EU updates sustainable development trade tool for developing countries
The European Commission, European Council and the European Parliament struck an agreement to revise the Generalised Scheme of Preferences (GSP), the EU’s sustainable development trade tool, for developing countries.
EIB Global and EU, under the Global Gateway Initiative, support wind farm expansion in Cabo Verde
Today, new wind turbines and a battery system were inaugurated in Cabo Verde, thanks to additional financing of more than €39 million from the European Investment Bank (EIB), through its development arm EIB Global, and backed by EU guarantees. The African Development Bank has co-financed the expansion.
European Union committed to the security and governance of ten key ports in West and Central Africa
More than 100 participants from Togo institutions, beneficiary ports in West and Central Africa, regional organisations, technical partners and the private sector met for two days in Lomé for the seminar to launch the SCOPE Africa regional project “Securing Corridors, Ports and Exchanges in Western and Central Africa”, in the presence of H.E. the Minister Counsellor Stanislas BABA, Secretary-General of the Togolese Government.
Joint Statement Declaration of Intent from the United States Government and the European Commission on the Lobito Corridor and Investment in the Great Lakes Region
The Government of the United States and the European Commission reaffirm our shared commitment to promoting peace, security, and economic growth in the Great Lakes region of Africa.
EIB Global and African Development Bank invest US$ 275 million to modernise Mauritania’s main railway corridor
- US$ 150 million from the African Development Bank and US$ 125 million from EIB Global, guaranteed by the European Union, to modernise Mauritania’s main railway corridor
- The landmark project will expand and rehabilitate the Zouerate–Nouadhibou line, strengthen Mauritania’s competitiveness, support green growth, and boost regional integration
- A joint operation aligned with the European Union’s Global Gateway strategy and Mauritania’s industrial development priorities
EU and South Africa sign first-ever Clean Trade and Investment Partnership (CTIP)
The EU and South Africa signed the first-ever Clean Trade and Investment Partnership (CTIP), building on the EU-South Africa Strategic Partnership and the Economic Partnership Agreement.
Joint declaration of the 7th African Union - European Union summit 2025, 24-25 November 2025
At the 7th African Union - European Union summit in Luanda (Angola) on 24-25 November 2025, the EU and African Union leaders agreed on a joint declaration.
Pan-African Parliament-European Parliament Joint Declaration (24 November 2025)
Parliamentarians from the European Parliament (EP) and the Pan-African Parliament (PAP) met in Midrand (Seat of the PAP, in Johannesburg, South Africa) on 14-15 November 2025 and agreed on a Joint Declaration following their Parliamentary Pre-Summit meeting to the 7th African Union-European Union Summit (Luanda, Angola).
EBRD invests US $40 million in Infinity to accelerate renewable energy growth across Africa
The European Bank for Reconstruction and Development (EBRD) has announced an additional equity investment of US$ 40 million in longstanding client Infinity, Egypt’s leading developer of renewable energy. This brings the Bank’s total equity commitment to US$ 141.5 million, up from US$ 101.5 million. The new capital will support Infinity Power, Infinity’s subsidiary, in delivering approximately 3 gigawatts (GW) of renewable energy capacity across key African markets.
AU–EU Business Forum 2025: getting the private sector in sustainable investments and trade for shared prosperity with Africa
The 2025 edition of the Africa–Europe Business Forum (AEBF2025) convened this week in Luanda, bringing together African and European businesses, investors, and policymakers to deepen economic cooperation and advance sustainable development across both continents. Marking 25 years of AU-EU partnership, the Forum took place against the backdrop of one of the world’s most significant economic relationships: the EU remains Africa’s largest trade partner and top investor, accounting for 33% of African goods traded and €239 billion invested in 2023.