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Lagos to Mombasa

Lagos to Mombasa: How Do We Accelerate EU-Africa Investment?

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.

An image of carbon dioxide smokestacks.

Germany: Five Areas for COP and G7 Climate and Development Leadership

Recent extreme weather events in the US, Canada, Europe and beyond have shown the high-income countries how vulnerable it is to climate change—a feeling that lower- and middle-income countries have known for years. Germany’s actions over the past decade on climate finance have established it as a leader with climate negotiations and commitments on climate finance at a critical moment.

A stack of one pound coins on top of a pile of various British pound notes

Will the UK Chancellor’s Accounting Be “The Tail that Wags the Dog” of UK Foreign Policy?

The new foreign secretary, Liz Truss, will meet with the chancellor in the coming weeks to determine her department’s budget over the coming three years. If the chancellor maintains his current stance on counting aid spend even where it has no fiscal cost, and also treating the aid target as a ceiling rather than a floor, it would be like the tail wagging the dog,* with the  Chancellor’s stance on the aid target (the tail in this case) directing the UK’s international approach (the much-weightier dog) instead of vice versa, as one would hope. And it could also mean the foreign secretary would have to implement a third round of cuts in UK aid in spring 2022.

An illustrated image of Europe and Africa side-by-side, with a wheel in between representing the Accelerator Hub

An Accelerator Hub to Foster Investments in Africa

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.

An image of the Brandenburg Gate in Berlin, Germany.

Change or Crumble! Germany Needs to Reposition its International Cooperation

As Angela Merkel’s 16 years at the helm of the German government come to a close, Germany’s international cooperation for sustainable development seems, at first sight, to be in good shape. During her tenure, German official development assistance (ODA) more than tripled, reaching $28 billion in 2020 and putting Germany second only to the United States ($34 billion) and well ahead of the United Kingdom ($19 billion) and the EU Institutions ($17 billion). 

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