Luanda: The 3rd Angola-European Union (EU) Business Forum commenced on Tuesday, centering on attracting European investment to boost the development of the Lobito Corridor in sectors such as agribusiness, transport, logistics, and energy. This event marks a significant step in enhancing economic cooperation and operationalizing the Lobito Corridor, drawing together 900 participants, including government leaders, global investors, and companies from Angola, neighboring countries, and the European Union.
According to Angola Press News Agency, the forum, held under the theme "From Dialogue to Concrete Investment," underscores the importance of converting political dialogue into tangible projects and mobilizing necessary financing. It aims to contribute to sustainable and impactful connectivity along the Lobito Corridor, one of Africa's dynamic trade routes. Notably, companies from Germany, Belgium, France, and Portugal are prominently participating in the event.
The forum serves as a strategic platform for development in agriculture, agro-industry, transport, and logistics sectors. The agenda for this year's edition includes reinforcing resilient value chains, promoting regional integration, and encouraging responsible investment, aligning with Angola-EU cooperation priorities and the Global Gateway approach.
The two-day event will feature panels discussing the Lobito Corridor Master Plan - Global Gateway, trade and investment strategies, agricultural and agro-industrial production, and transport and logistics. Additional panels will explore the Blue Economy and Coastal Opportunities, financial institutions' roles in development, and agricultural markets and supply chains. The forum will also include presentations and interactive sessions with Angolan ministries concerning Lobito Corridor projects.
