European Union to invest over 150 billion euros in Africa
February 11, 2022, 4:38 am

European Union to invest over 150 billion euros in Africa

Ursula von der Leyen/Facebook page

The Xinhua reported, the president of the European Commission, Ursula von der Leyen, announced Thursday in Dakar, the European Union will invest more than 150 billion euros in Africa over the next few years as part of the first regional plan under the Global Gateway strategy.

Von der Leyen, who made the remarks at a joint press conference with Senegalese President Macky Sall, did not give any further information on the investment programme.

She noted that at the EU-African Union Summit scheduled for February 17-18 in Brussels, a first series of strategic interventions will be identified, notably through the new European strategy for investment in infrastructure projects called the Global Gateway.

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von der Layen said: "Of course we need the private sector, its expertise and strong investment, and we also need political will at the highest level."

For his part, Macky Sall stressed that given their geographical proximity, Europe and Africa have an interest in working together.

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He called for a "renewed partnership" with Africa, a guarantee of an opportunity for investment and partnerships.

Source: xinhua

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, has sponsored the BuildHer CityHack 2025 Hackathon, a two-day event spearheaded by the College of Engineering and Technology at the Royal University for Women (RUW).
Aimed at secondary school students, the event brought together a distinguished group of academic professionals and technology experts to mentor and inspire young participants.
More than 100 high school students from across the Kingdom of Bahrain took part in the hackathon, which featured an intensive programme of training workshops and hands-on sessions. These activities were tailored to enhance participants’ critical thinking, collaborative problem-solving, and team-building capabilities, while also encouraging the development of practical and sustainable solutions to contemporary challenges using modern technological tools.
BENEFIT’s Chief Executive Mr. Abdulwahed AlJanahi, commented: “Our support for this educational hackathon reflects our long-term strategic vision to nurture the talents of emerging national youth and empower the next generation of accomplished female leaders in technology. By fostering creativity and innovation, we aim to contribute meaningfully to Bahrain’s comprehensive development goals and align with the aspirations outlined in the Kingdom’s Vision 2030—an ambition in which BENEFIT plays a central role.”
Professor Riyadh Yousif Hamzah, President of the Royal University for Women, commented: “This initiative reflects our commitment to advancing women in STEM fields. We're cultivating a generation of creative, solution-driven female leaders who will drive national development. Our partnership with BENEFIT exemplifies the powerful synergy between academia and private sector in supporting educational innovation.”
Hanan Abdulla Hasan, Senior Manager, PR & Communication at BENEFIT, said: “We are honoured to collaborate with RUW in supporting this remarkable technology-focused event. It highlights our commitment to social responsibility, and our ongoing efforts to enhance the digital and innovation capabilities of young Bahraini women and foster their ability to harness technological tools in the service of a smarter, more sustainable future.”
For his part, Dr. Humam ElAgha, Acting Dean of the College of Engineering and Technology at the University, said: “BuildHer CityHack 2025 embodies our hands-on approach to education. By tackling real-world problems through creative thinking and sustainable solutions, we're preparing women to thrive in the knowledge economy – a cornerstone of the University's vision.”