• Home
  • News
  • Magazine
    • Current Edition
    • Previous Editions
  • Climate
  • Minerals
  • Mining
  • All About Namibia’s Extractive Sector
  • Contact
  • Menu Item
Tuesday, May 5, 2026
  • Login
The Extractor Magazine
  • Home
  • News
    • All
    • Africa
    • Biofuels
    • Climate
    • Copper
    • Exploration
    • Lithium
    • Minerals
    • Mining
    • Namibia
    • Nickel
    • Oil & Gas
    • Precious Metals
    • RIGS & VESSELS
    • Silver
    • Uranium
    Mining exports hit N$64.7bn as Namibia shifts focus to energy, oil and gas — Nandi-Ndaitwah

    Namibia says 51% free-carry mine ownership not policy

    Midas defines 211kt copper equivalent resource at Otavi, outlines open-pit potential

    Midas hits 50m at 7.9% CuEq in highest-grade Otavi intercept yet

    Sintana says Namibia drives growth as Mopane rises to 1.38bn boe

    Sintana says Namibia drives growth as Mopane rises to 1.38bn boe

    Namibia’s PEL 87 comes of age as one of most technically advanced pre-drill plays

    Pancontinental opens PEL 87 virtual data room to bidders

    Mining pays Namibia N$7.8 billion as corporate tax jumps 55%

    Mining pays Namibia N$7.8 billion as corporate tax jumps 55%

    Chamber of Mines to engage Govt after Namibia shed 3 points in Fraser Institute mining survey

    Namibia can unlock 18 000 mining jobs and billions if policy bottlenecks are cleared – Malango

    Uis Tin Mine: The world’s largest undeveloped open-cast hard rock tin deposit

    Andrada delays £7.7m loan repayment to fund Uis mine expansion

    Connected Minerals completes maiden RC drilling at Etango North-East, moves rig to Swakopmund Uranium Project

    Connected pauses work on its Namibian uranium assets as cash falls to A$2.8m

    Bannerman targets Etango FID after mid-2026 Chinese-backed deal completion

    Bannerman targets Etango FID after mid-2026 Chinese-backed deal completion

    Midas defines 211kt copper equivalent resource at Otavi, outlines open-pit potential

    Midas declares maiden 10.5Mt at 1.6% copper and 21g/t silver resource at Otavi projects

    Trending Tags

  • Magazine
    • Current Edition
    • Previous Editions
  • Climate
  • Minerals
  • Mining
  • All About Namibia’s Extractive Sector
  • Contact
  • Menu Item
No Result
View All Result
The Extractor Magazine
No Result
View All Result
Home Magazine

EU Commits €133.5m to boost Lobito Corridor

by Editor
October 24, 2025
in Magazine
0
EU Commits €133.5m to boost Lobito Corridor
560
SHARES
1.6k
VIEWS
Share on FacebookShare on Twitter

The European Union has pledged €133.5 million in grants to support Angola’s economic diversification and infrastructure development, with a strong focus on the Lobito Corridor—a strategic trade route linking Angola to the Democratic Republic of Congo and Zambia.

Announced through the Global Gateway strategy, this year’s commitments include €57 million in new grants and an earlier package of €76.5 million unveiled in January 2025.

The funds will help strengthen agricultural value chains, logistics, and trade efficiency along the corridor, reinforcing Angola’s ambitions to become a regional transport and export hub.

At the 2025 Global Gateway Forum, European Commission President Ursula von der Leyen met with Angolan President João Lourenço, reaffirming Europe’s long-term commitment to Angola’s sustainable growth, job creation, and regional integration.

The talks also underscored Angola’s growing diplomatic influence as chair of the African Union and upcoming host of the EU–AU Summit in Luanda.

Under the initiative, €50 million will go toward improving agricultural production and market access, particularly for smallholder farmers, while an additional €8 million—including €7 million from the EU and €1 million from the Netherlands—will fund the “From Transport to Trade: Lobito Corridor Catalyst” project. This will establish the Caala Logistics Platform, a modern facility designed to streamline storage, handling, and transport along the railway corridor.

These investments form part of a wider €2 billion Team Europe package for the Lobito Corridor across Angola, Zambia, and the DRC, positioning the route as a key driver of intra-African trade and regional industrialisation.

President Lourenço welcomed the EU’s support, calling the corridor “a bridge between nations and a pathway to shared prosperity.”

Through Global Gateway, the EU aims to mobilise up to €300 billion in sustainable investments worldwide by 2027, focusing on clean transport, digital infrastructure, and renewable energy.

The Angola package marks one of the most significant European investments in southern Africa under the initiative, reflecting a deepening partnership centred on sustainable growth and mutual benefit.

Share224Tweet140
Editor

Editor

  • Trending
  • Comments
  • Latest
Private company led by John Sisay to revive Tschudi, Otjihase, Matchless and Berg Aukas mines  

Private company led by John Sisay to revive Tschudi, Otjihase, Matchless and Berg Aukas mines  

February 6, 2024
ReconAfrica to drill first well in the Damara Fold Belt after raising N$238m

ReconAfrica to drill first well in the Damara Fold Belt after raising N$238m

April 3, 2024
Gratomic targets 12,000t of vein graphite from Aukam mine this year

Gratomic targets 12,000t of vein graphite from Aukam mine this year

February 3, 2024
Askari Metals puts hopes on Kestrel Pegmatite within the Uis Lithium Project

Askari Metals puts hopes on Kestrel Pegmatite within the Uis Lithium Project

3
Namibia holds 26 million ounces of silver

Namibia holds 26 million ounces of silver

3
2024 HOPEFULS: Langer Heinrich’s return after five years

2024 HOPEFULS: Langer Heinrich’s return after five years

2
Mining exports hit N$64.7bn as Namibia shifts focus to energy, oil and gas — Nandi-Ndaitwah

Namibia says 51% free-carry mine ownership not policy

May 4, 2026
Midas defines 211kt copper equivalent resource at Otavi, outlines open-pit potential

Midas hits 50m at 7.9% CuEq in highest-grade Otavi intercept yet

May 4, 2026
Sintana says Namibia drives growth as Mopane rises to 1.38bn boe

Sintana says Namibia drives growth as Mopane rises to 1.38bn boe

April 30, 2026
  • Home
  • News
  • Magazine
  • Climate
  • Minerals
  • Mining
  • All About Namibia’s Extractive Sector
  • Contact
  • Menu Item

Copyright © 2023 The Extractor Magazine. | Powered by: Impeccable Tech & Designs

No Result
View All Result
  • Home
  • News
  • Magazine
    • Current Edition
    • Previous Editions
  • Climate
  • Minerals
  • Mining
  • All About Namibia’s Extractive Sector
  • Contact
  • Menu Item

Copyright © 2023 The Extractor Magazine. | Powered by: Impeccable Tech & Designs

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In