Skip to content
July 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • International News
  • EU launches summit reset with Africa after pandemic pause
  • International News

EU launches summit reset with Africa after pandemic pause

Admin February 17, 2022

EU

Feb. 17, 2022

The EU will welcome more than 40 African leaders to Brussels on Thursday in an effort to reassert its influence on a continent where China and Russia have made hefty investment inroads, and where many felt let down by Europe’s COVID-19 vaccines rollout.

The European Union will offer several packages of support at the summit to bolster health, education and stability in Africa, and will pledge half of a new 300 billion euro investment drive launched to rival China’s Belt and Road Initiative.

The EU’s foreign policy chief, Josep Borrell, said ahead of the two-day meeting – postponed from 2020 because of the pandemic – that the two continents were closely interlinked.

“African problems are our problems,” he told the European Parliament on Tuesday. “When we work to try to solve these problems, we work for ourselves as well.”

European and other wealthy nations were heavily criticised for hoarding protective equipment and later vaccines during the pandemic, with some leaders saying the slow pace of donations could lead to “vaccine apartheid”.

There was also dismay over Europe’s travel bans on South Africa after the Omicron variant was detected there.

THORNY ISSUES

Tensions run deeper on other issues between two continents with colonial ties and resentments, including over migration flows and the erosion of democracy in several African countries, some of which have recently seen coups d’etat.

French President Emmanuel Macron is expected to announce his intention to withdraw forces from Mali after hosting a top-level meeting on the Sahel region of Africa on Wednesday.

Ties have worsened since Mali’s military junta went back on an agreement to organise elections in February and proposed holding power until 2025.

Frank Mattheis, an expert in regional studies at the United Nations University, said the summit would seek to highlight areas where cooperation is promising and avoid thorny issues such as the EU’s relations with Ethiopia, which has cooled over the conduct of pro-government forces in the Tigray conflict.

The European Commission announced this week that the EU and the Gates Foundation would invest over 100 million euros in the next five years to help set up an African medicines regulator to boost the continent’s drugs and vaccine production.

The race to establish the African Medicines Agency (AMA) comes after the pandemic exposed the region’s dependence on imported vaccines.

Africa initially struggled to get COVID vaccines as rich countries snapped up limited supplies. Deliveries later picked up, but just 10% of Africans are fully vaccinated.

Just over 5% of medicines, and 1% of vaccines, consumed by Africa’s population of 1.2 billion people are produced locally. The EU says it will provide support to help Africa produce 60% of the vaccines it needs by 2040.

Part of the funding for the AMA will come from 150 billion euros to be mobilised for Africa over the next seven years under the EU’s Global Gateway scheme.

The initiative was launched in December to strengthen Europe’s supply chains and fighting climate change in sectors including health and energy, priorities that Mattheis said don’t necessarily align with those of African countries.

“The main objectives are set by the ambitions of the EU’s own agenda, such as diversifying its energy sources, achieving its climate goals, impeding migration and curbing the global influence of China and its Belt and Road Initiative,” he said.

REUTERS

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: AMA EU Frank Mattheis Josep Borrell

Post navigation

Previous LAGOS DEPLOYS NEWLY PROCURED ‘BLOODMOBILE’ FOR DONOR DRIVE
Next How 130 yr old Chief Imam died leaving  290 grandchildren, 200 great grandchildren behind

Related Stories

Oil rises on renewed US-Iran hostilities and threat of Red Sea closure crude oil
  • International News

Oil rises on renewed US-Iran hostilities and threat of Red Sea closure

July 17, 2026
50 migrants feared lost in Mediterranean, 10 survive after boat capsizes, security sources say Migrants
  • International News

50 migrants feared lost in Mediterranean, 10 survive after boat capsizes, security sources say

July 14, 2026
Oil jumps 4% as new military strikes threaten Hormuz shipments crude oil
  • Business & Economy
  • International News

Oil jumps 4% as new military strikes threaten Hormuz shipments

July 13, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Oil rises on renewed US-Iran hostilities and threat of Red Sea closure crude oil
  • International News

Oil rises on renewed US-Iran hostilities and threat of Red Sea closure

July 17, 2026
Akpabio and his architecture of vision, by Ken Harries
  • Commentaries

Akpabio and his architecture of vision, by Ken Harries

July 17, 2026
Troops rescue 8 people, repel attack on military location in Borno
  • National News

Troops rescue 8 people, repel attack on military location in Borno

July 17, 2026
Global energy security at risk if Strait of Hormuz does not open in weeks, IEA chief says IEA
  • Business & Economy

Global energy security at risk if Strait of Hormuz does not open in weeks, IEA chief says

July 17, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.