European Union to invest over 150 billion euros in Africa
February 11, 2022, 4:38 am

European Union to invest over 150 billion euros in Africa

Ursula von der Leyen/Facebook page

The Xinhua reported, the president of the European Commission, Ursula von der Leyen, announced Thursday in Dakar, the European Union will invest more than 150 billion euros in Africa over the next few years as part of the first regional plan under the Global Gateway strategy.

Von der Leyen, who made the remarks at a joint press conference with Senegalese President Macky Sall, did not give any further information on the investment programme.

She noted that at the EU-African Union Summit scheduled for February 17-18 in Brussels, a first series of strategic interventions will be identified, notably through the new European strategy for investment in infrastructure projects called the Global Gateway.

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von der Layen said: "Of course we need the private sector, its expertise and strong investment, and we also need political will at the highest level."

For his part, Macky Sall stressed that given their geographical proximity, Europe and Africa have an interest in working together.

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He called for a "renewed partnership" with Africa, a guarantee of an opportunity for investment and partnerships.

Source: xinhua

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Upon arriving to participate in the summit of the European Political Community, which includes around forty heads of state in Budapest, he said, "I look forward to sitting with the elected U.S. president and seeing how we will collectively ensure we meet challenges, including the threats from Russia and North Korea." He also noted that the strengthening of ties between Russia and North Korea poses a threat to the United States as well, according to reports from Agence France-Presse.

Before Trump's victory, Rutte expressed confidence that a united Washington would remain part of the defensive alliance, even if Trump became the 47th president of the United States. In an interview with German public broadcaster ZDF last Monday night, he stated that both Republicans and Democrats understand that NATO serves not only the security of Europe but also that of America. He added that both candidates are aware that the security of the United States is closely tied to NATO.

On Wednesday, NATO congratulated Trump on his victory but did not address the Ukrainian issue.

It is noteworthy that the relationship between the elected U.S. president and the defense alliance was not the best during his first term in the White House. Trump criticized NATO member states multiple times and even hinted at withdrawing from the alliance unless they increased their financial contributions.

Additionally, the issue of the Russian-Ukrainian war is one of the matters that complicate relations between the two sides, especially since Trump has repeatedly stated that he can end this ongoing conflict, which began in 2022, quickly. He implied that he had a peace plan between Kyiv and Moscow, while his vice president, JD Vance, revealed aspects of that plan, which stipulated Ukraine's commitment not to join NATO, thereby sending reassuring signals to the Russians.

Furthermore, many NATO member states in Europe fear that Trump might halt military aid to Ukraine after he previously criticized the U.S. for pouring funds into supporting Ukrainian President Volodymyr Zelensky.