Latest News
European Investment Bank to increase impact outside the EU
News Highlight
EIB said its financing outside the EU in the last 10 years totalled €78 billion, of which €26.6 billion went to Africa.
The Board of Directors of European Investment Bank (EIB) last month approved the Bank’s proposal to set up a development branch to increase the impact of its activities outside the European Union.
Through its development branch, the EIB plans to reorganise its activities outside the European Union and increase its presence on the ground, developing more targeted strategies and services in close cooperation with partners.
The bank said it will support developing countries to find innovative solutions to promote sustainable growth, human rights, reduce poverty and inequality, and improve lives. The EIB identified poverty, inequality, environmental degradation, and climate change as the “enormous challenges” the world faces.
EIB said its financing outside the EU in the last 10 years totalled €78 billion, of which €26.6 billion went to Africa.
Related News
-
Nigeria draws $1.5bn from Abu Dhabi loan amid rising debt-service pressures
The deal highlights the country’s mounting debt-service challenge and its strategic pivot towards unconventional, complex ...
-
IMF warns of global public debt approaching 100 percent of GDP
Country-specific responses will be critical in maintaining stability and avoiding further deterioration in public finances, said ...
-
EIB backs Africa Finance Corporation $750m climate infrastructure fund
EIB said it will invest $52.48 million in the Infrastructure Climate Resilient Fund, which is managed by AFC Capital Partners, ...
Latest Blogs
- What the fake agency scandal means for FDI in Nigeria
- Lagos flooding and the cost of weak urban resilience
- The hidden cost of convenience in our changing diets
- When women leading legal institutions will no longer be news
- At 105, China’s CPC offers Africa a lesson in ideology
Most Popular News
- Oil futures rise as Middle East truce stalls
- Airtel rolls out Africa’s first Starlink mobile service in DRC
- KudiWave raises compliance concerns over N750m transfer by PalmPay
- Jumia secures IFC investment for digital commerce expansion in Africa
- AFC raises CHF 350 million digital bond in Swiss market
- LG’s 2026 ad shows how AI-powered products ease mental load
Quick Search for Upcoming Events
Event Categories
