EIB Global and Kenya-based Family Bank team up in €100 million financing deal for country’s women and young entrepreneurs
The European Investment Bank’s development arm (EIB Global) and Kenya-based Family Bank are mobilising €100 million (14.7 billion Kenyan shillings) in financing for businesses, with a focus on women-owned/led enterprises and youth entrepreneurs in the country. EIB Global is providing a €50 million credit line to Family Bank, which will match the sum in an agreement to expand loans for Kenyan small and medium-sized enterprises (SMEs) and Mid-Caps.
Global Gateway connects communities and boosts trade with new Logone Bridge between Cameroon and Chad
Today, a major Global Gateway milestone was reached with the inauguration of the Logone bridge, linking Yagoua in Cameroon’s Far North Region and Bongor in Chad. Thanks to this new bridge over 4.7 million people in Cameroon and Chad will benefit from easier access to markets, education, healthcare, and new business opportunities.
EU and IFC announce €291 million guarantee program to finance the Global Gateway through support for private sector investments
The European Commission and IFC have signed a guarantee agreement to fund the Global Gateway and support private sector investments, job creation and economic growth across the world, with a focus on EU enlargement countries, the Eastern and Southern Neighbourhood, sub-Saharan Africa, the Asia Pacific region, and Latin America and the Caribbean.
European Union and Botswana partner on digital transformation
The European Union (EU) and the Government of Botswana are set to officially launch the Digital Transformation support programme to facilitate the transformation of Botswana into a knowledge-based economy.
MEPs approve new financial aid package for Egypt and Jordan
MEPs approved two proposals granting Jordan and Egypt loans worth €500 million and €4 billion respectively.
The macro-financial assistance (MFA) for Egypt was adopted by Parliament by 452 votes in favour, 182 against and 40 abstentions. The MFA for Jordan was passed by 571 votes in favour, 59 against and 46 abstentions.
Global Gateway to scale up energy security in Southern and Eastern Africa
Today the Zambia-Tanzania Interconnector was launched in Lusaka, Zambia, in the presence of Ministers of Energy from Zambia, Tanzania and Kenya, the EU Ambassador, the World Bank and the United Kingdom. This €268 million project of a 620 km interconnector will last five years (2025-2030) and will connect Southern and Eastern Africa’s power pools to enable cross-border energy trade, expand transmission capacity, and strengthen reliable power supply in Northern Zambia.
Global Gateway: Namibia becomes a pioneer for Africa’s green transition
Today the first zero-emissions iron production facility in Africa, the HyIron plant, was inaugurated at the Hyron Oshivela Production site in the presence of the Namibia’s new President of the Republic Netumbo Nandi-Ndaitwah, the EU Ambassador, the Ambassador of Germany and the Namibian Minister of Industries, Mines and Energy. It marks Southern Africa’s very first production of green hydrogen and the first ever production of directed reduced iron (DRI).
European Union and Ethiopia Sign Annual Action Programme 2024, Allocating EUR 240 million (32.3 Billion Birr) to Strengthen Partnership and Promote Sustainable Development
The European Union (EU) and the Federal Democratic Republic of Ethiopia have today announced the signing of the Annual Action Programme (AAP) 2024, marking a pivotal moment in the EU-Ethiopia partnership. This agreement reaffirms their mutual commitment to sustainable development, peace, and prosperity in Ethiopia.
AXIAN Telecom receives US$ 100 million investment from EIB Global for mobile broadband network expansion in Madagascar and Tanzania
The European Investment Bank (EIB Global) today announced a financing package of US$ 100 million to AXIAN Telecom to support the expansion of its mobile broadband network infrastructure across Madagascar and Tanzania. The project will expand 4G mobile broadband network infrastructure across the two countries as well as continuing the introduction of 5G coverage.
EU and Partners Visit Mwanza to Deepen Cooperation and Launch Urban Development Investments
A delegation of Heads of Cooperation from the European Union and its Member States met in Mwanza this week to reflect on ongoing EU-Tanzania cooperation and chart the path for future partnership, with a focus on sustainable urban development.
Led by Marc Stalmans, EU Head of Cooperation, the delegation included representatives from Germany, Belgium, Sweden, France, Ireland, Denmark, and the Netherlands. Their two-day retreat in Mwanza included meetings with regional authorities and visits to EU-funded projects implemented under the Team Europe approach—an initiative that brings together the European Union, its Member States, and their development agencies to deliver collective support for partner countries.