Sustainable Development
U.N. assembly designates Korea and Chile as co-hosts for 2028 ocean conference
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The U.N. General Assembly adopted a resolution on Tuesday designating South Korea and Chile as co-hosts for the 2028 U.N. Ocean Conference during a plenary meeting in New York. The vote passed 169-2 with no abstentions, opposed by the United States and Argentina. The event focuses on implementing Sustainable Development Goal 14, 'Life Below Water'.
Egypt's Minister of Water Resources and Irrigation, Hany Sewilam, met with Nouraia Sanz, Regional Director of UNESCO's Cairo Office, ahead of the end of her term, reaffirming Egypt's commitment to continued cooperation with the organization on water management and climate adaptation. Sewilam praised UNESCO's constructive role in supporting Egypt and the wider region across water management, science, culture, and sustainable development.
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The European Investment Bank (EIB), through its development arm EIB Global, has committed $80 million to the RMBV North Africa Fund III to accelerate private sector development and sustainability in Egypt, as part of a broader regional investment strategy covering North Africa. The signing took place at an event in Cairo attended by Egypt’s Minister of Planning, Economic Development and International Cooperation Rania Al-Mashat, EIB Vice-President Gelsomina Vigliotti, and RMBV Managing Partner Ahmed Badreldin.
Commercial International Bank Egypt (CIB) has launched the Women in Business Empowerment Programme, developed with the European Bank for Reconstruction and Development (EBRD) and supported by the European Union’s Financial Inclusion Initiative. The initiative aims to boost women's economic participation and enhance their business growth and competitiveness, aligning with Egypt Vision 2030 and the United Nations Sustainable Development Goals.
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Kenya's Cabinet has greenlit a new National Energy Policy and an updated National Petroleum Policy to drive the country's industrial ambitions. These measures aim to enhance energy access, attract investments, and promote sustainable development. Additionally, a Livestock Value Chain Support Project was approved to improve dairy farming productivity.
Nigeria's House of Representatives has initiated a comprehensive investigation into 17 years of failures in the electricity sector. Speaker Abbas Tajudeen emphasized the parliament's commitment to ensuring reforms deliver tangible results. The probe aims to review investments and policy implementation since the sector's reforms began.
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The Philippines has been selected to host the 10th edition of the United Nations Tourism World Forum on Gastronomy Tourism in 2026. The Department of Tourism announced the decision, highlighting the country's culinary heritage and sustainable practices. Tourism Secretary Christina Garcia Frasco called it a perfect venue for global cultural exchange through food.
Eu to disburse €1 billion to Egypt on Thursday under macro-financial aid
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