The fourth edition of the EU-Africa Business Summit, held in a new hybrid format, discussed the most critical economic challenges shaping the shared future of both continents by bringing influential business leaders, policymakers and experts together.
- The EU is Africa’s largest trade and investment partner, and the main supporter of the African Continental
- Free Trade Area (AfCFTA) with €72.5 million mobilised by the end of 2020. EU-27 Foreign Direct Investment (FDI) stock in Africa was
- €222 billion, compared to €42 billion from the US and €38 from China. In 2018, the EU-27 accounted for 32% of Africa’s total trade, whereas China accounted for 17% and the US 6%