EU To Raise Ebola Aid Budget To 1 Billion Euros

European Union leaders have agreed to double their financial aid directed to fight against Ebola in Africa to 1 billion Euros, CNBC Africa reported. "EU will increase financial help to 1 billion euros to fight Ebola in West Africa", the Chairman of EU Brussels Summit said on Friday via a twitter message.

There were criticisms that the 28 nations member union was not doing enough towards the fight against Ebola with the previous amount of aid pledged estimated at around 500 million euros. However, the latest developments show that the EU is now ready to show its commitment towards the fight against Ebola in West Africa.

The non-curable virus has no vaccine and has already killed thousands of people in West Africa, as the the western part of the continent continues to put measures towards prevention of spread. Mali has become the sixth nation in West Africa to report a case of Ebola as the World Health Organization (WHO) races to contain the outbreak.

This shows just how the deadly virus is spreading at an alarming rate never witnessed in the recent past. Several governments and organizations have dedicated a significant amount and effort towards containing the disease as market analysts fear that the virus could have a major impact on financial markets.