European Commission’s Robert Ridolfi gives update on the external Investment plan

The European Commission's External Investment Plan is making significant strides in encouraging investments in partner countries in Africa and the EU. The plan aims to leverage over 44 billion Euros of investments by 2020, with a strong focus on key sectors such as renewable energy, climate change, micro, small, and medium enterprises, agriculture, sustainable cities, and digital technology. CNBC Africa recently caught up with Robert Ridolfi, Director General, Sustainable Growth and Development at the European Commission, to get an update on the progress of the External Investment Plan. Ridolfi provided insights into the timeline of the plan's implementation, the sectors targeted for investment, the challenges faced, and the reactions from African governments. The interview shed light on the innovative and multi-faceted approach of the plan, which combines financial assistance, technical support, and policy advocacy to drive sustainable development and economic growth in partner countries. With the aim of creating jobs, boosting economic growth, and fostering innovation, the External Investment Plan holds immense potential for transforming the investment landscape in Africa and the EU.