European Investment Bank to Invest €3.1 Billion in Africa
Written by Black Hot Fire Network Team on March 2, 2026
The European Investment Bank (EIB) committed substantial funding to various projects across Africa in 2025, focusing on key economies and smaller states. A significant portion of the investment targeted small and medium-sized enterprises (SMEs) and prioritized sectors like sustainable energy, transport, water, and health.
Project Highlights Across Sub-Saharan Africa
Flagship projects included blue economy development in Mauritania and Cabo Verde, support for Côte d’Ivoire’s cocoa sector, and investments in agriculture value chains in Sierra Leone and Guinea. In Cameroon, EIB Global improved electricity access for rural communities, expected to benefit over 1.6 million people.
Climate Resilience and Green Initiatives
Morocco received financing for new drinking water systems designed to improve climate resilience and extend access to smaller cities and rural areas. The Bank also supported post-earthquake recovery through the reconstruction of schools, hospitals, and essential infrastructure. In Egypt, EIB Global advanced the country’s green transition with a €21 million EU grant to decarbonize industry and increase recycling. Additionally, the Obelisk solar photovoltaic project, the largest solar and battery storage facility in Africa, received funding, alongside an investment in RMBV North Africa Fund III.
Strengthening Health Security
Investments in health security expanded through a guarantee agreement with MedAccess to widen access to essential medical supplies, as part of the Human Development Accelerator (HDX). The Bank also supported mRNA vaccine manufacturing in Rwanda, Senegal, and Ghana, and helped finance Angola’s first national HPV vaccination campaign.
Supporting Africa’s Investors and Entrepreneurs
Under the Boost Africa initiative, EIB Global supported the Africa Venture Finance Programme, providing training for venture capital managers. The Bank committed over €350 million to new investment funds, including vehicles run by Amethis and Ardian. Over the past four years, the EIB has helped mobilize €73 billion across the continent.
Global Gateway and Risk Reduction
EIB Global reached the European Union’s €100 billion investment mobilization target two years ahead of schedule, with three-quarters of EIB investments outside the EU supporting Global Gateway projects. The Bank is collaborating with the World Bank Group on the Global Emerging Markets Risk Database (GEMs), a shared dataset of credit risk data aimed at reducing investment risk and unlocking private capital. The EIB plans to continue prioritizing clean energy, health, water infrastructure, transport, and private-sector growth, with a focus on young people and women.
