4 ms·

eu has 150b investment package for africa https://ec.europa.eu/info/strategy/priorities-2019-2024/stronger-europe-world/global-gateway/eu-africa-global-gateway-

eu has 150b investment package for africa https://ec.europa.eu/info/strategy/priorities-2019-2024/stronger-europe-world/global-gateway/eu-africa-global-gateway-investment-package_en https://ec.europa.eu/info/strategy/priorities-2019-2024/stro... > The Investment Package will facilitate projects in submarine and terrestrial fibre-optic cables, as well as cloud and data infrastructures. It will also support regulatory frameworks promoting a digital transition that put people at the centre and the principles of trusted connectivity, such as data protection. > According to a brief (and somewhat detail-thin) explainer that the EU put out, the Global Gateway Investment Package will focus on infrastructure that can facilitate trade and mobility. Also included is a EurAfrica Gateway Cable – an under-sea fibre optic network that will connect sub-Saharan Africa (SSA) with Europe. Another focus is electrification – 600m Africans still lack access to electricity. https://www.ntu.edu.sg/cas/news-events/news/details/europe-promises-to-mobilise-up-to-usd170bn-in-africa https://www.ntu.edu.sg/cas/news-events/news/details/europe-p... we are building cables. But also eletricity.

DiggyJohnson 4y ago
So the question for GP would be: we’re they not aware of this investment package? Or were they aware of it and take it for granted? Or were they aware of it but consider it not enough?
- yrgulation 4y ago
  Good question - i had no clue!
- Bayart 4y ago
  We're not good at propaganda.
- arlort 4y ago
  Not GP but unless you follow EU politics specifically (as in the politics of the EU rather than of EU nations), which abysmally few do in Europe, you won't have heard of it And even if you did know it's probably not enough money anyway given the competitor for influence in that area are China and (less but growing last I checked) the US
- _visgean 4y ago
  i wasnt aware of it either but it took me about 5s to google "eu investment africa". EU does a lot of things and national media report on very little so I think it makes sense that almost no one would know about this..
4ggr0 4y ago
And will we then get to collect the profits while being able to claim that we're benevolent because we've helped, or are we actually gifting the infrastructure to them?
- _visgean 4y ago
  No idea but I think it matters very little who owns the cable, the biggest profit will come with improving the connectivity and improving the economic situation. The EU is going to be profiting from that in very indirect ways...
  - 4ggr0 4y ago
    Well, I know that it's not a 1:1 analogy, but in more extreme ways this reminds me of China owning ports and railways in Africa, or Europe owning cocoa-factories or natural resources and profiting themselves, while claiming that they're bringing jobs and prosperity to Africa.
bobberkarl 4y ago
Don't be fooled. It's all posturing. The EU loves making announcements on how they have a $ package for Africa. But they never follow through. Same for international funds. There are 8 major countries that always follow through: The US, China, UAE, Qatar, Germany, Canada, and some northern European states.

DiggyJohnson 4y ago

So the question for GP would be: we’re they not aware of this investment package? Or were they aware of it and take it for granted? Or were they aware of it but consider it not enough?

yrgulation 4y ago
Good question - i had no clue!
Bayart 4y ago
We're not good at propaganda.
arlort 4y ago
Not GP but unless you follow EU politics specifically (as in the politics of the EU rather than of EU nations), which abysmally few do in Europe, you won't have heard of it And even if you did know it's probably not enough money anyway given the competitor for influence in that area are China and (less but growing last I checked) the US
_visgean 4y ago
i wasnt aware of it either but it took me about 5s to google "eu investment africa". EU does a lot of things and national media report on very little so I think it makes sense that almost no one would know about this..

4ggr0 4y ago

And will we then get to collect the profits while being able to claim that we're benevolent because we've helped, or are we actually gifting the infrastructure to them?

_visgean 4y ago
No idea but I think it matters very little who owns the cable, the biggest profit will come with improving the connectivity and improving the economic situation. The EU is going to be profiting from that in very indirect ways...
- 4ggr0 4y ago
  Well, I know that it's not a 1:1 analogy, but in more extreme ways this reminds me of China owning ports and railways in Africa, or Europe owning cocoa-factories or natural resources and profiting themselves, while claiming that they're bringing jobs and prosperity to Africa.

bobberkarl 4y ago

Don't be fooled. It's all posturing. The EU loves making announcements on how they have a $ package for Africa. But they never follow through. Same for international funds. There are 8 major countries that always follow through: The US, China, UAE, Qatar, Germany, Canada, and some northern European states.