{"id":543677,"date":"2022-02-13T04:04:51","date_gmt":"2022-02-13T04:04:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/we-could-see-a-slice-of-the-eus-new-investment-plan-for-africa-ebrd-signs-off-new-egypt-country-strategy\/"},"modified":"2022-02-13T04:04:51","modified_gmt":"2022-02-13T04:04:51","slug":"we-could-see-a-slice-of-the-eus-new-investment-plan-for-africa-ebrd-signs-off-new-egypt-country-strategy","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/we-could-see-a-slice-of-the-eus-new-investment-plan-for-africa-ebrd-signs-off-new-egypt-country-strategy\/","title":{"rendered":"We could see a slice of the EU\u2019s new investment plan for Africa + EBRD signs off new Egypt country strategy"},"content":{"rendered":"

<\/a> EU drafts EUR 20 bn investment plan in Africa \u2014 and some of it could head <\/strong>our way: <\/strong>The European Union (EU) is drafting a EUR 20 bn financing package to support African infrastructure projects in a bid to rival China\u2019s reach in the continent, Bloomberg<\/a> reports. The plan includes \u201cinvestments in strategic corridors, international submarine cables, new energy interconnections and investments in renewable sources\u201d in Egypt, Senegal, Cote d\u2019Ivoire, Morocco and Kenya, according to a draft seen by Bloomberg. Most of the funds are directed towards the Global Gateway<\/a>, Europe\u2019s answer to China\u2019s Belt and Road infrastructure initiative. This comes as the bloc looks to strengthen ties with the continent at the European Union-African Union summit<\/a> happening later this week.<\/p>\n

In other funding news from Europe: The EBRD has signed off on its new Egypt<\/strong> country strategy. <\/strong>The European Bank for Reconstruction and Development\u2019s (EBRD) board last week approved its 2022-2027 Egypt country strategy<\/a>, International Cooperation Minister Rania Al Mashat said in a statement<\/a>. The five-year strategy is set to see the EBRD provide support for Egypt\u2019s economic growth, our shift toward a green economy<\/a>, and increased private sector participation. No details have yet been announced on the type and value of EBRD activity in Egypt under the strategy.<\/p>\n

EBRD is a top foreign investor in Egypt, having deployed more than EUR 8.7 billion in 145 projects<\/strong> (76% in the private sector) since it started operating here a decade ago.<\/p>\n","protected":false},"excerpt":{"rendered":"

EU drafts EUR 20 bn investment plan in Africa \u2014 and some of it could head our way: The European Union (EU) is drafting a EUR 20 bn financing package to support African infrastructure projects in a bid to rival China\u2019s reach in the continent, Bloomberg reports. The plan includes \u201cinvestments in strategic corridors, international […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7209],"tags":[111,72,246,895,371,896,195,132],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-543677","post","type-post","status-publish","format-standard","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-enterpriseam","tag-green-economy","tag-marakez","tag-oil-ministry","tag-tabreed","tag-tarek-el-molla","tag-trade","wpautop","entry"],"acf":{"mongo_id":"e7d802ba-6991-4e24-bfc0-2cd2f6f9ef87","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[543653],"teaser":"","voice_url":""},"yoast_head":"\nWe could see a slice of the EU\u2019s new investment plan for Africa + EBRD signs off new Egypt country strategy - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2022\/02\/13\/we-could-see-a-slice-of-the-eus-new-investment-plan-for-africa-ebrd-signs-off-new-egypt-country-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"We could see a slice of the EU\u2019s new investment plan for Africa + EBRD signs off new Egypt country strategy\" \/>\n<meta property=\"og:description\" content=\"EU drafts EUR 20 bn investment plan in Africa \u2014 and some of it could head our way: The European Union (EU) is drafting a EUR 20 bn financing package to support African infrastructure projects in a bid to rival China\u2019s reach in the continent, Bloomberg reports. 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