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EU Strengthens Partnership with Angola Through ​76.5M Investment in Lobito Corridor

The European Union has reinforced its partnership with Angola by committing €76.5 million to support economic growth and regional connectivity through the Lobito Corridor. This investment, announced during the Angola-France Economic Forum in Paris, marks a significant step in fostering sustainable development and trade between Angola and the EU.

Commissioner for International Partnerships Jozef Síkela and Angolan President João Lourenço emphasized the importance of strengthening ties, particularly through the EU’s Global Gateway strategy, which aims to mobilize €300 billion in sustainable investments worldwide. This new financial package is designed to boost trade, improve vocational training, and promote environmental conservation, all while enhancing Angola’s economic diversification.

Key Components of the Assistance Package

  1. Trade and Investment (€8.5M): This initiative will improve Angola’s business environment, strengthen regulatory frameworks, and enhance market access, promoting sustainable trade and green transition.
  2. PROSPERA – Vocational Training (€43M): Aimed at bridging the skills gap in key economic sectors such as agriculture, renewable energy, and transport, this initiative will expand vocational education, create job opportunities, and promote entrepreneurship, particularly in regions connected to the Lobito Corridor.
  3. Biodiversity and Ecotourism (€25M): With a focus on restoring Angola’s natural heritage, this funding will support conservation efforts, strengthen community involvement in biodiversity protection, and position Angola as a key ecotourism destination.

Strategic Importance of the Lobito Corridor

The Lobito Corridor plays a crucial role in linking Angola with the Democratic Republic of Congo and Zambia, facilitating the trade of essential raw materials and fostering industrial growth. By investing in infrastructure and connectivity, the EU aims to enhance Angola’s economic resilience and create long-term opportunities for its people.

This collaboration, part of the broader Team Europe Initiative, underscores the EU’s commitment to sustainable economic partnerships, ensuring Angola's integration into global markets while promoting inclusive development.

For shipments to Angola, obtaining a Loading Certificate 
(CERTIFICADO DE EMBARQUE) is mandatory. 

R&C Desk can assist with the entire process, from creating the document to supporting forwarders in obtaining the final certificate in less than 72 hours. 
For further assistance, the R&C Desk website is available 24/7.


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Sources

European Union | lusa.com | verangola.net
Image by R&C Desk

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