Three major agreements were signed by the European Investment Bank (EIB) this week on the margins of the Africa Union-European Union Summit that will deliver benefits for people across Africa: infrastructure projects for water in Cote d'Ivoire, transport routes in Madagascar and electricity modernisation for Senegal.
News from the Summit
Ahead of the AU-EU Summit, the EU bank announced financing to support more than EUR 230 million of private sector investment across Africa. The new initiatives will enhance access to credit by smallholders and microenterprises, increase investment in health and education targeting low-income families across West Africa and promote financial inclusion of rural communities in Ethiopia, among others.
Our stories: The EU bank, a partner for Africa
Monday 27 November
EU-Africa Business Forum
- The EU-Africa Business Forum (EABF) brings together business leaders and multilateral and regional institutions to discuss ways of improving the business and investment climate between Africa and the EU. The 2017 edition of the Forum will culminate on 27 November in the margins of the 5th AU-EU Summit.
- EIB colleagues Maria Shaw-Barragan, Head of Global Partners, Heike Rüttgers, Head of Division Development and Impact Finance, and Luca Lazzaroli, Deputy Head of Operations, will take part in the discussions. For more information, visit the event website.
Tuesday 28 November
Signature ceremony of the intra-ACP funding for Boost Africa, 3.30-5.00pm
- Signature of the financing line for Boost Africa initiative, a joint effort from the African Development Bank and the European Investment Bank, supported by the European Commission and the ACP Committee.
- With Heike Rüttgers, Head of Development and Impact Finance, EIB.
Wednesday 29 November
Signature ceremony (by invitation), 11.00am
- Loan signatures mainly focused in Mali and Senegal for microenterprises.
Opening of AU-EU Summit, 2.00pm
- This is the first AU-EU Summit to be held in Sub-Saharan Africa. More than 5 300 participants are expected to attend the Summit, 83 of which are Heads of States representing both African and European countries.
- EIB President Werner Hoyer and Vice-President Ambroise Fayolle will take part in the event.