The European Union has announced the launch of a $47.46 billion Africa Economic Development Fund aimed at helping Nigeria and other African countries drive economic growth and development.<\/p>\n

According to the Vice-President of EU Digital Single Market, Andrus Ansip, at a press conference in Lagos, the EU is developing a strategic framework for the implementation and disbursement of the fund. He said the EU was also designing security measures to ensure it is effectively and efficiently disbursed.<\/p>\n

He said the fund would go a long way to reduce the number of refugees arriving in Europe. In a press conference, he said disbursements from the fund would be available in first quarter 2018, providing credits to help developing economies cover identified risks to attract foreign direct investments.<\/p>\n

In the latest of a number of measures pushed by the European Union to stop refugees reaching Europe Italy launched a new fund of \u20ac200 million a week ago to help African countries control their borders.<\/p>\n

On Friday last week, EU leaders also gave their backing to a new drive to stem African migration to Europe.<\/p>\n

It includes stepping up training of Libya’s coastguard and financing for UN agencies for refugees and migration to improve conditions for refugees in Libya.<\/p>\n

Source: MFA Ethiopia<\/p>\n","protected":false},"excerpt":{"rendered":"

The European Union has announced the launch of a $47.46 billion Africa Economic Development Fund aimed at helping Nigeria and other African countries drive economic growth and development. According to the Vice-President of EU Digital Single Market, Andrus Ansip, at a press conference in Lagos, the EU is developing a strategic framework for the implementation …<\/p>\n","protected":false},"author":7,"featured_media":7462,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-7945","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-embassy-news"],"jetpack_featured_media_url":"https:\/\/ethiopianembassy.be\/wp-content\/uploads\/European-Union-Flag.jpg","_links":{"self":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/7945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7945"}],"version-history":[{"count":1,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/7945\/revisions"}],"predecessor-version":[{"id":7946,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/posts\/7945\/revisions\/7946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=\/wp\/v2\/media\/7462"}],"wp:attachment":[{"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ethiopianembassy.be\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}