Xi's announcement includes plans to fund infrastructure projects, support clean energy initiatives, and create at least 1 million jobs across the continent.
Madbouly also outlined Egypt’s strategic priorities as president of the African Union Development Agency (NEPAD) such as focusing on mobilizing financial resources for priority areas such as infrastructure development
“The long-term future outlook is positive, yet with such a rapid pace of change comes new risks, complexity, heightened regulatory scrutiny, and increasingly global exposures,” the report noted
According to the latest findings from Canalys, Africa has now positioned itself as the 3rd fastest-growing region for smartphones globally during this period
During the meeting, they also discussed joint work in the field of food security and enhancing agricultural investment in Africa, in addition to various development fields, and discussing cooperation with the bank through the Hub for Advisory, Finance & Investment for Enterprises