Berliner Boersenzeitung - Africa's 'most reliable partner' is Europe, says EU chief

EUR -
AED 4.320284
AFN 74.695661
ALL 95.423777
AMD 434.198147
ANG 2.105598
AOA 1079.923359
ARS 1638.385826
AUD 1.623709
AWG 2.117498
AZN 1.995011
BAM 1.952203
BBD 2.370023
BDT 144.652863
BGN 1.962334
BHD 0.444679
BIF 3505.526187
BMD 1.176388
BND 1.489749
BOB 8.130984
BRL 5.771943
BSD 1.176727
BTN 111.33639
BWP 15.745921
BYN 3.323063
BYR 23057.195242
BZD 2.366629
CAD 1.599805
CDF 2723.337207
CHF 0.916217
CLF 0.026913
CLP 1059.207736
CNY 8.035138
CNH 8.013351
COP 4371.655982
CRC 536.908467
CUC 1.176388
CUP 31.174269
CVE 110.062211
CZK 24.336693
DJF 209.543027
DKK 7.473
DOP 70.099223
DZD 155.561424
EGP 61.881181
ERN 17.645813
ETB 183.736386
FJD 2.568644
FKP 0.866553
GBP 0.863698
GEL 3.164322
GGP 0.866553
GHS 13.238552
GIP 0.866553
GMD 85.876577
GNF 10327.926954
GTQ 8.982412
GYD 246.145432
HKD 9.217684
HNL 31.283361
HRK 7.531818
HTG 153.980767
HUF 359.295215
IDR 20405.794248
ILS 3.420988
IMP 0.866553
INR 111.142756
IQD 1541.304665
IRR 1548125.965862
ISK 143.613165
JEP 0.866553
JMD 185.409959
JOD 0.834121
JPY 183.714671
KES 152.04785
KGS 102.840378
KHR 4716.290215
KMF 494.677678
KPW 1058.752873
KRW 1701.445038
KWD 0.362257
KYD 0.980589
KZT 544.903702
LAK 25849.263006
LBP 105375.897599
LKR 376.704323
LRD 215.93123
LSL 19.181477
LTL 3.473566
LVL 0.711586
LYD 7.44834
MAD 10.804393
MDL 20.227645
MGA 4902.94551
MKD 61.522691
MMK 2469.883514
MNT 4211.055
MOP 9.497161
MRU 46.965267
MUR 55.031682
MVR 18.181029
MWK 2040.431843
MXN 20.309895
MYR 4.617331
MZN 75.174346
NAD 19.181558
NGN 1601.227994
NIO 43.300036
NOK 10.900289
NPR 178.138025
NZD 1.971637
OMR 0.452296
PAB 1.176727
PEN 4.105019
PGK 5.116573
PHP 71.462001
PKR 327.865516
PLN 4.232589
PYG 7201.73085
QAR 4.289796
RON 5.258809
RSD 117.395268
RUB 88.052219
RWF 1720.722265
SAR 4.413598
SBD 9.449048
SCR 16.218274
SDG 706.423089
SEK 10.833587
SGD 1.491779
SHP 0.878292
SLE 28.968595
SLL 24668.25343
SOS 672.458141
SRD 44.087443
STD 24348.846389
STN 24.454838
SVC 10.295986
SYP 130.818641
SZL 19.175588
THB 37.872621
TJS 10.996492
TMT 4.123238
TND 3.419001
TOP 2.832459
TRY 53.199541
TTD 7.974274
TWD 36.98503
TZS 3053.823167
UAH 51.593117
UGX 4424.828471
USD 1.176388
UYU 47.282882
UZS 14208.760045
VES 580.540132
VND 30968.401263
VUV 139.108325
WST 3.202815
XAF 654.747848
XAG 0.015343
XAU 0.000251
XCD 3.179246
XCG 2.120783
XDR 0.81927
XOF 654.750626
XPF 119.331742
YER 280.680944
ZAR 19.30199
ZMK 10588.909093
ZMW 22.269873
ZWL 378.796299
  • RYCEF

    1.0500

    17.5

    +6%

  • RELX

    -0.3600

    35.8

    -1.01%

  • BTI

    0.1810

    59.581

    +0.3%

  • NGG

    0.5500

    88.19

    +0.62%

  • CMSC

    0.0900

    22.97

    +0.39%

  • VOD

    0.3000

    16.04

    +1.87%

  • GSK

    0.5600

    50.94

    +1.1%

  • RIO

    3.7900

    104.29

    +3.63%

  • RBGPF

    0.0800

    63.18

    +0.13%

  • BCC

    2.3100

    74.44

    +3.1%

  • AZN

    3.7250

    184.965

    +2.01%

  • BCE

    0.1100

    24.21

    +0.45%

  • BP

    -1.7000

    44.8

    -3.79%

  • JRI

    0.1280

    13.168

    +0.97%

  • CMSD

    0.0850

    23.375

    +0.36%

Africa's 'most reliable partner' is Europe, says EU chief
Africa's 'most reliable partner' is Europe, says EU chief

Africa's 'most reliable partner' is Europe, says EU chief

As China and Russia court impoverished and fragile African states with offers of security or loans, EU chief Ursula von der Leyen says Europe offers the continent the "most reliable" partnership.

Text size:

In an interview with AFP ahead of a visit to Senegal, Von der Leyen said she will use the trip to unveil the first African scheme in a new investment scheme dubbed Global Gateway.

Seen as the European Union's response to China's Belt and Road strategy, Global Gateway aims to mobilise investments of up to 300 billion euros ($340bn) for public and private infrastructure around the world.

The president of the EU's powerful executive, Von der Leyen arrives in Dakar on Wednesday to prepare for a summit between the EU and African Union on February 17-18.

On Thursday, she will meet Senegalese President Macky Sall, who has recently assumed the AU presidency.

Von der Leyen responded to written questions from AFP. Her replies have been edited for length and clarity.

What can we expect from the EU-AU summit?

This summit is of crucial importance. I see it as an opportunity to strengthen a partnership that Africa and Europe need.

First of all, because we need to work more together to tackle today's challenges -- like the already very real impact of climate change or health.

But above all, we need to set our own positive agenda, one of shared prosperity and sustainable growth that directly benefits our people. This is what Global Gateway is all about.

In Dakar, I will announce the very first regional plan under Global Gateway: the Africa-Europe plan. And the summit should identify a first set of strategic interventions in infrastructure, value-chain and private-sector development, vocational training and health.

Does the summit aim to counteract Russia or China's influence?

The European Union is the most reliable and loyal partner for Africa. Every year, the EU invests 20 billion (euros) in grants in the continent, plus loans and guarantees.

(Investment options in Africa) too often have hidden costs. The financial, political, environmental and social costs are sometimes very heavy. These options often create more dependency than real links.

Global Gateway is a different proposition. It is an investment anchored in the values to which Europe is attached -- transparency, good governance, concern for the environment and the wellbeing of population.

Will the summit address the growing number of coups in Africa?

The stability of the region and the need to avoid the upheaval of political systems brought about by force are priority issues on the summit agenda.

I believe that these issues are not distractions from our objectives for the summit, but clear indicators of the need to work together to make a difference on the ground: to improve people's lives, to strengthen governance, to provide better opportunities.

Leading African figures have demanded that the EU lift coronavirus vaccine patents. Will it do so?

The lifting of patents is not a miracle solution that will rapidly develop local production capacity. It could also have significant negative consequences for financing innovation.

Voluntary licensing is the best way to ensure the necessary transfer of technology and know-how as well as intellectual property rights.

But I have listened carefully to countries that complain about the difficulty of using the existing flexibilities in the area of compulsory licensing.

That is why we have made proposals that will facilitate the use of compulsory licences [which allows for use of a patent without the permission of the patent owner].

In parallel, the EU is investing massively to increase production capacity in Africa, with more than one billion euros committed to this effort.

(L.Kaufmann--BBZ)