Italy Pledges $6bn To Support Africa’s Infrastructure, Job Creation, Agriculture, Others

The government of Italy has committed nearly US$6 billion (€5.5 billion) to support African development, unveiling a plan aimed at fostering economic links and creating an energy hub for Europe.

The announcement was made during a one-day Italy-Africa summit in Rome, attended by 25 African leaders, European Union officials, and key figures, including the President of the African Development Bank Group, Dr Akinwumi Adesina.

Prime Minister Georgia Meloni, who called for a new Italian partnership with Africa, emphasized the need for cooperation among equals. In her address, Meloni stated, “There is a natural inclination for Italy to be a bridge between Africa and Europe. The whole world cannot think about the future without Africa.”

The initiatives outlined by Meloni are designed to not only strengthen economic ties but also address the challenge of African emigration to Europe.

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The plan includes an initial pledge of €5.5 billion, with guarantees, and focuses on creating an energy hub for Europe while supporting Africa’s infrastructure, renewable energy, water, sanitation, agriculture, vocational training, and job creation.

African Union Commission Chairperson Moussa Faki, while welcoming the support, expressed that prior consultation with the African continent would have been desirable. However, he acknowledged that the plan aligns with Africa’s priorities.

Dr Akinwumi Adesina, during a session on economic and infrastructure cooperation, highlighted Africa’s economic trajectory and resilience. “With a population of 1.4 billion, the largest youth population in the world, and abundant natural resources, Africa will determine the future of the world,” Adesina declared.

Adesina addressed the challenge of illegal migration, stressing the importance of supporting economic growth and development in African nations to reduce fragility and build resilience. He commended Italy’s Rome Process Financing Facility, designed to provide €100 million towards supporting infrastructure in Africa, especially in renewable energy and efficiency projects.

The summit also saw calls from European leaders for a united front against people smugglers. President of the European Commission Ursula von der Leyen urged joint efforts to “crackdown on the criminals” while building alternatives to deadly smuggling routes.

The President of the European Parliament, Roberta Metsola, emphasized that “when Africa prospers, Europe prospers, and the whole world can.”

Prominent figures at the summit included African leaders, UN Deputy Secretary-General Amina Mohammed, International Monetary Fund Managing Director Kristalina Georgieva, and European Council President Charles Michel.

The initiatives unveiled by Italy signal a pivotal moment in the ongoing dialogue between Africa and Europe, paving the way for a new chapter in their relationship.