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Rome Summit Delivers Private Investment Deals and 10-Year African Debt-for-Development Plan

Participants agreed to integrate Italy’s Mattei Plan into the EU’s €150 billion Global Gateway, boosting infrastructure investments through shared funding models.

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Overview

  • The summit secured commitments to mobilize private sector funding for African infrastructure, energy, digital connectivity and agro-industrial projects.
  • Italy announced a scheme to convert about €235 million of debt from least-developed and lower-middle-income African nations into locally managed development projects over the next decade.
  • The EU’s Global Gateway will channel €150 billion in public and private investments toward Africa, aligning with the Mattei Plan’s partnership-driven approach beyond traditional aid.
  • Leaders backed flagship initiatives including the 830 km Lobito Corridor rail link connecting Angola and Zambia via the DR Congo and the Blue-Raman undersea cable linking Africa with India, Europe and the Middle East.
  • European Commission President Ursula von der Leyen stressed that combining public and private capital is key to creating tangible impacts and deepening economic integration across the continent.