EIB plans €4bln African investment in 2020
Wednesday, 26 February 2020 11:46
The European Investment Bank announced on February 24 an envelope of €4 billion to support public and private investment in Africa this year. The fund will be allocated to infrastructure that drives private sector growth, enabling job creation by entrepreneurs, start-up companies and corporates, and provide new financing for climate-related investment and sustainable development.
“Africa is a key priority for the European Union and the European Investment Bank. The European Investment Bank is committed to working with African partners to accelerate and expand new investment that delivers sustainable development, tackles the climate emergency, creates jobs and improves lives across Africa,” said Werner Hoyer, EIB’s President.
Last year, the Bank invested a total of €3 billion in Africa. Today, the institution boasts of an investment of over €45 billion, with technical and financial teams in 9 cities across the continent.
André Chadrak
Additional Info
- communiques: Non
- couleur: N/A
Live News
-
Safaricom Deploys $ 154 Million Green Bond to Slash Energy Costs and Widen Margins
11:33
-
Italian Tractor Maker McCormick Enters Ethiopian Agricultural Machinery Market
10:17
-
Mauritius Creates National Unit to Oversee AI Development
10:08
-
Zambia and Yango Held Talks on Digital Transformation
10:06
-
Togo Pitches Reforms at Ongoing Diaspora Investment Forum
17:03
-
Nigeria: Bottomline Assist Helps Companies Access Tech Talent
15:47
-
Black Swan’s Derick Kazimoto Pushes Data-Driven Credit Models in Africa
15:06
-
Djibouti Moves Toward Launch of National Cybersecurity Authority
14:52
-
Mali Adopts 2026-2030 Cybersecurity Strategy to Counter Rising Attacks
14:48
-
Local Initiatives Organise Fish-Farming Bootcamp in Move to Slash Cameroon’s Fish Import Bill
13:37
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
McCormick Tractors enters Ethiopia through an exclusive distribution partnership with Kerchanshe Group. Ethiopia plans to increase its tractor fleet...
Mauritius creates an Artificial Intelligence Unit under the Ministry of ICT and Innovation to coordinate national AI initiatives. The country ranks...
The Ministry of Technology and Science and Yango hosted a dialogue to explore public-private strategies for accelerating Zambia’s shift to a...
South Africa’s BBI and Huawei are building a national optical backbone to meet SA Connect goals by 2030. Huawei’s 800G tech enables real-time data...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...