Joint Statement between the EU and Kenya on the implementation of the EPA
Joint Press Statement by the European Commission Executive Vice-President and Commissioner for Trade, and the Cabinet Secretary for Investments, Trade and Industry of the Republic of Kenya, to reaffirm their commitment towards the implementation of the EU-Kenya Economic Partnership Agreement.
EU's first Sustainable Investment Facilitation Agreement enters into force with Angola
The EU-Angola Sustainable Investment Facilitation Agreement (SIFA) has entered into force. This is the first-ever EU agreement on investment facilitation. It aims to stimulate foreign investments needed to achieve sustainable development goals. The SIFA will create a more transparent, efficient, and predictable business environment for investors in Angola and to promote sustainable investment by EU businesses in Angola.
EU and international partners agree to expand cooperation on critical raw materials
The EU, the US, and other Minerals Security Partnership (MSP) partners, joined by Kazakhstan, Namibia, Ukraine, and Uzbekistan, announced the launch of the Minerals Security Partnership Forum (or “MSP Forum”). The forum will serve as a new platform for cooperation in the area of critical raw materials (CRMs) vital for the global green and digital transitions.
A mobile application helps African farmers manage and restore their land
A new mobile application is bringing farmers in Africa the science of monitoring land restoration. The Regreening Africa App is part of an EU- funded project, which helps farmers, government agents and project officers to collect data on key indicators of land restoration. The data ranges from number and types of trees planted, plant survival rate over time, location of tree nurseries and the tree species they stock, polygons and management practices in farmer-managed natural regeneration (FMNR) sites, training offered to farmer groups, number of women and youth who have benefited from the project.
EIB Global invests €25 million in Amethis Fund III to promote sustainable growth of African businesses
The EIB has so far invested nearly €3 billion in equity funds with a geographic focus on Africa. In 2023, close to 60% of the EIB’s fund investments were in Africa. Amethis has supported the growth of more than 30 African companies employing more than 40 000 people.
The EU has been, is and will remain a reliable security partner for Africa
After eleven years of presence, all EU personnel from the EU Training Mission in Mali are back in Europe. However, the EU remain firmly committed to the region: the people of the Sahel deserve peace and development and the EU is ready to accompany them on this journey whenever and wherever they wish. Beyond the Sahel, the EU is and will remain a reliable security partner for Africa.
EIB Global announces €450 million in support for Tunisia at Tunisia Investment Forum 2024
The €170 million Tunisia Economic Recovery credit line will back micro, small and medium-sized enterprises. This financing goes hand in hand with an €8 million EU grant. A €210 million loan has been granted to create a dual carriageway between Sfax and Kasserine to improve regional connectivity and promote balanced economic growth. A €45 million loan has been approved for the ELMED Italy-Tunisia electricity interconnection project. There will also be a €25 million EU grant for school modernisation.
EUMPM Niger: Council decides not to extend the mandate of the mission
The Council today decided to not extend the European Union military partnership mission in Niger (EUMPM) beyond 30 June 2024, in view of the grave current political situation in the country.
Historic WIPO treaty adopted on intellectual property and genetic resources with strong support from countries in Africa
In a landmark achievement for international intellectual property law, the WIPO treaty on intellectual property, genetic resources, and associated traditional knowledge was adopted by consensus on 27th May. This milestone underscores the vitality of multilateralism in the field of IP.
Mauritania: BCI and EIB partner up to fund SMEs, with EU support
Just three months after signing a financing arrangement with the EIB, the BCI has already granted MRU 280 million (€6.5 million) in loans to five SMEs to support employment, entrepreneurship and access to finance for Mauritania’s women and youth.