EU to invest €4.5 billion in Africa to generate jobs

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The European Union (EU) is to invest €4.5 billion of its budget in Africa to generate about 10 million jobs on the continent in about three years.

The Vice-President of the EU Commission for Jobs, Growth and Investment, Mr Jyrki Katainen, who announced this, called for the strengthening of co-operation and partnerships between the Europe and Ghana to ensure a win-win situation, as well as accelerate the economic development and prosperity of their people.

Business forum

Mr Katainen, who was speaking at the closing ceremony of the EU and Ghana Business Forum in Accra last Friday, said job creation was a key pillar for resolving unemployment challenges in Africa under the Africa-European Alliance for Sustainable Jobs launched in September last year.

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