Dakar, 11 February 2022 (TDI): President European Union Commission Ursula von der Leyen launched the 150 billion Euros investment package for Africa under The Global Gateway initiative. The investment plan will be led by the EU and EU member’s bilateral aid and will be implemented by mutual cooperation of African countries.

EU Commission President Ursula von der Leyen is promoting European Union Global Gateway Investment Scheme on her two-country African Trip. She held a joint press conference with Senegal President Macky Sall.

Ursula said, “Today, I’m happy to announce over €150 billion for the Africa-Europe program. She added that it is the first regional plan under Global Gateway after the launching of the strategy. The press conference occurred on February 10.

Furthermore, she emphasized the contribution of private sectors, their expertise, and investment capacities to make this project successful.

Ursula von der Leyen also demands the commitment of African Political Leadership and the support of people. If individual citizens, local authorities, or parliaments take the initiative of Global Gateway seriously it will be more effective.

What will the Gateway Package in Africa do? 

The Global Gateway’s package for Africa is to support them for a strong, inclusive, green, and digital recovered continent.

The investment in  Africa will include Climate Change, sustainable energy, and agri-food systems. Moreover, this program will also increase investments and women’s entrepreneurship in Africa. So the action will help to improve regional and continental economic integration and decent jobs.

Additionally, the program includes health, education, and several other skill development opportunities. The year 2030 is the estimated year for this program to be effective.

EU Global Gateway Investment Program

EU Global Gateway Investment initiative is a plan to invest 300 Billion Euros around the world. The Investment will include Public and Private infrastructure and development schemes. The Funding for this plan comes from several avenues including investment by EU member States, Capital Raised by European Investments Banks, and EU funds.