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Last update: January 30, 2024

Global Gateway keeps focus on investments in Africa

EU Commission President Ursula von der Leyen at the opening of the Global Gateway Forum in Brussels in October. (IMAGO / Le Pictorium)
Around 150 billion euros are to be invested in Africa by 2027 under the EU initiative. The continent thus remains a clear focus of Global Gateway, as a new GTAI report on the lighthouse projects of the New Silk Road competitor shows.
Arne Schütte
Arne
Schütte
The European Commission and the African Development Bank have signed a new framework agreement for their existing financial partnership. The Brussels-based authority hopes that the deal will give a boost to its Global Gateway infrastructure initiative in Africa. According to the EU Commission, the aim is to drive investment in projects. The EU initiative is considered Brussels's alternative to China's New Silk Road.
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