Egypt Launches Investment Fund for Nile Basin Countries ...Egypt

Foreign Minister Badr Abdelatty announced on Monday, 14 October that Egypt has officially launched a Nile Basin investment fund to promote development through collaboration with other countries in the region. The fund’s primary goal is to support infrastructure and development projects across Nile Basin countries, including Uganda, Sudan, and others. Abdelatty explained that the fund will be financed from three main sources: the Egyptian state budget, partnerships with the private sector in Egypt, and collaborations with other Nile Basin countries as well as regional and international organizations. He emphasized that Egypt is hopeful these partners will channel a portion of their investment

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