
EIB Commits $80M to African Infrastructure Fund
The European Investment Bank has pledged $80 million to the Pembani Remgro Infrastructure Fund II to support renewable energy, digital connectivity and transport projects across sub-Saharan Africa.
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The European Investment Bank has pledged $80 million to the Pembani Remgro Infrastructure Fund II to support renewable energy, digital connectivity and transport projects across sub-Saharan Africa.
The funding supports the National Digital Transition Plan to modernize public administration and enhance the digital economy.
The investment will be used to distribute induction cookers to over 1 million households in East Africa.
The EIB has inaugurated a hub in Pretoria, South Africa, aimed at boosting European investment in energy and infrastructure projects across Southern Africa.
€159 million will be allocated to the energy sector for designing and building an advanced electricity production, grid, and storage system.
The program is expected to contribute to providing the qualified graduates needed to lead Angola’s mining sector into the future.
The European Investment Bank and Compagnie Financière Africaine have partnered to boost sustainable agriculture practices in Ivory Coast and Senegal.
The EIB is providing €20 million in financing to the Banque Mauritanienne de l’Investissement to support Mauritanian small- to medium-sized enterprises.
The European Investment Bank seeks to invest in Uganda’s economy as part of the European Union’s Global Gateway initiative.
The EIB has signed a deal to provide Guinea-Bissau with technical assistance for the implementation of the Resilient Road Corridor project.