High-Level Forum Africa-Europe - EIB Signs 3 Africa Projects Totalling Half a Billion Euros

OrganizationsInternational Organizations ♦ Published: December 19, 2018; 16:57 ♦ (Vindobona)

At the Africa‑Europe High‑Level Forum in Vienna the European Investment Bank formally agreed a total of EUR 495 million of new financing for three projects in ten countries to support sustainable transport, clean energy and internet access projects in North, West and East Africa.

EUR 495m support from the EIB for sustainable transport in Kairo, improving access to clean energy and connecting East Africa to global communications / Picture: © European Investment Bank / Vienna Summit 2018

The three projects, signed at the summit attended by heads of state and government from across Africa and Europe, demonstrate the Europe's technical and financial support for life-changing investment across the African continent.

The signed projects involve a total of 10 African countries, i.e. Egypt, Guinea, Mali, Liberia, Cote d'Ivoire, Kenya, Rwanda, Uganda, Zambia and the…