EU’s new $354 billion investment plan to boost growth in Africa and neighbors

European Union Commission on Wednesday announced a new European External Investment Plan (EIP), which it said would boost investments in Africa and EU neighborhood countries. The EIP is part of a €315 billion investment plan for Europe, the European Fund for Strategic Investments (EFSI), which has already raised €116 billion in investments in its first year of operation and is targeted at jobs and sustainable growth, both in Europe and globally. It is particularly intended to support social and economic...
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