Italy is strengthening its economic projection in Africa, consolidating its position as one of the most active European players on the continent. Bilateral trade exceeded 58 billion euros in 2023, with energy imports - gas from Algeria and oil from Libya - taking centre stage, while Italian exports include machinery, chemical products, industrial technology and consumer goods. Although North Africa remains the epicentre of this relationship, interest is increasingly spreading to sub-Saharan Africa.
Sectoral and geographic diversification characterises Italy's presence. From steel and textile factories in Tunisia to automotive facilities in Morocco and manufacturing plants in Nigeria, Italian companies are taking advantage of the opportunities offered by the region in terms of production costs and access to new markets. Also noteworthy is the weight of the energy giant ENI, whose alliance with BP in Angola exemplifies its commitment to Africa's oil and gas potential.
However, Italy's landing is not without its challenges. The African continent has become the scene of growing global competition, with the emergence of powers such as China, the United States, India, Turkey and the United Arab Emirates. Added to this is an evolving political and regulatory framework, where reforms such as the one recently approved in Tunisia may alter investment conditions. The ability to adapt will be key for Italy to maintain its place on an increasingly contested African chessboard.
Source: bancomundial.org, idhus.org, lavozdegalicia.es | 15-06-2025