Skip to content
October 26, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • Italy takes first step in flagship cooperation plan with Africa – Draft shows
  • Business & Economy

Italy takes first step in flagship cooperation plan with Africa – Draft shows

Admin November 2, 2023

November 2, 2023

A management structure including politicians and state-controlled firms will be in charge of an Italian government plan to boost energy cooperation with African countries and help curb mass illegal migration, a draft decree showed on Thursday.

The project, a flagship proposal of Prime Minister Giorgia Meloni, has been named after Enrico Mattei, founder of state-controlled oil and gas major Eni, but will lay the ground for cooperation beyond energy.

Under the draft decree, which is expected to be approved by the cabinet on Friday, Italy will help African nations in areas including education, exports, infrastructures, health and sustainable exploitation of natural resources.

Meloni previously said the project would aim to turn Italy into a major energy hub, distributing gas from North Africa and the Mediterranean to the rest of Europe, and address the root economic causes of mass migration from Africa.

“The Mattei Plan encourages the involvement of African states in the identification, definition and implementation of the Plan’s interventions,” the draft said.

Once heavily reliant on Russian gas, Italy managed to reduce such dependence since Russia’s invasion of Ukraine and now imports the fuel mostly from North Africa through several shippers including Eni, which will play a key role in helping Italy implement the Mattei plan, government officials said.

Migration is weighing on Italy’s right-wing administration. Arrivals of boat migrants have surged this year, with nearly 144,600 coming ashore against some 86,400 in the same period in 2022, severely denting an electoral pledge to block landings.

The draft said the Mattei Plan would last four years and envisage differentiated strategies for separate areas of the African continent.

The prime minister will oversee the administration in charge of the project, but representatives from state lender Cassa Depositi e Prestiti (CDP) and state-owned credit agency SACE will also be called in.

Italy, which will take over the presidency of the Group of Seven (G7) nations in 2024, pledged to make Africa a central theme while it is at the helm.

In July, it hosted a conference with Mediterranean and Middle East countries to discuss partnerships. Another summit with African nations was due in November, but the government postponed it after the Israel-Hamas war erupted.

REUTERS

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Cassa Depositi e Prestiti CDP Eni Enrico Mattei Prime Minister Giorgia Meloni

Post navigation

Previous Climate adaptation funding gap 50% higher than estimated – UN 
Next We’re still trying to come to terms with our father’s death, yet to get justice – children of late Akunyilis tell Anambra Truth Commission

Related Stories

Swiss telecom giant Sunrise cutting 358 jobs in latest reorganisation
  • Business & Economy

Swiss telecom giant Sunrise cutting 358 jobs in latest reorganisation

October 24, 2026
Lagos Butchers Seek Approval for Pilot Ranching Scheme at Oko-Oba Abattoir Amid Land Delays prevention guild
  • Business & Economy

Lagos Butchers Seek Approval for Pilot Ranching Scheme at Oko-Oba Abattoir Amid Land Delays

October 23, 2026
15 ships ​‌‌‌⁠‍‍⁠⁠‍‌​⁠‌‌‍‌‍‌​to deliver petroleum products to Lagos ports- NPA greater efficiency
  • Business & Economy

15 ships ​‌‌‌⁠‍‍⁠⁠‍‌​⁠‌‌‍‌‍‌​to deliver petroleum products to Lagos ports- NPA

October 23, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Ebola Outbreak: NCDC Tracks 53 Contacts in FCT as Confirmed Patient Recovers
  • National News

Ebola Outbreak: NCDC Tracks 53 Contacts in FCT as Confirmed Patient Recovers

October 25, 2026
Delta community mourns as WTO DG, Okonjo-Iweala, loses mother
  • National News

Delta community mourns as WTO DG, Okonjo-Iweala, loses mother

October 25, 2026
Delta EXCO approves Warri Ring Road, Ugbolu-Illah reconstruction, others
  • National News

Delta EXCO approves Warri Ring Road, Ugbolu-Illah reconstruction, others

October 25, 2026
NDLEA arrests South African woman, US-based grandma over large cocaine, loud shipments
  • Crime and Justice

NDLEA arrests South African woman, US-based grandma over large cocaine, loud shipments

October 25, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.