\n Egypt, which has chaired NEPAD\u2019s steering committee since February 2023, is handing over leadership to Angolan President Jo\u00e3o Louren\u00e7o. During its tenure, Cairo focused on restructuring the agency internally and accelerating resource mobilisation for strategic programmes.\n <\/p>\n
EU Assessment and Fresh Capital Mobilisation<\/p>\n
<\/p>\n
\n According to Abdelatty, NEPAD has passed the European Union\u2019s \u201cnine pillars\u201d institutional assessment, a benchmark seen as critical for unlocking greater international funding. The agency\u2019s budget has risen to more than $300m. In comparison, a further $100m has been secured to bolster public health systems, digital economy initiatives, and agricultural development under the Comprehensive Africa Agriculture Development Programme.\n <\/p>\n
\n Beyond financing, the minister underscored a broader strategy linking peace, security, and development, including updates to the African Union\u2019s post-conflict reconstruction framework and deeper cooperation with Cairo-based institutions.\n <\/p>\n
\n On climate resilience, Egypt is hosting a continental Centre of Excellence for Resilience and Adaptation to Climate Change. Domestically, Cairo has pledged $100m in seed funding for projects in Nile Basin countries focused on water, food, and energy.\n <\/p>\n
\n The meeting concluded with a recommendation to extend NEPAD\u2019s executive leadership and to plan for Egypt to host an African Business Summit later this year, aimed at strengthening ties among governments, financiers, and the private sector.\n <\/p>\n","protected":false},"excerpt":{"rendered":"Speaking at a steering committee meeting of the African Union Development Agency (NEPAD), Foreign Minister Badr Abdelatty presented…\n","protected":false},"author":2,"featured_media":286724,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":{"0":"post-286723","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/286723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=286723"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/286723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/286724"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=286723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=286723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=286723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}