The Global Gateway Investment Package in Africa

Source: Here.

Introduction: The Global Gateway

The Global Gateway is Europe’s offer for connecting the world with investments and partnerships. Countries need an environment to create jobs, skills and better living conditions for people. Europe will provide a positive choice for countries who need that investment. It is a project which will mobilize up to 300 billion euros in investments in global infrastructure between 2021 and 2027.

The EU has a long track record as a trusted partner to deliver sustainable and high-quality projects taking into account the needs of our partner countries and ensure lasting benefits for local communities as well as the strategic interests of the European Union.

The key principles of the Global Gateway are:

  • Democratic values and high standards: the global gateway is a value based model, this means, investments in line with the rule of law, human rights and international norms;

  • Good governance and transparency: the global gateway is going to deliver transparency and sustainability of projects.

  • Equal partnerships: the global-gateway project will be developed with partners; they will meet their needs and opportunities as well as EU’s strategic interests;

  • Green and clean: global gateway is a strategy to support partner countries speed up their green transition and move to a circular economy;

  • Security focused: the global-gateway projects will be safe and resilient to natural or man-made disasters, cyber and hybrid threats;

  • Catalyze private sector: the global gateway will attract investment involving Europe’s leading industry, private sector knowledge and investment capacity.

There are 5 investment priorities:

  • Digital: the EU will support open and secure internet;

  • Climate and energy: the EU will support investments and rules paving the way to clean energy transition;

  • Transport: the EU will support all modes of green, smart and safe transport;

  • Health: the EU will help strengthen supply chains and local vaccines production;

  • Education and research: the EU will invest in high quality education with a special focus on girls and women and vulnerable groups.

EU-Africa: Global Gateway

The aims of this program are to support Africa for a strong and inclusive, green and digital recovery and transformation by:

  • Accelerating the green transition;

  • Accelerating the digital transition;

  • Accelerating sustainable growth and decent job creation;

  • Strengthening health systems;

  • Improving education and training.

Green transition

The EU works with Africa to maximize the benefits of the green transition and minimize threats to the environment in full compliance with the Paris agreement.

Across the Africa continent, massive deployment of renewable energy and clean hydrogen production would contribute to having at least 40GigaWatts of capacity by 2030. It would also help develop the renewable hydrogen sector by unlocking business opportunities in both the supply and demand side for energy intensive industries.

The investment Package will allow to increase renewable energy and hydrogen and share in the energy mix, access to affordable, reliable and sustainable energy as well as support market integration and sector reforms. Initiatives undertaken under the Investment Package will promote sustainable use of natural resources and biodiversity protection and nature-based solutions as the basis of a green recovery, including support to the protection of landscapes and ecosystems.

The investment package will support mo