![EU launches economic development fund for Africa](https://static.euronews.com/articles/357437/400x225_357437.jpg)
Business Africa
EU launches $47b fund for Africa
The EU has a 47 billion dollar fund for Africa.
The African Economic Development Fund is to help accelerate African countries economic growth.
But most importantly,it is will help reduce the migrant numbers moving into Europe.
Go to video
South Africa: AfDB to lend $1 billion to Transnet
01:00
87 migrants rescued at sea by Doctors Without Borders
00:56
Migrant raft crashes into rocks and sinks off Turkish coast, killing 7
01:56
Land routes through Africa are twice as dangerous for migrants and refugees
01:00
Cairo hosts Egypt-EU investment conference
01:36
One year later, migrants who cheated death off Greece seek justice