Dubai – The importance of Africa‘s economic situation from the European perspective was demonstrated last November by the European Union‘s renewed push for billions of euros of investment there. With the conclusion of ten financial guarantee agreements with partner financial institutions, the European Commission has facilitated future investments of up to 10 billion euros in Africa for economic recovery from the Corona pandemic. Jutta Urpilainen, European Commissioner for International Partnerships, said: „These agreements will directly support people facing specific challenges due to Covid-19: Small business owners, the self-employed, entrepreneurs. They will also help finance a significant expansion of energy production from renewable sources.“ The November 2020 agreements complete the European Fund for Sustainable Development (EFSD), which is an important EU financial instrument to support investments in third countries. „Now our partners can use the plan‘s individual guarantees to mobilise billions of euros of much-needed investment, particularly in Africa“, Urpilainen stressed.

Dubai – A start-up is a business start-up with an innovative business idea and great growth potential. Due to high risks, financing is usually not organized through traditional banks, but through special development banks or forms of financing such as venture capital and crowdfunding. Most start-ups are active in the technology and Internet sector and are changing their entire business with their innovative strength and rapid growth. Industries with a high percentage of start-ups include Industry 4.0, the mobility sector, Internet commerce, electronics, financial technology, application software, biotechnology, new manufacturing processes and aerospace engineering.