The China Mail - Africa's 'most reliable partner' is Europe, says EU chief

USD -
AED 3.672498
AFN 65.498106
ALL 81.051571
AMD 375.859332
ANG 1.79008
AOA 916.497158
ARS 1416.446495
AUD 1.413497
AWG 1.8
AZN 1.695264
BAM 1.642701
BBD 2.007895
BDT 121.837729
BGN 1.67937
BHD 0.376981
BIF 2949.857215
BMD 1
BND 1.265076
BOB 6.903242
BRL 5.194898
BSD 0.996892
BTN 90.375901
BWP 13.137914
BYN 2.873173
BYR 19600
BZD 2.004955
CAD 1.356445
CDF 2215.000232
CHF 0.766405
CLF 0.021628
CLP 853.970006
CNY 6.9225
CNH 6.91111
COP 3673.08
CRC 494.204603
CUC 1
CUP 26.5
CVE 92.612579
CZK 20.361605
DJF 177.523938
DKK 6.275825
DOP 62.758273
DZD 129.497006
EGP 46.881699
ERN 15
ETB 155.496052
EUR 0.83996
FJD 2.192099
FKP 0.731721
GBP 0.73155
GEL 2.690096
GGP 0.731721
GHS 10.970939
GIP 0.731721
GMD 73.501083
GNF 8751.926558
GTQ 7.647373
GYD 208.567109
HKD 7.81758
HNL 26.333781
HRK 6.329797
HTG 130.732404
HUF 317.258982
IDR 16798
ILS 3.084801
IMP 0.731721
INR 90.52085
IQD 1305.980178
IRR 42125.000158
ISK 121.802706
JEP 0.731721
JMD 155.929783
JOD 0.708991
JPY 155.210977
KES 128.896279
KGS 87.450406
KHR 4020.661851
KMF 413.999932
KPW 900.003053
KRW 1462.055014
KWD 0.30709
KYD 0.830758
KZT 492.323198
LAK 21424.491853
LBP 89570.078396
LKR 308.550311
LRD 185.426737
LSL 15.97833
LTL 2.952739
LVL 0.60489
LYD 6.302705
MAD 9.117504
MDL 16.932639
MGA 4376.784814
MKD 51.774104
MMK 2100.147418
MNT 3570.525201
MOP 8.025869
MRU 39.586763
MUR 45.679579
MVR 15.459738
MWK 1728.624223
MXN 17.194145
MYR 3.923498
MZN 63.76003
NAD 15.97833
NGN 1354.939889
NIO 36.687385
NOK 9.517145
NPR 144.601881
NZD 1.654635
OMR 0.384497
PAB 0.996892
PEN 3.348144
PGK 4.337309
PHP 58.522499
PKR 278.761885
PLN 3.53947
PYG 6573.156392
QAR 3.634035
RON 4.276802
RSD 98.549011
RUB 77.251007
RWF 1455.48463
SAR 3.75074
SBD 8.054878
SCR 13.836531
SDG 601.500203
SEK 8.92498
SGD 1.26597
SHP 0.750259
SLE 24.524979
SLL 20969.499267
SOS 568.704855
SRD 37.971496
STD 20697.981008
STN 20.57786
SVC 8.723333
SYP 11059.574895
SZL 15.970939
THB 31.168005
TJS 9.336094
TMT 3.5
TND 2.879712
TOP 2.40776
TRY 43.633798
TTD 6.753738
TWD 31.523799
TZS 2586.096953
UAH 42.973963
UGX 3548.630942
UYU 38.224264
UZS 12265.141398
VES 384.79041
VND 25885
VUV 119.800563
WST 2.713692
XAF 550.946582
XAG 0.012177
XAU 0.000198
XCD 2.70255
XCG 1.796657
XDR 0.685201
XOF 550.946582
XPF 100.167141
YER 238.349504
ZAR 15.926345
ZMK 9001.203383
ZMW 18.8468
ZWL 321.999592
  • CMSC

    0.0750

    23.585

    +0.32%

  • RIO

    3.4400

    96.85

    +3.55%

  • RBGPF

    0.1000

    82.5

    +0.12%

  • SCS

    0.0200

    16.14

    +0.12%

  • NGG

    0.3300

    88.39

    +0.37%

  • BTI

    -1.6500

    61.15

    -2.7%

  • CMSD

    0.0200

    23.97

    +0.08%

  • RELX

    0.1000

    29.48

    +0.34%

  • RYCEF

    0.5300

    17.41

    +3.04%

  • VOD

    0.3700

    15.48

    +2.39%

  • JRI

    -0.1600

    12.81

    -1.25%

  • BCE

    0.5400

    25.62

    +2.11%

  • BCC

    -2.0100

    89.02

    -2.26%

  • BP

    0.2100

    39.22

    +0.54%

  • AZN

    -5.0200

    188.01

    -2.67%

  • GSK

    -1.2200

    59.01

    -2.07%

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.

P.Ho--ThChM