The Global Gateway Africa-Europe Investment Package, worth EUR 150 billion, was announced at the EU-AU Summit in February 2022. The Global Gateway Strategy is Europe’s value-based offer to connect the world with investments and partnerships, tackling today’s global challenges together. This high-level panel will assess potential and opportunities for the Global Gateway in achieving joint strategic objectives in Africa, especially in the challenging international context in which we are living. We will be looking at how actors from both continents can work to ensure a resilient, autonomous and prosperous Africa.
The panel discussed key challenges facing Africa, including ensuring ample electricity and food supplies, and how to empower young people as future entrepreneurs. The need to balance investment in infrastructure with investment in people and regulation was also stressed. Panellists pointed out that for investors to have confidence in Africa, they need to be sure of a stable long-term policy environment. The audience heard that the EU-Africa Investment Package now needs to be put into action, and that success would include the implementation of projects, increased foreign direct investment and improvements in healthcare, education, skills and entrepreneurship.