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September 2018
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EDITO
Friday, 21 September 2018

The African Union has appointed Carlos Lopes, a member of President Paul Kagame's dream team in reforming the continental body and former Executive Secretary of the United Nations Economic Commission for Africa, as the high representative for the post-2020 negotiations with the European Union.

The European Union has released €89.5 million in humanitarian assistance to Somalia and Djibouti, as millions are grappling with the consequences of prolonged extreme weather conditions. The funding comes ahead of the Somalia Partnership Forum co-hosted by the European Union taking place next week over 16-17 July.

The EU’s much vaunted private investment vehicle in Africa has moved a step closer to becoming reality after €800 million was unlocked to leverage multi-billion euro investments on the continent. At a meeting on July 10, the board of the European Fund for Sustainable Development gave its green light to a package of financial guarantee programmes worth around €800 million as part the bloc’s External Investment Plan (EIP).

As part of its External Investment Plan, the EU gave its green light to a package of financial guarantee programmes worth around €800 million on 10 July. This will help to leverage an estimated €8-9 billion in public and private investment in Africa and the Neighbourhood. Yesterday's decision is a major milestone towards delivering investments in Africa and the Neighbourhood through the EU's External Investment Plan (EIP), which is expected to leverage €44 billion of investments through an EU contribution worth €4.1 billion.

Africa’s share of the European avocado market fell from 27% to 18% between 2014 and 2017, according to FreshFruitPortal, citing data from Eurostat. While African avocado exports to the EU actually rose by about 5% over this period, from 82,000 to 86,000 tonnes, this increase is marginal compared to the 59% leap in avocado imports to the EU between 2014 and 2017 (from 305,000 to 486,000 tonnes).