Source: Baker McKenzie |

European Union (EU)’s Global Gateway Africa-Europe Initiative to provide access to EUR 150 billion for African infrastructure development

The Global Gateway Africa-Europe investment package will allow the EU to support projects in priority areas on the continent, with a focus on the green transition

The European Commission recently announced investment funding for Africa worth EUR 150 billion as part of the European Union (EU) Global Gateway Investment Scheme. This funding is said to be in the form of EU combined member funds, member state investments and capital from investment banks. Michael Foundethakis, Baker McKenzie’s…