 European Commission President Oslo von der Leyen has announced 150 billion euros will be invested in Africa as part of a scheme aimed at boosting global recovery as an alternative to China's Belt and Road Initiative. The European Commission has earmarked over 150 billion euros for Africa, its president announced on Thursday. Speaking in Senegal, Oslo von der Leyen said the investments will be made under the Global Gateway Strategy, a scheme launched as an alternative to China's Belt and Road Initiative. Global Gateway is about investing in infrastructure, in strategic infrastructure, in industry infrastructure, but also in health, youth, education. Africa's allocation accounts for more than half of the 300 billion euro fund, which was launched in December. Global Gateway aims to strengthen Europe's supply chains and fight climate change in sectors including health, energy and transport. It also comes as many European states are seeking to reduce illegal migration from Africa, which is driven in part by poverty and joblessness. von der Leyen made the announcement alongside Senegal's president, Maki Saal. He's the current chairman of the African Union, which will hold a summit with the European Union next week.