cover image: Joint Report_'A prosperous and sustainable Africa and Europe'_taking stock of the implementation_en

Joint Report_'A prosperous and sustainable Africa and Europe'_taking stock of the implementation_en

11 Oct 2024

The Declaration committed to fully opera- the TEI encompasses a EUR 100 million tionalising the Africa Fertiliser Financing EU contribution to the Adaptation Fund, Mechanism in order to improve the pro- of which EUR 80 million earmarked for Af- duction, the procurement, and the distri- rica. [...] The Decla- nounced during COP27 the EU decided ration further enjoined the AUC and the to contribute to the Global Shield against AUDA-NEPAD to implement the emanat- Climate Risks (EUR 30 million) and to the ing activities with support from Develop- African Risk Capacity (EUR 10 million). [...] The EU and African producing coun- trilateral cooperation among the EU and tries are entering into strategic partner- EU Member States, the AUC and the Or- ships with the aim to support the develop- ganisation for Economic Co-operation ment of local industries for processing 20 and refining. [...] The business forum provided the opportunity to take stock of the EU-Nigeria partnership in key national priority sectors, such as the Digital Econ- omy Package (EUR 820 million EU support), climate resilient agriculture, infrastructure devel- opment as part of the Abidjan-Lagos corridor and health, with the deployment of the TEI on Manufacturing and Access to Vaccines, Medicines and Health Technol. [...] The EU and Africa continue to cooperate Economic Platform, the Annual African on the issue of access to affordable and Economic Forum was created as a multi- sustainable finance, which is indispen- stakeholder meeting that would bring to- sable for the achievement of the SDGs gether the African political leadership, the and the Paris Agreement commitments, private sector, academia and civil societ.

Authors

Catherine

Pages
34
Published in
South Africa

Table of Contents