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Newsletter 574

Video guest: Josephine Mwangi

September 2019
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Tuesday, 24 September 2019

Ms Isabelle Grunderbeeck, the Regional Representative for West Africa of European Investment Bank (EIB), says the bank plans to invest 700 million euros in some identified projects in Nigeria. Grunderbeeck disclosed this at the bank’s interactive meeting with its clients and other stakeholders in Abuja on Tuesday. She said that the planned investment was in addition to the fund already committed to the Nigerian economy.

Next week will be a crucial time for the French Development Agency (AFD) as it will be signing a three-year grant worth R14.5-million (€950 000). This will be its first investment in digital innovation in South Africa. The money will go into funding Digital Content Hub of Tshimologong Digital Innovation Precincts. Based in Braamfontein, Digital Content Hub will be launched on 9th July 2018.

On 11 July 2018, EU ambassadors agreed the Council's position on the 2019 EU draft budget in advance of negotiations with the European Parliament. In total, the Council foresees €164.1 billion in commitments and €148.2 billion in payments for next year’s budget. Compared to 2018, this is a +2.09% increase in commitments and +2.34% increase in payments. Hartwig Löger, Austrian Federal Minister for Finance declared ''The Council has continued to pursue a balanced approach to the annual budgetary process.

Thursday, 12 July 2018

Political relations The EU, together with Somali authorities and international key partners, is engaged in Somalia through an integrated approach based on active diplomacy, support for political change, improving security, development assistance and humanitarian aid. For the period 2015-2020, the cooperation of the EU and the Member States amounts to more than €3.5 billion, and includes development aid, humanitarian aid and peacekeeping operations.

Wednesday, 11 July 2018

As the Sahel region experiences its worst food and nutrition crisis in five years and continued insecurity, the Commission has announced a humanitarian aid package worth €191.3 million. "There is no time to waste with many affected by a worsening food security crisis in the Sahel. Our EU aid will throw a lifeline to the most vulnerable.

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