EU Chief Unveils 150bn Euro Investment Plan For Africa

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EU chief Ursula von der Leyen on Thursday unveiled plans to muster investment of more than 150 billion euros for Africa, proclaiming Europe to be the continent’s biggest and “most reliable” partner. The scheme is the first regional plan of the European Union’s Global Gateway — an investment blueprint that seeks to mobilise up … Continue reading EU Chief Unveils 150bn Euro Investment Plan For Africa

EU chief Ursula von der Leyen on Thursday unveiled plans to muster investment of more than 150 billion euros for Africa, proclaiming Europe to be the continent’s biggest and “most reliable” partner.

The EU has set a target date of 2030 for the African funds under the plan, according to a document from the European Commission. Von der Leyen, who is president of the powerful executive European Commission, arrived on Wednesday to prepare for a summit between the EU and the African Union on February 17-18.

Global Gateway is rooted in “the values to which Europe and Africa are committed, such as transparency, sustainability, good governance and concern for the well-being of the people,” von der Leyen said.Speaking to AFP before arriving in Senegal, von der Leyen warned that foreign investment in Africa too often came with “hidden costs” attached.

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.”

 

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The best and the greatest investment EUinNigeria, Europarl_EN, EuropeanUnion12 can give to Africa now, today and tomorrow is the Freedom of Biafra. Tell them that

The highest and the investment they can do in Africa now, today and tomorrow is the freedom of Biafra. Tell them that!

So! Africa's stolen wealth in Europe would now be 'returned' as 'investments', not as 'loans' as it happened in the not too distant past

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