The Global Gateway Africa – Europe Investment Package aims to support Africa for a strong, inclusive, green and digital recovery and transformation by:
The Investment Package will be delivered through Team Europe initiatives: the EU, its Member States and European financial institutions will work together to support concrete and transformational projects jointly identified in priority areas.
To tackle the global challenge of climate change, the EU works with Africa to maximise the benefits of the green transition and minimise threats to the environment in full compliance with the Paris Agreement.
Across the African continent, massive deployment of renewable energy and clean hydrogen production would contribute to have at least 40 Gigawatts of electrolyser capacity by 2030. It would also help develop the renewable hydrogen sector by unlocking business opportunities in both the supply and demand side for energy intensive industries.
Tackling the global digital divide at all levels and strengthening secure digital connections between Europe and Africa, but also across Africa, is a common priority. In the post-COVID-19 world, strong digital connections have become even more essential. The Investment Package will facilitate projects in submarine and terrestrial fibre-optic cables, as well as cloud and data infrastructures. It will also support regulatory frameworks promoting a digital transition that put people at the centre and the principles of trusted connectivity, such as data protection.
Ambition by 2030: to accelerate universal access for all in Africa to reliable internet networks safely and securely wherever they live.
The African Union – European Union Digital4Development Hub is a multi-donor action to help operationalise digital cooperation by:
The Investment Package will allow to substantially increase investments to boost regional and continental economic integration, growth and decent job creation
The programme “Women Entrepreneurship for Africa” (WE4A) enables women-led businesses to integrate into local, regional and international value chains, creating a pathway to success for women entrepreneurs in Africa. The programme, financed by the EU with €20 million and implemented with the GIZ and the Tony Elumelu Foundation, has already benefitted 2,420 women entrepreneurs with training and USD 5,000 seed capital. Amongst those, 100 women entrepreneurs were selected in January 2022 to receive additional training and financing (€10,000), and the 20 best women entrepreneurs will be selected to take part in the growth programme.
The EU is a longstanding partner of Africa’s economic integration process. It will strengthen Africa’s regional and continental economic integration towards the Africa Single Market, including by supporting the African vision of the African Continental Free Trade Area as a single continental trade and investment system that is stable, solid and based on clear regulatory frameworks.
The package will also support the developing and strengthening of competitive, sustainable regional and continental value chains.
Ambition by 2030: Strengthen continental and regional economic integration and accelerate Africa’s industrial development.
Resilient health systems and successful vaccination campaigns are key to mitigating the effects of COVID-19 on public health and providing better health care in the future. Team Europe is supporting Africa’s efforts in vaccine deployment, infrastructure and production capacities, skills development, regulatory frameworks and universal health coverage.
Ambition by 2030: Improved vaccination coverage, strengthened African pharmaceutical system with regional manufacturing capacities to meet local needs and demand
The Team Europe initiative Manufacturing and Access to Vaccines, Medicines and Health Technologies aims to support African partners in strengthening local pharmaceutical systems and manufacturing capacity. At regional level, EU funding is mobilised for regulatory strengthening and the African Medicines Agency (AMA), the WHO technology transfer hub, and the secretariat of the Partnership for African Vaccine Manufacturing, hosted by the Africa Centres for Disease Control and Prevention. At national level, the focus is on increasing production capacity and manufacturing plants and on creating the right ecosystem for investment.
Investing in education is an investment in the world’s future. With 1.6 billion children out of school at the peak of the COVID-19 pandemic, an unprecedented learning disruption has been created, which we collectively need to address.
The EU is committed to supporting its African partners in providing modern, quality education and training for all children and youth, it is also committed to providing training that corresponds to the opportunities available on the labour market, facilitating youth mobility, and fostering innovative solutions to enhance teachers’ competences and skills.
Ambition by 2030: Expanded skills development opportunities, to meet emerging needs for Africa’s economic and social transformation
The Team Europe Initiative on Youth Mobility for Africa will promote youth exchanges and mobility in Africa and between Africa and Europe. Under its umbrella, it will gather all relevant EU programmes such as Erasmus+ and offer a critical mass of scholarships and internships. By helping to strengthen Africa’s higher education space and promoting the continent as a study destination for African students, it will support African continental integration.
Unlocking additional financing for sustainable transitions will be key to achieve our common ambition.
The EU will fast-track its offering of national and regional investment platforms to African partners. European Union Delegations will function as first points of contact. They will:
The financing of the Global Gateway Africa-Europe Investment Package include EU and the EU Member States’ bilateral aid, and both grants and loans. The Investment Package will also attract private funding, targeting investment from both Africa and Europe.
The EU will help mobilise investment by sharing risks involved in investing through blended finance and guarantees.
The EU will seek to support partner countries in developing and scaling up their green bond markets, thereby helping them to attract greater financing from the international capital markets and institutional investors for their sustainable investment.
It will do so by:
a) providing technical assistance to partners, and
b) attracting private investors
A substantial re-channelling of part of the EU’s Special Drawing Rights (SDR) to Africa and other vulnerable countries is envisaged. The SDR will be mostly channelled by EU Member States on a voluntary basis as loans through two IMF trust funds: the Poverty Reduction and Growth Trust Fund and the new Resilience and Sustainability Trust Fund.