28 January 2024. On the sidelines of the Italy-Africa Summit, the European Commission (EC) and the African Development Bank Group have formalised a new Financial Framework Partnership Agreement to boost investments in infrastructure projects in Africa.
This agreement will enable a series of investments in Sub-Saharan Africa in strategic transport corridors, in energy and digital connectivity. One of the main joint projects is the development of the “Lobito Corridor”, an innovative transport corridor that will enhance export possibilities for Zambia, Angola and the Democratic Republic of Congo, to boost the circulation of goods and to promote the mobility of citizens.
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COP28: EU announced over €20 billion for Team Europe Initiative on Africa-EU Green Energy Initiative
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