EU’s Answer to China’s BRI Takes Shape in Africa
The European Union unveiled a $776 million infrastructure financing package for Africa on Tuesday as part of its Global Gateway initiative that is aimed at challenging China’s growing influence in developing regions. European Commission President Ursula von der Leyen announced the new program during talks with the visiting Chairperson of the African Union Commission, Moussa Faki. The new funding will finance investments in transportation, digitization, and energy connectivity under the auspices of the Global Gateway. Get a daily email packed with the latest China-Africa news and analysis. Read exclusive insights on the key trends shaping China-Africa relations. Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South. China, Africa and the Global South... find out what’s happening. Subscribe today for unlimited access. Monthly $15/mo OR Yearly $149/yr (17% Savings) Already a subscriber?...