Global Gateway: EU Commissioner Urpilainen and AU Leadership strengthen partnership and take stock of progress
During her mission to the African Union (AU) and Ethiopia on Monday 14 October, European Commissioner for International Partnerships Jutta Urpilainen and AU leadership reaffirmed the two Unions’ shared commitment to sustainable prosperity and effective multilateralism, peace and security. The visit was an opportunity to take stock of progress made through Global Gateway in advancing the objectives of the EU-AU Joint Vision for 2030 and the AU Agenda 2063.
Africa-Europe Ocean Strategic Group drives the partnership between two continents
On 10 October 2024 the Africa-Europe Ocean Strategic Group presented its report on how to help the two continents work together on ocean issues.
The group has been set up by the European Commission, in partnership with the African Union Commission, and it is run by the Africa-Europe Foundation with funding from the European Commission (European Maritime, Fisheries and Aquaculture Fund (EMFAF )).
Global Gateway: EU and partners sign three EFSD+ guarantee agreements to boost sustainable development in partner countries
The European Union launched three EU-supported investment programmes valued at €700+ million which will mobilise €6.3 billion in public and private investments, taking a big step towards closing the Sustainable Development Goals (SDG) investment gap.
The programmes, which all reflect a strong commitment towards climate resilience and inclusive economic prosperity, are all supported by the European Fund for Sustainable Development Plus (EFSD+), one of the financing tools of Global Gateway, promoting sustainable investments in partner countries.
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.