The African Union has appealed for strengthened European investment in Africa’s digital infrastructure and technology sectors, cautioning against protectionist approaches that could hinder continental development. During the opening ceremony of the 7th EU-Africa Summit in Luanda, Angola, AU Commission Chair Mahmoud Ali Youssouf emphasized that Africa requires substantial support in innovation, artificial intelligence, and digital economic transformation to compete globally.
Call for Collaborative Development
Youssouf stressed that Africa lacks sufficient financial resources to independently develop its digital economy and requires European partnership to bridge this investment gap. He pointed to massive artificial intelligence investments by both China and the United States, noting they were channeling “hundreds of billions of dollars” into AI development while Africa struggles to secure comparable funding. The AU chair argued that “developing together will certainly be more beneficial to all of us, instead of the narrow-minded positioning in terms of protectionism and also selfishness.”
European Response and Economic Relations
European Commission President Ursula von der Leyen acknowledged the increasingly challenging global environment since the previous summit in 2022 but noted that Africa-Europe relations have strengthened during this period. She highlighted Europe’s position as Africa’s largest trading partner and investor, referencing €240 billion in investments during 2023 alone, with potential for further expansion given appropriate partnership frameworks and investment climates.
Africa’s Potential and Resource Advantages
Von der Leyen emphasized Africa’s significant potential for economic growth and global influence, noting the continent possesses “60% of the world’s best solar resources” alongside substantial human capital and natural resources. She concurred that Africa has the necessary foundational elements for prosperity but requires additional capital investment to fully realize its economic potential and effectively shape the emerging global digital economy.