{"id":7142,"date":"2023-10-28T18:30:09","date_gmt":"2023-10-28T18:30:09","guid":{"rendered":"https:\/\/gbc1.net\/?p=7142"},"modified":"2024-03-21T15:52:35","modified_gmt":"2024-03-21T15:52:35","slug":"african-takeaways-from-global-gateway-forum-2023","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2023\/10\/28\/african-takeaways-from-global-gateway-forum-2023\/","title":{"rendered":"African Takeaways from Global Gateway Forum 2023"},"content":{"rendered":"\n

The 1st Global Gateway Forum (#GGF2023<\/a>) in Brussels was the perfect occasion to take stock of the progress of the program. In terms of attendance, the first edition of the GGF managed to attract 16 Heads of State or Government as well as representatives from international organizations such as the WTO, WHO, WB, EIB and AfDB.<\/p>\n\n\n

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EU and DRC Sign Agreement on #CriticalMinerals<\/a> at GGF2023<\/figcaption><\/figure><\/div>\n\n\n

Announced in 2021, the GG is the response of the EU to rival China’s #BRI<\/a>. According to the statements released during the Forum, the #GlobalGateway<\/a> (#GG<\/a>) has managed to mobilize EUR 66 billion so far, compared to the USD 1 trillion of BRI. However, BRI already has a 10-year history while GG is only two years old.<\/p>\n\n\n\n

During the two-day forum from 25-26 October 2023, deals worth EUR 3 billion were signed. EC President Ursula von der Leyen defended the GG by stressing that the EU is going for quality rather than quantity and the ‘amount is sufficient to make a difference.’<\/p>\n\n\n

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EU and Rwanda Sign Agreements at GGF2023<\/figcaption><\/figure><\/div>\n\n\n

Among the contracts signed, we noted the following involving Africa:<\/p>\n\n\n\n

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  • \u20ac1B fund with FinnFund to promote #digitalization<\/a> in Africa<\/li>\n\n\n\n
  • \u20ac500M for Health Resilience<\/li>\n\n\n\n
  • \u20ac250M as initial funding on the #LobitoCorridor<\/a> to secure access to #CriticalMinerals<\/a><\/li>\n\n\n\n
  • \u20ac246M for Greener and Sustainable Cabo Verde Program<\/li>\n\n\n\n
  • \u20ac146M for Kakono Hydropower Plant in Tanzania<\/li>\n\n\n\n
  • \u20ac134M for six African countries to promote local pharma production and vacinne equity <\/li>\n\n\n\n
  • \u20ac100M from KfW to support issue of Local Currency Bonds in Africa with the target to raise nearly \u20ac1B<\/li>\n\n\n\n
  • \u20ac89.5M for Action Plan in Somalia to promote economic development and social inclusion<\/li>\n\n\n\n
  • \u20ac72M for Action Plan in Kenya to enhance cybersecurity, renewable energy, good governance and human development<\/li>\n\n\n\n
  • \u20ac50M for Early-Childhood Development Program in Rwanda<\/li>\n\n\n\n
  • \u20ac46M for a Regional Facility for Teachers in Africa<\/li>\n\n\n\n
  • \u20ac20.4M for Green and Blue Pact with Comoros<\/li>\n<\/ul>\n\n\n
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    Regional Facility for Teachers in Africa<\/figcaption><\/figure><\/div>\n\n\n

    The EU has partnered with the Gates Foundation to promote local production of medicines and vaccines. In particular, the plan is to apply the new #mRNA<\/a> vaccine technologies to other diseases that are common in Africa such as malaria, tuberculosis and HIV-AIDS. The six African countries selected in this batch to receive funding under the EU #GlobalHeath<\/a> program are:<\/p>\n\n\n\n

    NO.<\/strong><\/td>COUNTRY<\/strong><\/td>AMOUNT <\/strong>
    M\u20ac<\/strong><\/td><\/tr>
    1<\/td>Rwanda<\/td>40<\/td><\/tr>
    2<\/td>Ghana<\/td>32<\/td><\/tr>
    3<\/td>Senegal<\/td>25<\/td><\/tr>
    4<\/td>Nigeria<\/td>18<\/td><\/tr>
    5<\/td>South Africa<\/td>16<\/td><\/tr>
    6<\/td>Egypt<\/td>3<\/td><\/tr>
    <\/td>TOTAL<\/strong><\/td>134<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

    <\/p>\n\n\n\n

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