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

Michael Foundethakis, Baker McKenzie’s Global Head of Project and Trade & Export Finance, and Africa Steering Committee Chair, explains that the scheme is seen as a way for the EU to build influence around the world, and is considered by some to be a counter to China’s Bridge and Road Initiative (BRI), which began in 2013. News, Today's news. ....

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

Download logoThe European Commission recently announced investment funding for Africa worth EUR 150 billion as part of the European Union (EU) Global ....

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US announces renewed Prosper Africa trade initiative

The United States (US) announced in July 2021 that the Prosper Africa initiative, launched in 2019 under the Trump administration, would be renewed and reinvigorated to increase reciprocal trade. The renewed initiative will focus on improving trade and investment in sectors such as infrastructure, energy and climate solutions, healthcare and technology. An additional USD 80-million has reportedly been requested to support its projects. The 17 US government agencies working as part of this . ....

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Africa: US announces renewed Prosper Africa trade initiative

Virusha Subban of Baker McKenzie looks at the Biden administration’s approach to Africa and its shift away from concerns about Russia and China, towards shared interests. ....

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In 2 Decades, Sino-Africa Trade Increases 20 Fold, Doubles between 2020, 2021, Report Says

Over the last 20 years, trade between China and Africa has reportedly increased twenty-fold, and almost doubling between 2020 and ....

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