The European Commission has welcomed the decision of EU ambassadors regarding establishing a dedicated account for the transfer of interest from taxed profits derived from frozen Russian assets. They have also announced that they are actively working on subsequent steps.
Six years after it was introduced, the Compact with Africa initiative (CwA) is having to adapt to a new geopolitical context. In this new context, supply chains are being restructured and African governments are rethinking their priorities and relationships, given the fact that they offer key solutions to current supply chain pressures in advanced economies. At the recent CwA conference in Berlin, while significant commitments in the energy sector were made, a key job-creating theme was omitted: industrialization.