Italy’s Prime Minister, Giorgia Meloni, unveiled a significant initiative under the Mattei Plan for Africa during the recent G7 summit. This strategic framework, launched in 2022, aims to foster a mutual partnership between Africa and Italy through sustainable development, focusing on energy cooperation, security, stability, and cultural and scientific exchanges.
A critical milestone in this plan is the collaboration between Italy’s Cassa Depositi e Prestiti (CDP) and the African Development Bank Group. Paolo Lombardo, CDP’s Director for International Development Cooperation, emphasized the importance of this partnership, highlighting the Growth and Resilience Platform for Africa. Through this platform, up to €750 million will be mobilized to strengthen food security, local SME growth, and sustainable infrastructure, key pillars of the Mattei Plan’s vision for shared prosperity.
The African Development Bank Group plays a pivotal role in this initiative, managing Africa’s largest private equity and venture capital fund-of-funds, with over $1.36 billion committed to 74 funds supporting development across the continent.
As Italy’s National Promotional Institution, CDP drives sustainable development domestically and internationally. It focuses on enhancing economic growth, social inclusiveness, and ecological transition through investments in innovation, infrastructure, business competitiveness, and local development.
