{
  "id": 6707871,
  "title": "Nigeria, other African countries get €108m investment from EIB",
  "url": "https://urgent.news/2026/09/11/nigeria-other-african-countries-get-108m-investment-from-eib",
  "topic": "world",
  "section": "World",
  "published": "2026-09-11T04:17:34.000Z",
  "source": {
    "name": "Daily Trust",
    "slug": "daily-trust",
    "url": "https://dailytrust.com/nigeria-other-african-countries-get-e108m-investment-from-eib/"
  },
  "original_language": "en",
  "account": "Over the last decade, the European Investment Bank's (EIB) Boost Africa scheme has allocated €108 million to Nigeria and various African nations. European Union Ambassador to Nigeria and ECOWAS, Gautier Mignot, revealed this information during a recent media briefing in Abuja. Mignot further disclosed that the initiative has attracted approximately €400 million in additional funding and contributed to the creation of around 15,000 jobs across sub-Saharan Africa. This program aims not only to provide capital but also to enhance the overall business ecosystem, enabling startups and established companies to thrive, grow, and compete effectively. Mignot emphasized that Africa's youthful entrepreneurs are a significant asset, asserting that innovative businesses can generate employment, bolster local value chains, and foster sustainable economic prospects. He underscored Nigeria's status as one of Africa's most dynamic entrepreneurial environments, highlighting the crucial role of supporting innovation and entrepreneurship for enduring economic expansion and job generation. Moussa Nkoulima, the EIB Country Relationship Manager for Nigeria, elaborated on the initiative as a blend of financial resources, technical support, and ecosystem development. Nkoulima explained that the Boost Africa scheme, launched in 2016 by the EIB and the African Development Bank with EU and Organisation of African, Caribbean and Pacific States (OACPS) backing, was established to tackle the scarcity of early-stage funding for African entrepreneurs. He revealed that the EIB has collaborated with six venture capital funds under this initiative, and the €108 million investment facilitated the attraction of an extra €400 million from other investors.",
  "summary": "Nigeria and other African countries have benefited from €108 million invested through the European Investment Bank’s (EIB) Boost Africa initiative over the past 10 years. European Union Ambassador to Nigeria and ECOWAS, Gautier Mignot, disclosed this on Wednesday at a media briefing in Abuja. According to Mignot, the initiative has also attracted nearly €400 million […]",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "MyJoyOnline Ghana",
        "title": "Ghana among 9 African countries where average incomes have more than doubled since 1990",
        "url": "https://urgent.news/2026/09/11/ghana-among-9-african-countries-where-average-incomes-have-more-than",
        "published": "2026-09-11T08:26:11.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}