By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: Italy PM Meloni Pledges New Partnership With Africa, Funds Limited
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Business > Italy PM Meloni Pledges New Partnership With Africa, Funds Limited
Business

Italy PM Meloni Pledges New Partnership With Africa, Funds Limited

hallanaija
Last updated: January 30, 2024 12:35 pm
hallanaija 1 year ago
Share
Italy's Prime Minister Giorgia Meloni meets with President of Kenya William Ruto inside the Madama Palace (Senate) as Italy hosts the Italy-Africa summit in Rome, Italy January 29, 2024.
SHARE

Italy’s Prime Minister Giorgia Meloni hailed a new partnership with Africa on Monday, unveiling a long-awaited plan aimed at boosting economic ties, creating an energy hub for Europe and curbing immigration.

Hosting a one-day summit attended by more than two dozen African leaders and European Union officials, Meloni outlined a series of initiatives, pledging an initial $5.95 billion, including state guarantees.

Meloni said the summit had been a success that had produced many areas of potential cooperation, particularly with regards to energy.

“We are only at the beginning, there is a very long road ahead of us. This day is a restart,” she said in her closing remarks.

However, there was a note of discord from some of those present, with African Union Commission Chairman Moussa Faki Mahamat saying he wished Africa had been consulted first on priorities and emphasising the need to honour commitments.

“I want to insist here on the need to move from words to actions. You can well understand that we can no longer be satisfied with mere promises that are often not kept,” he said, standing alongside Meloni in Italy’s ornate Senate.

READ MORE  KRA lays ground for fresh clampdown on tax reliefs

In a news conference after the summit, Meloni acknowledged that it was important now to ensure that work began to deliver projects that would make a difference on the ground.

Among the African leaders present were the presidents of Tunisia, Senegal, Kenya, the Republic of Congo and Somalia. In all, 45 African states were represented at various levels.

Critics have said that heavily indebted Italy cannot hope to compete with the likes of China, Russia and Gulf states, that are all looking to boost their presence in Africa, which is home to many of the world’s natural resources.

While Rome claims ownership of the plan, which it has named after the late Enrico Mattei, who founded state oil company Eni, Meloni said her government would look to help from the private sector and international bodies such as the European Union.

Energy needs

Meloni has made the Mattei plan a central plank of her foreign policy since taking office in late 2022.

Energy needs lie at the heart of the initiative, with Rome looking to serve as a gateway into European markets for natural gas from Africa that has become vital after Russia’s invasion of Ukraine made diversification of supplies a priority for the EU.

READ MORE  Nairobi satellite towns making a fortune for property investors

Eni, Italy’s largest importer of natural gas, has already countered lower Russian supplies by shipping increased volumes from Africa, where it has had a presence for decades.

The company has said Algeria, Egypt and Libya will be Italy’s main gas suppliers for the next few years.

But Meloni also said Europe had to bolster industry and agriculture in Africa to strengthen local economies as a way of persuading disaffected young Africans from migrating north.

Some 157,600 boat migrants reached Italy last year, the largest number since 2016, undermining Meloni’s electoral pledge to halt the flow of unauthorised arrivals.

Most departed from North African countries such as Tunisia and Libya, many fleeing poverty and conflict in Sub-Saharan Africa and the Middle East.

“Mass immigration will never be stopped, human traffickers will never be defeated if we do not address the many causes that push a person to leave their home,” Meloni told the summit. “This is exactly what we intend to do.”

You Might Also Like

KRA disputes a tax loss of Sh64 billion due to a misrepresentation of crude palm oil.

Following budget cuts, the state is asked to allocate resources appropriately.

Jubilee AGM okays Sh869.6m dividend pay

Tullow Oil to know fate of Turkana project by Sept

Safaricom unveils Sh100,000 interest-free M-Pesa loans

Share This Article
Facebook Twitter Email Print
Previous Article Juba Refutes Claims Of Fuel Delivery To Sudan Warring RSF
Next Article UK Deports Triton Oil Scam Fugitive To Kenya, Ending 16-Year Run
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • Kevin De Bruyne’s Next Move: Potential Destinations After Leaving Manchester City
  • Interior PS RAYMOND OMOLLO’s brother assaulted MP CHARLES WERE at Kisumu Airport as details emerge that the powerful PS is also being probed in connection with the murder
  • 100% English final in the Europa League: Manchester United will challenge Tottenham!
  • He had threatened him before murder – Details emerge as a senior Government official is arrested in connection with the murder of Kasipul MP CHARLES ONG’ONDO WERE
  • President Trump reacts after election of first U.S.-born pope in history

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?