Stability and predictability key to attracting long-term European investment to Africa

In advance of today’s EU-Africa Summit, Markus J. Beyrer said: “Creating a business-enabling environment is key to Africa’s growth. European companies are willing to play their role but stability and predictability are critical to attracting long-term, sustainable private investment. It is important that companies are able to participate in development initiatives in Africa, however, small and medium-sized enterprises usually have limited access to finance. This problem should be addressed through the design of instruments tailor-made to the needs of SMEs in the EU and in Africa”.