Egypt has launched a “Team Africa” initiative aimed at mobilising $500bn for approximately 300 developmental projects across the continent, Foreign Minister Badr Abdelatty said on Sunday. Delivering a speech on behalf of President Abdel Fattah Al-Sisi at the African Union Development Agency (NEPAD) steering committee meeting, Abdelatty outlined a roadmap for the agency’s second ten-year plan under Agenda 2063. Egypt, which has chaired the NEPAD steering committee since February 2023, is handing over its leadership to Angolan President João Lourenço. On the security front, the agency adopted a comprehensive approach linking peace, security, and development. This includes updating the African Union’s policy on Post-Conflict Reconstruction and Development (PCRD) and strengthening cooperation with the Cairo-based AU Centre for PCRD.

Source: Daily News Egypt February 15, 2026 13:54 UTC