"European Commission President Ursula von der Leyenbegan a business summit with African leaders in the Angolan capital of Luanda on Monday. But the talks opened against the backdrop of European leaders having been occupied with a plan to end the war in Ukraine. European leaders last week raised alarm about a US plan to end the war in Ukraine that was seen as heavily favoring Moscow's demands."
"EU chief Ursula von der Leyen opened the summit by outlining three important visions that were part of a broader program called "Global Gateway," first established in 2021. The summit, officially called the European Union-African Union (EU-AU) summit, was last held in 2022 in Brussels. That was the sixth edition."
"Von der Leyen said the EU was on track in terms of achieving a target to spend 150 billion to strengthen partnerships in Africa by 2027, as part of the Global Gateway project. On Monday, she said the bloc has since "mobilized investments of over EUR 120 billion" including promotion of digital infrastructure, vibrant entrepreneurship and regional integration so companies can grow. These projects were in line with the African Union's Agenda 2063."
A business summit in Luanda brings European and African leaders together to prioritize investment and partnerships while simultaneous diplomatic efforts focus on ending the war in Ukraine. European leaders reacted with alarm to a US peace plan seen as favoring Moscow, prompting new talks in Switzerland led by German and US foreign officials to seek a plan acceptable to Ukrainians and Europeans. EU leaders continued discussions on the summit sidelines, and the EU Council President spoke with Ukrainian President Volodymyr Zelenskyy before chairing an informal meeting. The Global Gateway aims to mobilize €150 billion by 2027, with over €120 billion already mobilized for digital infrastructure, entrepreneurship, and regional integration aligned with Agenda 2063.
Read at www.dw.com
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