Italian Prime Minister Giorgia Meloni announced today a "strategic partnership" program with African countries, revealing an initial budget of $5.9 billion. Dubbed the "Mattei Plan," this initiative has a dual objective: to accelerate the development of African countries, thereby reducing migratory flows to Europe, and to establish Italy as an energy hub connecting Africa to Europe.
"Our plan is supported by $5.5 billion in loans, grants, and guarantees. Approximately $3 billion will come from the Italian Climate Fund, and $2.5 billion from the Development Cooperation Fund," said Meloni at the opening of the inaugural Italy/Africa Summit in Rome.
The partnership program, known as the "Mattei Plan," takes its name from Enrico Mattei, the founder of the Italian energy giant ENI. In the 1950s, Mattei advocated for an extensive development plan for African countries, assisting them in harnessing their natural resources.
Speaking in the presence of over 20 African heads of state and government, including the presidents of Tunisia, Senegal, Comoros, Republic of Congo, Eritrea, Ghana, Kenya, Mauritania, Mozambique, and Zimbabwe, Meloni highlighted the interconnected destinies of Africa and Europe.
"Italy is committed to demonstrating our awareness of the interconnected fate of our continents. We can envision and script a new chapter in our relations, involving cooperation among equals, far from any predatory temptations and charitable approaches to Africa," she declared. Meloni stated that her government aims to engage the private sector and international organizations, such as the European Union (EU), in the Mattei Plan.
The President of the European Commission, Ursula von der Leyen, the President of the European Council, Charles Michel, and the President of the European Parliament, Roberta Metsola, were all present at the opening session of the Italy/Africa Summit in Rome.
Meloni, whose country presides over the G7 this year, also pledged to make the development of Africa a central theme of her mandate. "Italy has made a specific choice in foreign policy that will give Africa a place of honor in the agenda of our G7 presidency," she announced.
In a statement given on Sunday evening to the public television channel Rai 1, the Italian Prime Minister unveiled some pilot projects envisaged under the Mattei Plan. "A large professional training center for renewable energies in Morocco, projects on education in Tunisia, and others for healthcare access in Côte d'Ivoire are some of the Mattei Plan's pilot projects. Sharing is one of the key principles of the plan, and the outcomes of this summit will be crucial to enriching the journey," she said, specifying that projects are also planned in Algeria, Mozambique, Egypt, the Republic of Congo, Ethiopia, and Kenya.
According to Italian media, the plan, spanning four renewable years, will be structured across various intervention areas, including partnerships in the energy sector, promotion of exports and investments, education and training, healthcare, food security, sustainable exploitation of natural resources, environmental protection, infrastructure development, prevention of irregular migration, and management of legal migration flows.
The goal is both to secure the EU's energy supply and expedite the development of African countries to curb migratory flows to Europe. During the UN General Assembly in September 2023, the Italian Prime Minister presented her plan as "a serious alternative to the phenomenon of mass migration."
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
Burkina Faso launches Lanaya, e-BDT to digitize Treasury services Platforms enable online procedures, payments, and real-time tracking Move...
Tanzania targets tripling paddy rice output to 8 million tons Goal requires higher yields, better inputs, improved mechanization Increased...
Ghana selects E&P to take over Damang gold mine Decision follows Gold Fields’ exit and tender process Move reflects push for local control in...
Inwi, China Mobile partner to deploy Morocco’s first private 5G Network to serve 52-hectare industrial site in Nador Project supports...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...