also being attended by the president of Burundi, in his capacity as the current chair of the African Union, along with representatives of the African Union Commission and the executive director of AUDA-NEPAD.
