The African Development Bank estimates the continent’s infrastructure needs at $130–170 billion a year, with a financing gap of $68–$108 billion. In a way, the EU coming up with the global gateway is acknowledging that China got development in Africa right.”Want climate news in your inbox? The European Commission has been open about the fact its global gateway is a direct response to China’s sprawling investments strategy. China is pivoting to large-scale renewable-energy infrastructure projects in sub-Saharan Africa and considering some environmental sustainability standards. “It’s not upon the EU, China, or the US to say this what you want.

Source: The North Africa Journal December 14, 2021 15:56 UTC