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The Head of the European Union Delegation to Uganda, H.E. Ambassador Attilio Pacifici delivered a key note address at the opening ceremony yesterday of the East Africa Energy Infrastructure Summit. The three day summit is geared at improving investor appetite in the sustainable energy sector in East Africa. Ambassador Pacifici opened the Summit together with Ethiopian State Minister for Energy, Honourable Frehiwot Woldehanna, and the US Ambassador to Uganda, H.E. Deborah Malac. Uganda Energy Minister Irene Muloni delivered her remarks at this morning's session.
Addressing the audience, Ambassador Pacifici presented the recently launched new and ambitious European External Investment Plan (EIP) which seeks to leverage private and public resources for sustainable development in Africa and in the EU's Neighbouring countries.
The EIP is broken down into 3 pillars:
Sustainable energy is one of five set EIP priority sectors. The sector requires ambitious policy measures as well as unlocking of private capital, in particular from institutional investors, through risk mitigation. In his speech, Ambassador Pacifici offered concrete examples of projects already in place, supported by the European Union, which will provide a fertile ground to implement the EIP in the energy sector.
See in full:
To know more about the European External Investment Plan see: https://ec.europa.eu/commission/external-investment-plan_en