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Home News Stock Markets

EU Seeks to Reduce Africa’s China Dependency With Funding Plan

admin by admin
October 17, 2024
in Stock Markets
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The European Union is selling its €150 billion investment plan for Africa as a way to help reduce the continent’s reliance on Chinese loans that have saddled countries with debt, a senior official said. 

Jutta Urpilainen, the bloc’s commissioner for international partnerships, said the EU has a powerful marketings message for Global Gateway program, which aims to compete with the China’s Belt and Road Initiative, which as generated…



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Tags: AfricaBelt and Road InitiativeChinese loansEU investment planGlobal Gateway program
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