Source: European Investment Bank (EIB) |

Team Europe pledges support for eradicateMalaria, an initiative aiming to facilitate the development and production of a highly efficacious malaria vaccine

The initiative can count on substantial financing by Team Europe, including for the late-stage trials of BioNTech’s project

Backed by the eradicateMalaria initiative, German company BioNTech announces a malaria project consisting of the development of an mRNA-based vaccine against the disease and the evaluation of mRNA vaccine production in Africa; The initiative can count on substantial financing by Team Europe, including for the late-stage trials of BioNTech’s project;…

European Investment Bank (EIB)
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    • Providing affordable clean energy access to rural communities in Uganda
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Source: European Investment Bank (EIB) |

Scaling-up off-grid solar across Africa - EIB and International Solar Alliance study identifies solutions to unlock energy access for 120 million households

Study provides specific policy guidance for African countries based on barriers

New analysis identifies challenges and solutions to transform clean energy; In-depth research in Nigeria, Uganda and Rwanda provides framework for continent; Study provides specific policy guidance for African countries based on barriers; EIB (www.EIB.org) confirms financial and technical support for off-grid to transforming energy access for 120 million African households…

Source: European Investment Bank (EIB) |

EIB & KfW welcome progress in Lusaka sanitation project to double network access underway after decade of preparations

The EIB will provide EUR 102.5 million and KfW EUR 33 million (grant) for the overall project

Upgrading sanitation key to improve public health and COVID protection; First financing for EUR 262 million scheme disbursed by EIB (www.EIB.org) and KfW; Team Europe partners welcome scheme’s vision and ambition. New investment to transform public health in the Zambian capital Lusaka by improving access by 525,000 families to sanitation,…

Source: European Investment Bank (EIB) |

EIB & KfW welcome progress in Lusaka sanitation project to double network access underway after decade of preparations

The EIB will provide EUR 102.5 million and KfW EUR 33 million (grant) for the overall project

Upgrading sanitation key to improve public health and COVID protection; First financing for EUR 262 million scheme disbursed by EIB (www.EIB.org) and KfW; Team Europe partners welcome scheme’s vision and ambition. New investment to transform public health in the Zambian capital Lusaka by improving access by 525,000 families to sanitation,…

European Investment Bank (EIB)
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    • Team Europe is boosting the manufacturing and access to COVID-19 vaccines in Africa
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    • Republic of Senegal and Team Europe support agree to build a manufacturing plant to produce vaccines against COVID-19 and other endemic diseases (1)
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Source: European Investment Bank (EIB) |

Republic of Senegal and Team Europe support agree to build a manufacturing plant to produce vaccines against COVID-19 and other endemic diseases

The new manufacturing plant should reduce Africa’s 99% dependence on vaccine imports and strengthen future pandemic resilience on the continent

President of the Republic of Senegal, His Excellency Macky Sall, welcomes the support of Team Europe and other partners, including the United States and the  World Bank Group, in the construction in Senegal of a facility for manufacturing vaccines against COVID-19 and other endemic diseases; President of the Republic of…

Source: European Investment Bank (EIB) |

G7 Development Finance Institutions and multilateral partners to invest over $80 billion into African businesses over the next five years

It is the first time the G7 DFIs have come together to make a collective partnership commitment to the African continent

The G7 DFIs, the IFC, the private sector arm of the African Development Bank, EBRD and the European Investment Bank (www.EIB.org) today announced that they were committed to investing $80 billion in the private sector over the next five years to support sustainable economic recovery and growth in Africa. The…

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Source: European Investment Bank (EIB) |

Two European Investment Bank reports highlight solutions for development challenges and the importance of partnership with Africa

A Partnership with Africa lays out the EIB’s track record in Africa and illustrates how the EIB believes it can deliver better in the years ahead

The European Investment Bank (www.EIB.org) today releases its vision for working with Africa and a set of expert ideas about the future of development. The two new publications were formally launched by EIB President Werner Hoyer and Vice President Thomas Östros earlier today, ahead of the European Development Days. The…

Source: European Investment Bank (EIB) |

Development Bank of Austria (OeEB) and European Investment Bank launch EUR 100 million African private sector COVID-19 resilience investment initiative

Initiative to provide both direct loans to companies in Africa and through local financial partners

First OeEB-EIB cooperation to accelerate business investment, increase economic resilience to COVID-19 across Africa and create thousands of jobs; Scheme to strengthen access to long-term financing and provide EUR and USD loans; Initiative to provide both direct loans to companies in Africa and through local financial partners. Entrepreneurs and businesses…

Source: European Investment Bank (EIB) |

EU-Africa Green Talks in Madrid: A green future for Africa

The Green Talks will allow participants to share local perspectives on sustainable development and green investment driven by the public and private sectors throughout Africa

The Portuguese Presidency of the Council of the European Union, in collaboration with the European Investment Bank (EIB) and the Spanish Ministry of Foreign Affairs, European Union and Cooperation today hosted a discussion day on energy transition in Africa. The event was held as part of the EU-Africa Green Talks:…

Source: European Investment Bank (EIB) |

East African and international political leaders and financial experts highlight green investment best practice

Dialogue between European Investment Bank, Portuguese Embassy in Kenya, financial community and development stakeholders confirms importance of green investment

Nairobi hosts EU-Africa Green Talk dialogue on sustainable development impact of local projects; Dialogue between European Investment Bank, Portuguese Embassy in Kenya, financial community and development stakeholders confirms importance of green investment. The Secretary General of East African Community today joined more than 150 African business leaders, financial experts and…