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The EU-Africa Business Forum consults African business leaders ahead of 2017 Africa-EU Heads of State Summit

By Staff Reporter | May 5, 2017

Durban, South Africa, 3 May, 2017: The European Commission (EU), confirmed today that the EU-Africa Business Forum held a consultation with African business leaders. The EU announced its €4.1 billion External Investment Plan (EIP) ahead of the 2017 Africa-EU Heads of State Summit, at a Dialogue co-hosted by Africa investor (Ai) in Durban, South Africa on 3 May 2017.

The EIP was announced for the first time in Africa and will exist to encourage investment in Africa and to strengthen partnerships that contribute to the attainment of the Sustainable Development Goals (SDGs). The facility is expected to leverage more than €44 billion of investments between now and 2020 and it will also facilitate blended finance instruments that catalyse EU and African private sector development.

The invitation-only EU-Africa Business Forum CEO Dialogue, co-hosted with Ai, was designed to engage African and European business leaders on the EU’s commitments and initiatives to foster private sector development in Africa. The dialogue’s objectives were to; announce the External Investment Plan; initiate a consultation with the private sector on recommendations for the EU-Africa Business Forum that will take place early June in Brussels and provide critical insights that will be shared with European and African Heads of State during the Summit in Abidjan in November 2017.

The dialogue also aimed to advance a more permanent, sustainable Business Development for Africa Platform; to act as an advisory mechanism, between European and African business leaders as well as the European Union.

About Africa investor -
Africa investor is a specialist investment and communications firm advising governments, international organisations and businesses on communication strategies for capital market and foreign direct investments in Africa. Africa investor publishes Africa investor, the leading international newsstand magazine for Africa’s investment decision makers; maintains the Africa investor 40 Investors’ Index, hosts the Ai CEO Institutional Summit & Awards and the Ai CEO Infrastructure Investment Summit & Awards, among other events.

For more information on Africa investor, contact Renee’ Montez on +27 11 783 2431 or

Topics: Ai Press Office |