EUROPEAN Commission President Ursula von der Leyen announced a $171bn investment plan for Africa that will include private sector investments as well as funding from EU institutions and member countries.
It is the first regional plan of the European Union’s Global Gateway investment scheme, which aims to mobilise investments of up to $340bn for public and private infrastructure around the world by 2027.
On Thursday, Von der Leyen said that she was ‘proud’ to announce the over $150bn euro investment plan for Africa.
However, she did not offer details about how the money would be raised or spent.