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Vol 59 No 9

Published 4th May 2018

Europe banks on Africa

The European Union is weighing up whether to create a new Africa-focused development bank, according to documents seen by Africa Confidential. The EU has been promising to increase its investment in African countries in exchange for them clamping down on migration, and had hoped to offer the plan to African leaders at last November's African Union-EU summit. The new vehicle would run the EU's public-private investment projects in Africa.

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