CGD’s Mikaela Gavas joins Gyude to discuss barriers to private investment in health and infrastructure projects and how a new initiative—an Accelerator Hub—could help local businesses and institutions in Africa develop financially viable proposals and connect them with investors.
CGD Policy Blogs
Through its European Investment Advisory Hub, the European Union (EU) has built solid experience in project preparation within its own borders by connecting project promoters and intermediaries with advisory partners who work directly together to help projects reach the financing stage. Building on this approach, we propose the establishment of an Accelerator Hub, which would provide targeted support to identify, prepare, and develop investment projects in Africa.
This piece was first published by Friends of Europe, please see the original article here.
The Alliance aims to deepen economic relations between the two continents by boosting private investment and trade. The Commission is billing the proposals as a “radical shift” in the EU’s approach to development cooperation in Africa that will take the relationship “to the next level.” Implicit in the sound bites is the EU’s ambition to rival the growing influence of China, whose vast programme of investment on the continent has left other donors scrambling to catch up. But is the Alliance actually anything new? And does it have the potential to reposition the EU as Africa’s leading development partner?