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The EIB in Africa: Economic Resilience and Migration

Video guest: Josephine Mwangi

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Friday, 07 December 2018

The EIB in Africa: Economic Resilience and Migration

Africa has huge potential. Its young population wants to succeed. But the continent needs a lot of investment quickly. The EIB is ready to act. We are experts at financing sustainable infrastructure and supporting the private sector. Our Economic Resilience Initiative and the ACP Migration Package support small businesses, create jobs and build vital infrastructure. Finance for Africa: Boost Africa is aEUR 200 million fund for innovative startups in sub-Saharan Africa. It will create 25,000 jobs. Building bridges: In Senegal, we are helping to finance the 1.46-kilometre Pont de Rosso that crosses the Senegal River. This project helps the wider continent, as it forms the only fixed link between Senegal and Mauritania. Helping students: The EIB’s investment in a cutting-edge campus for Fes University will help 6,000 students from Morocco and other countries. The project includes scholarships for low-income students and solar power for the buildings.

Source: eib.org