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Egypt says the inaugural Alamein Africa Forum will be held every two years, creating a standing platform intended to connect African governments, businesses and financiers around investable projects.
A permanent forum in New Alamein
Prime Minister Mostafa Madbouly announced the plan during the opening of the first forum in New Alamein on Friday, 2 October. He said the event should move beyond broad discussions of Africa’s economic promise and help convert opportunities into projects, investment and jobs.
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The forum is being staged alongside other high-level continental meetings in Egypt, including a summit of founding states of the African Union Development Agency–NEPAD and the African Union Mid-Year Coordination Meeting.
Egypt’s State Information Service said the African Union Summit approved the biennial New Alamein forum in February 2026. The inaugural gathering runs from 2 to 4 October and brings together government representatives, investors, development institutions and private-sector leaders.
From potential to financing
Madbouly pointed to the continent’s natural resources, youthful population, large consumer market and prospects in manufacturing, agriculture, energy, technology and services. But he also identified familiar obstacles: expensive capital, infrastructure gaps, constrained financing and weak connections between African markets.
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His central message was that Africa must accelerate the path from identifying priorities to backing viable deals. That means reducing perceived investment risks, mobilising finance and strengthening public-private partnerships, he said.
Afreximbank, AUDA-NEPAD and the Egyptian government are among the forum’s organisers. Their involvement gives the meeting a direct link to continental institutions focused on trade, project preparation and investment mobilisation.
Why it matters
For African and diaspora communities, the significance is not the creation of another summit alone. The test will be whether the forum produces transparent financing, cross-border infrastructure, stronger African supply chains and more opportunities for African-owned businesses.
The African Continental Free Trade Area and the African Union’s Agenda 2063 both depend on practical investment in production, logistics, energy and digital links. A regular business forum could help maintain political attention on those goals between AU summits.
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However, its credibility will rest on measurable outcomes: which projects secure funding, where jobs are created, whether smaller firms can participate and how benefits are shared across the continent. New Alamein will host the next edition in 2028 if the stated biennial schedule is maintained.