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Baker McKenzie

uropean Union (EU)’s Global Gateway Africa-Europe Initiative to provide access to EUR 150 billion for Africa

1 min read

The FINANCIAL —  The European Commission recently announced investment funding for Africa worth EUR 150 billion as part of the European Union (EU) Global Gateway Investment Scheme. This funding is said to be in the form of EU combined member funds, member state investments and capital from investment banks. Michael Foundethakis, Baker McKenzie’s Global Head of Project and Trade & Export Finance, and Africa Steering Committee Chair, explains that the scheme is seen as a way for the EU to build influence around the world, and is considered by some to be a counter to China’s Bridge and Road Initiative…

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uropean Union (EU)’s Global Gateway Africa-Europe Initiative to provide access to EUR 150 billion for Africa

1 min read

The FINANCIAL —  The European Commission recently announced investment funding for Africa worth EUR 150 billion as part of the European Union (EU) Global Gateway Investment Scheme. This funding is said to be in the form of EU combined member funds, member state investments and capital from investment banks. Michael Foundethakis, Baker McKenzie’s Global Head…