The European Business Council for Africa

 

9 November 2022

From 5.00PM to 19.00PM 

Paris, France

The European Union is the leading economic partner of the African continent and the entity that makes the most commitments to Africa - often at the initiative of France.
The VIth MONTHLY CONFERENCE OF AFRICAN AMBASSADORS IN PARIS (CMAAP 6) proposes to take stock of recent progress.

It is not often said, but Europe remains by far the first partner of Africa in many fields: investment, development, trade, university, health - 450 million vaccines distributed to Africa, against only 150 million by China... contrary to some propaganda.

It is also the partner of the Continent that is most involved in the prospects for co-construction of the future.
Thus, faced with the scale of the post-Covid economic crisis, aggravated by the Russian war in Ukraine, Europe has aligned itself with the French initiative to transfer 100 billion SDRs (IMF special drawing rights) for the benefit of Africa. Equally "huge": the Global Gateway project, through which the European Union intends to mobilise 150 billion euros of investment for Africa by 2027.

In parallel, the EU is also committed to supporting the deployment of the AfCFTA (African Continental Free Trade Area), notably through a new generation of cross-border SEZs (Special Economic Zones). And after having obtained the suspension of debt servicing for Africa throughout 2021, it is now advocating for a common framework for handling debts that would also involve China, which has become the continent's largest creditor.

What is the status of all these initiatives that are intensifying the Europe-Africa relationship?

This is the theme of CMAAP 6, the VIth Conference of African Ambassadors of Paris, which will take place in free digital universal access, and in person on Wednesday 9 November from 5 to 7 pm, followed by a networking cocktail until 8 pm, at the Académie des Sciences d'Outre-mer (15, rue La Pérouse - 75 116 Paris, métro Kléber) 

 

Registration here