HUAMBO / LONDON (IT BOLTWISE) – The Lobito Corridor in Africa offers new investment opportunities for German companies. Federal President Frank-Walter Steinmeier emphasizes the strategic importance of this infrastructure, which is intended to facilitate the export of minerals such as copper and cobalt. The project competes with China’s New Silk Road and is being driven by a European consortium.
Today’s daily deals at Amazon! ˗ˋˏ$ˎˊ˗
The Lobito Corridor in Africa represents a significant infrastructure development that could not only change the economic landscape of the region, but also open up new opportunities for German companies. During his visit to Huambo, Angola, Federal President Frank-Walter Steinmeier emphasized the strategic importance of this approximately 1,300 kilometer long railway connection. This route connects the coastal town of Lobito with the resource-rich areas in the south of the Democratic Republic of Congo and the copper belt of Zambia.
The project aims to speed up the transport of critical minerals such as copper and cobalt, facilitating the export of these raw materials and reducing Europe’s dependence on China. The European Union and the USA are investing heavily in the expansion of the old route, which can currently only be used at low speeds. These investments are part of a larger plan to challenge China’s New Silk Road.
A European consortium won the tender for the project, which creates investment opportunities for European, especially German, companies. Steinmeier encouraged German companies to participate in this strategic infrastructure project, which is of great importance not only economically but also geopolitically.
During his stay in Angola, Steinmeier also visited a demining project run by the Halo Trust organization. These projects are crucial because Angola still has tens of thousands of civil war-era mines in the ground, posing a threat to the population. Steinmeier praised the work of the deminers and emphasized Germany’s support for such projects worldwide.
Order an Amazon credit card without an annual fee with a credit limit of 2,000 euros!
Bestseller No. 1 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 2 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 3 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 4 ᵃ⤻ᶻ “KI Gadgets”
Bestseller No. 5 ᵃ⤻ᶻ “KI Gadgets”
Please send any additions and information to the editorial team by email to de-info[at]it-boltwise.de. Since we cannot rule out AI hallucinations, which rarely occur with AI-generated news and content, we ask you to contact us via email and inform us in the event of false statements or misinformation. Please don’t forget to include the article headline in the email: “Lobito Corridor: Opportunities for German companies in Africa”.