EU chief unveils $200 billion investment plan for Africa

the strategy will use funding from EU institutions and member countries to leverage private-sector investment.

Speaking at a press conference in the Senegalese capital Dakar, von der Leyen told reporters she was"proud" to announce plans for Africa, where the aim was to amass at least €150 billion in investment.The EU's website says money under the Global Gateway will be earmarked for"smart, lean and secure links" in communications and transport and for boosting health, education and research.

"In this area Europe is the most reliable partner for Africa and by far the most important," she added. China in particular is accused of luring African countries into debt traps, offering huge unaffordable loans. Beijing disputes the charge, arguing that its loans are designed to alleviate poverty.For his part, Senegalese President Macky Sall told reporters on Thursday that he expected the EU-AU summit to produce a"renewed, modernised and more action-oriented partnership."

الإمارات العربية المتحدة أحدث الأخبار, الإمارات العربية المتحدة عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Foxconn to start $8 billion investment in Indonesia EV sector in Q3JAKARTA : Taiwan-based Foxconn will launch an $8 billion investment in Indonesia in the third quarter of this year to manufacture electric vehicles (EVs) and batteries, an Indonesian minister said on Wednesday. The iPhone assembler will build a factory on 200 hectares (494.21 acres) of an industrial zone
مصدر: ChannelNewsAsia - 🏆 6. / 66 اقرأ أكثر »