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Reuters
Reuters
Business
John Chalmers and Philip Blenkinsop

EU launches reset with Africa after pandemic disruption

European Commission President Ursula von der Leyen and Egyptian President Abdel Fattah el-Sisi arrive at the EU headquarters in Brussels, Belgium, February 17, 2022. Francois Walschaerts/Pool via REUTERS

The EU welcomed more than 40 African leaders to Brussels on Thursday in an effort to reassert its influence on a continent where China and Russia have made hefty investment inroads, and where many felt let down by Europe's COVID-19 vaccines rollout.

The European Union will offer several packages of support at the summit to bolster health, education and stability in Africa, and will pledge half of a new 300 billion euro ($340.9 billion)investment drive launched to rival China's Belt and Road Initiative.

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