Mr. Roberto Ridolfi, Director for Sustainable Growth and Development at the European Commission today presented the Renewable Energy Investments Opportunities in Africa
and European External Investment Plan in Addis Ababa. The presentation was made to the African Union Commissioners, the EU and African Ambassadors based in Addis Ababa, Ethiopia.
The presentation, elaborated the EU's plans to further boost investment to support jobs and sustainable growth, both in Europe and globally. The European External Investment plan proposes
- to extend its successful European Fund for Strategic Investments, at the heart of its
Investment Plan for Europe and globally
- to set up a new European External Investment Plan (EIP) to encourage investment in Africa
and the EU Neighbourhood to strengthen our partnerships and contribute to achieve the Sustainable Development Goals.
Since November 2014, the Commission has mobilised significant EU financial resources in an
innovative way that maximises the impact of public funds and mobilises private investment.
Sustainable investment, in particular in infrastructure and small and medium-sized companies, has been at the centre of its political action, notably through a more efficient use of the limited resources of the EU budget, accompanied by measures improving the general business environment. Outside the EU, this new approach will also be useful to address the multiple challenges both in the EU Neighbourhood and in Africa.
Mr. Roberto Ridolfi's presentation was followed by more discussion and bilateral meetings at the African Union Commission.