The EIB, the European Union’s long-term lending institution, will join the Sahel Alliance. The EIB’s intention to join the Sahel Alliance, an international initiative to strengthen support for challenges faced in Mauritania, Mali, Niger, Burkina Faso and Chad, was confirmed at the first General Assembly of the Sahel Alliance taking place this week in the Mauritanian capital Nouakchott.
EIB stories across Africa
Individual stories speak far louder than figures and charts.
Discover how our work improves citizens' quality of life across the continent.
With UN-Habitat, we are looking forward to welcome our partners on the 27th of February to discuss sustainable urbanisation & showcase new initiatives that support Africa’s SDGs objectives.
Follow our participation during Africa Day 2020
Women often struggle to access financing and other economic services. Gender-smart investments can make a real difference! That is why the EU and its Bank, the European Investment Bank, are committed to boosting gender-smart investments across Africa. Read more about SheInvest in our press release and discover more on our strategy on gender equality and female empowerment
This short film tells the story of an innovative mobile banking service, M-BIRR, provided by Ethiopian banks and Microfinance Institutions (MFIs), that allows locals to make financial transactions by simply using their phone. M-BIRR, which that takes its name from the birr, the country’s currency, is a fast, convenient and reliable way of sending and receiving money, paying for goods in shops or buying airline tickets, day and night, with a few clicks. This service is part of the mobile phenomenon that is transforming finances in Africa, where logistics is often difficult and people have to travel and queue long hours to access basic services.
“I think it is particularly encouraging because it combines the idea of inclusion with technology and open new markets, new possibilities for people, so this is something that revolutionises the access to the labour market and to entrepreneurial activities. This is something that Europe can learn from”, says Werner Hoyer, President of the European Investment Bank (EIB).
The EIB supports MOSS ICT, the operator behind the M-Birr platform.