von der Leyen: The EU is on track to surpass its investment target for Africa
Brussels, 24 November (Hibya) – European Commission President Ursula von der Leyen announced that the European Union is entering a phase in which it is approaching surpassing its planned investment target for the African continent.
Von der Leyen recalled that when the Global Gateway program was launched, an investment target of 150 billion euros for Africa had been set, emphasizing that four years later significant progress had been made toward achieving this goal.
“When we launched Global Gateway for Africa, our aim was to invest 150 billion euros in the continent. Four years later, we are moving steadily toward surpassing this target,” von der Leyen said, noting that 120 billion euros in investments have already been made and that new investments are on the way.
She highlighted that these investments will create good and sustainable employment opportunities across the continent, adding: “These investments will support local development and provide quality local job opportunities.”
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