The European Union has significantly increased its economic influence in Africa through a €40 million investment aimed at modernizing the Douala–N’Djamena trade corridor. This crucial route, linking Cameroon’s port city of Douala and Chad’s capital, N’Djamena, is a vital economic artery for Central Africa. Koen Doens, Director General for International Partnerships at the European Commission, emphasized the investment’s role in enhancing regional integration, job creation, and stability. He also underscored the EU’s growing recognition of Africa as a key partner and investment destination.
Amid mounting tensions between African governments and Big Tech, Nigeria has demanded $290 million from Facebook over alleged data and competition law violations. Facebook has responded with threats of a market withdrawal, which could significantly impact digital access and online commerce in Africa’s most populous nation. This dispute reflects broader regional concerns about fair taxation, data protection, and promotion of local content in the digital economy, with similar efforts underway in countries such as Uganda and Kenya to regulate tech giants and increase tax revenues.
In a move to address the gender finance gap in Togo, a new credit line of 1 billion CFA Francs ($1.6 million), in collaboration with Ecobank, has been introduced to support women entrepreneurs. Despite welcoming this initiative, local businesswomen continue to face significant challenges in accessing finance. Experts caution that while the credit facility is a positive step, sustainable impact will require broader structural reforms and increased private sector involvement.
Source: http://www.africanews.com/2025/05/22/eu-invests-in-doualandjamena-corridor-as-it-shifts-from-donor-to-investor-in-africa/
