Monday, November 24, 2025

EU-africa summit to drive 250 billion euro investment

at the upcoming 7th african union and european union summit in luanda, angola scheduled for november 24-25 leaders from 49 africa and 27 european countries will gather to strengthen cooperation on green energy development and digital grid modernization, with a particular focus on ethiopia and the broader african continent

celebrating 25 years of the AU-EU partnership and the EU’s 50-year relationship with Ethiopia, the summit will emphasize effective multilateralism , african integration , and social justice aimed at addressing poverty and climate change. EU ambassador to the african union, javier nino-perez, highlighted the EU’s significant economic role in Africa, underscoring 250 billion euro investment share – six times larger than that of any other international partner.

Africa’s exports to the EU have grown substantially , particularly in finished goods sectors like plastics and automotive, reflecting development progress, cooperation under the EU’s global gateway initiative has enabled large-scale investments in infrastructure, clean energy, and digital transformation, including solar and wind energy projects and electric grid modernization in Ethiopia

Ambassador Sofie from Emmesberger outlined how these collaborations support Ethiopia’s transition to a green economy and digital future. the global gateway projects in Ethiopia feature Danish-backed solar and wind farms alongside efforts to strengthen and digitize the national power grid, install advanced automation, and build a cyber-secure cargo center

The summit theme, “Promoting Peace and Prosperity through Effective Mass Communication” stresses the importance of inclusive dialogue among youth, women, and civil society organizations in shaping joint actions. The EU remains Africa’s largest trading partner, accounting for 32% of African trade, and contributes 70% of the African Union’s peace and security budget, reflecting a mature and egalitarian partnership/

Educational ties are also strong, with Ethiopian students ranking among the top globally in the Erasmus Plus program. the summit is expected to culminate in the Luanda Declaration, which will serve as a benchmark for continued implementation of AU-EU commitments and set the future trajectory of this enduring alliance.

Hot this week

Production up, but the ‘cost’ variable weighs heavily

Production is up in 2021 for the Italian agricultural...

Luminos Fund’s catch-up education programs in Ethiopia recognized

The Luminos Fund has been named a top 10...

Well-planned cities essential for a resilient future in Africa concludes the World Urban Forum

The World Urban Forum (WUF) concluded today with a...

Private sector deemed key to unlocking AfCFTA potential

The private sector’s role is vital to fully unlock...

AI Journey 2025 brings together AI scientists worldwide for overall progress of humankind

By our staff reporter The three-day AI Journey conference has...

IATA and Industry Partners Call for Strengthened Global Cooperation on Aviation Climate Action

The International Air Transport Association (IATA), together with the...

AU Insists on Leading Sudan Peace Process, Coordinates with UN

The African Union Commissioner for Political Affairs, Peace and...

South Sudan Oil Production Halted after Drone Attack on Key Facility

Oil production and exports have been suspended in parts...

Somalia at Risk of Becoming a Jihadist State

Somalia is embroiled in a deepening crisis involving an...
spot_img

Related Articles

Popular Categories

spot_imgspot_img