Germany Expands Support for African Trade Corridor Projects
Germany has pledged €12.1 million to support African infrastructure projects, specifically targeting trade corridors under the AfCFTA. The funding aims to help African institutions prepare projects to be 'investment-ready' to attract further public and private financing.
Why it matters
This investment addresses the critical infrastructure gap in Africa, which is essential for the success of the African Continental Free Trade Area.
email facebook linkedin twitter Whatsapp Germany has committed new funding to help the African Union prepare regional infrastructure projects for investment as implementation of the African Continental Free Trade Area (AfCFTA) gathers pace
Nearly half of the €12.1 million package will support the development of bankable transport, energy and industrial corridor projects capable of attracting public and private financing
The funding comes as African institutions seek to close the infrastructure preparation gap that has slowed investment in cross-border trade corridors
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