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EU's Global Gateway program to mobilize over EUR 400 billion by 2027 By Investing.com
The European Union plans to invest over 400 billion euros through its Global Gateway program by 2027, targeting infrastructure development in Africa, as announced by Ursula von der Leyen in Brussels.
- European Commission President Ursula von der Leyen announced the Global Gateway program in Brussels, aiming to mobilize over 400 billion euros by 2027.
- The funding from the European Union will focus on enhancing infrastructure and connectivity in the Global South, particularly in Africa.
- The Global Gateway initiative represents the EUs strategic response to global investment needs, seeking to strengthen economic ties and promote sustainable development in emerging economies.
Why It Matters
This investment underscores the European Unions commitment to fostering economic growth and stability in Africa, addressing global inequalities, and countering the influence of other major powers in the region.