Europe intends to mobilize more than 150 billion euros of investment in Africa

“Today, I am proud to announce more than 150 billion euros through the Africa-Europe program; it is the very first regional plan under Global Gateway,” she told the press.

These promises relate to the European initiative aimed at mobilizing up to 300 billion euros in public and private funds by 2027, particularly in infrastructure projects around the world. The initiative was launched last December.

The Heads of State or Government of the African Union and the European Union will meet for a summit in Brussels on 17 and 18 February.

“A partnership postulates exchange and sharing. Each of our two continents has gigantic possibilities to benefit from this common project. The EU will bring public and private investment capacities, as well as know-how in green infrastructure and technologies, which are essential for our common fight against climate change and the transformation of African economies. Africa has significant natural resources, a young and dynamic population just waiting to be mobilized, and impressive capacities for innovation and inventiveness. It also needs better access to resources, including through the reallocation of special drawing rights on a voluntary basis.