EU GGI

EU's Global Gateway Initiative.

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22-2-10 EU's global investment strategy:  The Global Gateway Initiative seeks to invest €300 billion in public and private infrastructure schemes around the world by 2027. The funding comes by way of a combination of EU funds, member state investments and capital raised by European investment banks. The scheme has been presented by Brussels as a big step for the EU in building influence around the world.

The European Union said the Global Gateway Africa-Europe investment package would see EU members support projects in priority areas. Investments will focus on objectives based on the green transition, including renewable energy generation and protecting biodiversity by stabilizing 3 million square kilometers (1.16 million square miles) of land. There will also be support for sustainable agri-food systems. Efforts will also focus on sustainable growth and job creation.

On Wednesday, von der Leyen announced a green energy investment plan in Morocco valued at €1.6 billion.

European Commission President Ursula von der Leyen on 22-2-10 announced funding for investment in Africa worth over €150 billion ($170 billion). Von der Leyen is on a two-country Africa trip to promote Europe's Global Gateway investment scheme. The Commission chief made the announcement in a joint press conference with Senegal President Macky Sall, who has just taken the reins of the African Union.

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