European Commission President Ursula von der Leyen and World Bank Group President Ajay Banga announced today following a meeting in Brussels their intent to align the European Commission’s ‘Scaling Up Renewables in Africa’ initiative with ‘Mission 300′, which aims to provide electricity to 300 million people in Africa by 2030. With some 600 million people in Africa […]
An agreement signed by the EIB and the European Commission to boost private sector investment in African, Caribbean and Pacific countries
The European Investment Bank (EIB) and the European Commission signed agreements totaling EUR 4 billion on February 28, including a guarantee agreement that will mobilize up to EUR 3.5 billion in loans and EUR 500 million in Trust Fund contributions to African, Caribbean and Pacific (ACP) countries by 2027. The agreement marks an important step […]