The Africa-EU Energy Partnership (AEEP) was launched by African and European Heads of State in 2007 at the AU-EU Summit in Lisbon, Portugal. A central partnership of the Joint Africa-EU Strategy, the AEEP is the key political platform through which both continents work together on energy. The overall aim of the AEEP is to facilitate the achievement of universal access to affordable, sustainable and modern energy services in Africa, including in rural areas, as a necessity and as a pre-requisite to generating inclusive development and jobs.
“Africa is the European Union’s natural partner and neighbour. Together we can build a more prosperous, more peaceful and more sustainable future for all.”
“Europe is one of our most important and oldest partners and we highly value the partnership we have had, in particular in energy.”
“As we know, access to electricity in African countries is very low. The AEEP can be a tool to liaise between African countries and the EU on this challenge, and Egypt can be a bridge for that.”
“One of the most important tasks of this Partnership is to promote energy access and to coordinate the different initiatives working on this challenge.”
“Peace and security have to be reached through the creation of conditions, implying also the access to energy. In this sense having the opportunity to work with the AEEP is part of a larger strategy of pursuing peace and security in Africa.”
“There is a rich synergy in the joint pursuance of energy sustainability for Africa and Europe and the AEEP is the perfect vehicle with which to do so.”
The second annual report on ‘European financial flows on SDG7 to Africa’, commissioned by the Africa-EU Energy Partnership (AEEP), shows that there is a realistic pathway towards closing the investment gap on SDG7, provided several conditions are met by key stakeholders. Under the current trajectory and growth rate of investments, SDG7 will be achieved by 2034.
The Africa-EU Energy Partnership’s second annual European Financial Flows on SDG7 to Africa report continues an investigation into European and other financial flows to Africa. The first report covered the period of 2014-2019, while this edition covers 2014-2020 and assesses the progress made towards achieving the SDG7 objective of providing access to cost-effective, dependable, sustainable, and modern energy for all.
Africa and Europe are close neighbours and strategic partners who formed a strong partnership over twenty years ago. They were quick in recognising the vital role of energy. Together, Africa and Europe put energy development cooperation on the map. Thanks to their Joint Africa-EU Strategy, the continents created the Africa-EU Energy Partnership (AEEP), a political platform fully dedicated to energy cooperation. Energy rose to the top of the political agenda, culminating in energy’s prominent place in both the global Agenda 2030 and Africa’s Agenda 2063. Both visions see energy at the heart of sustainable development as captured in Sustainable Development Goal 7.