African Trade Insurance Agency (ATI)
Source: African Trade Insurance Agency (ATI) |

Private sector investment in Benin, Burkina Faso, Chad and Senegal to accelerate following EIB insurance support

Agreements for EUR 60 million from EIB will enable the four countries to either become full members or increase their current participation in ATI before the year ends

Initiative to leverage around EUR 1 billion private sector investment in Western and Central African states; EIB agrees EUR 60m financing to unlock African Trade Insurance Agency (www.ATI-ACA.org) membership; Team Europe-Africa cooperation supporting economic resilience to COVID-19. Private sector investment in Benin, Burkina Faso, Chad and Senegal, will be strengthened…

Source: African Union (AU) |

Coronavirus - Africa: The African Union and Estonia launch hackathon to develop digital solutions to accelerate Africa post-COVID recovery

The online hackathon is seeking innovative solutions to socio-economic problems in Africa, exacerbated by the COVID-19 crisis

African Union and Estonia, in cooperation with Finland, Ireland, Luxembourg and Poland, with the implementing partners Garage48 and Smart Africa are organizing an online cross-continental hackathon “EU-Africa: The Post Crisis Journey” on 10-13 December 2020. The online hackathon is seeking innovative solutions to socio-economic problems in Africa, exacerbated by the…

Source: European Investment Bank (EIB) |

Coronavirus - Africa: United Nations Development Programme (UNDP) and European Investment Bank (EIB) expand partnership to support governments in tackling global crisis

The immediate focus will be to address setbacks, mainly caused by the COVID-19 crisis, in Eastern and Southern neighborhood, Central Asia and Africa

The European Investment Bank (EIB) and the United Nations Development Programme (UNDP) have signed a new partnership agreement to scale up their support to countries facing situations of emergency caused by epidemics, natural disasters, conflict and other types of fragility.  This agreement will enable both institutions to reinforce the resilience…

Source: African Union (AU) |

Team Europe supports Africa’s COVID-19 response with 1.4 million test kits donated by Germany and delivered by the EU Humanitarian Air Bridge

This donation is to provide direct support for implementation of the Africa Joint Continental Strategy for the COVID-19 Outbreak

Africa Centres for Disease Control and Prevention (Africa CDC), through the African Union, today received the third and last batch of 1.4 million COVID-19 test kits donated by the Government of Germany. The kits were delivered through a European Union (EU) Humanitarian Air Bridge flight as part of the EU’s…

Source: European Investment Bank (EIB) |

Agence Française de Développement (AFD), European Investment Bank (EIB), the European Union (EU) and Kenya join forces to improve access to water and sanitation in Kisumu

In Kenya’s third largest city Kisumu, the close proximity of Lake Victoria does not automatically ensure access to clean water for the 800,000 residents

On the sidelines of the visit to France of the President of the Republic of Kenya, H.E. Mr. Uhuru KENYATTA on October 2, financing agreements for the Lake Victoria Water and Sanitation Project (LVWATSAN), a project which aims to improve access to Water and Sanitation in Kisumu, were signed. The…

Source: United Nations - Office of the Spokesperson for the Secretary-General |

Coronavirus: UN welcomes nearly $1 billion in recent pledges - to bolster access to lifesaving tests, treatments and vaccines to end COVID-19

A coalition of 16 pharmaceutical companies and the Bill & Melinda Gates Foundation signed an agreement to cooperate on vaccine manufacturing and to scale up production

New commitments from governments, international organizations and the private sector support unified approach to end pandemic, backing a response of unprecedented scale, scope and speed­—through the Access to COVID-19 Tools Accelerator­—as pandemic claims more than 1 million lives Recent Commitments at a Glance:   United Kingdom – £571m (US$ 732m)…

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Source: Africa Oil & Power Conference |

Germany advances as Major Player in Pan-African Trade and Investment

The Germany-Africa Business Forum (GABF), Africa Oil & Power and the African Energy Chamber co-hosted the webinar as part of a GABF cooperation-focused series

“Investment and Trade for Africa’s Economic Development” – a public webinar held on Wednesday – targeted opportunities for cross-border collaboration between Africa and Germany; the African Export-Import Bank announced its plans to sign a Memorandum of Understanding with German car manufacturers to establish an automotive industry in Africa; the Germany-Africa…

Source: African Energy Chamber |

The Democratic Republic of the Congo - A change of perspective on Africa's problem child (By Jessica Stang)

According to the World Bank, just under 20 percent of the population in the DRC currently has access to electricity

By Jessica Stang, Community Manager of the Germany Africa Business Forum Every time I take an Uber, the first topic of small talk is what my roots are. The reactions that I am half German and half Congolese differ greatly between Europe and Africa. Typically, when I mention the DRC…

Source: European Investment Bank (EIB) |

Coronavirus: European Investment Bank (EIB) approves € 12.6 billion financing for transport, clean energy, urban development and COVID-19 resilience

Also backed investment in agriculture, water, housing, telecommunications and urban development across Europe, as well as in Africa, Asia and Latin America

€ 3.1 billion for COVID-19 public health and business financing; € 3.5 billion for private sector investment and working capital schemes; € 3 billon for clean energy and energy efficiency investment around the world; € 2 billion for Naples-Bari high speed train link largest loan in EIB history The European…

Source: European Court of Auditors (ECA) |

EU development aid to Kenya needs better targeting to make an impact, say Auditors

The auditors now call on the EU to rethink its approach to allocating development aid

The European Commission and External Action Service (EEAS) have not demonstrated that European Development Fund (EDF) aid to Kenya between 2014 and 2020 addressed the country’s development obstacles and focused on reducing poverty, according to a new report by the European Court of Auditors (ECA) (www.ECA.europa.eu). Projects funded under the…