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ACP-EU Policy

Video guest: Josephine Mwangi

October 2018
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EDITO
Tuesday, 23 October 2018

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.

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.

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.

Tuesday, 10 July 2018

"The EU must strengthen its action in Angola and, more in general, in Africa,’’ said European Parliament President, Antonio Tajani, following today’s meeting with the President of Angola, João Lourenço. "In the next Multilateral Financial Framework - added Tajani – EUR 40 billion should be earmarked for a comprehensive Marshall Plan for Africa that helps mobilise overall investment worth EUR 500 billion in the next ten years on the continent."

According to the European Commission, third countries that export animals and animal products to the European Union will have to abide by new rules on veterinary medicines when it comes to the use of antibiotics. But non-EU countries warn that this could break WTO rules as well as have severe implications on global trade.

Today in Luxembourg, the European Investment Bank (EIB) is hosting the Asociación Latinoamericana de Instituciones Financieras para el Desarrollo (ALIDE), the international organisation representing development banking in Latin America and the Caribbean.

Friday, 06 July 2018

The Austrian government led by the young conservative chancellor, Sebastian Kurz, aged only 31, has taken over the rotating presidency of the Council with a programme focused on tackling immigration. The Austrian presidency of the EU, the third following 1998 and 2006, has for its slogan “A Europe that protects”.

The French Development Agency (AFD) has approved a €8 million grant that will be directed towards the development of the Tendaho geothermal project in Ethiopia. The geothermal project is being implemented by Ethiopian Electric Power, in coordination with Geological Survey of Ethiopia.It is funded by the European Union, through the European Union Africa Infrastructure Trust Fund (EU-AITF).