What can we do better in Africa?
The European Investment Bank is working more closely with African partners to accelerate climate action investment. EIB Global, the EU bank’s arm for operations outside the European Union, is intensifying its work by adding more experts in Africa, developing more partnerships in public and private sectors, and increasing work on the ground in countries that need the most help. Our climate surveys help us understand more clearly how these investments impact daily lives, and they are guiding our future initiatives.
The European Investment Bank has been working with African countries for nearly six decades. Our financing has provided access to clean energy for hundreds of millions of people in Africa. We improved water in many parts of the continent. We built flood protection in Burkina Faso, solar energy in Zambia, wind power and geothermal projects in Kenya, hydropower in Liberia Ghana and Madagascar, solar power in Benin for households and micro-entrepreneurs.
The Bank has invested around €60 billion in 52 African countries, supporting infrastructure projects, innovative firms and renewable energy, in the public sector and private companies, from microenterprises to the largest multinationals. We do this work because we are one of the biggest climate banks in the world, and because we want to help our neighbours and meet the greatest challenge on this planet.