EU Funds Lobito Corridor Trade Route

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The European Union committed $130 million to the Lobito Corridor to strengthen trade links between Zambia, Angola, and the Democratic Republic of Congo. The project will upgrade rail, road, and logistics infrastructure to speed mineral and non-mineral exports to global markets via Angola’s port of Lobito. Officials say the corridor will cut transport costs, ease bottlenecks, and support regional integration and economic diversification.