Berliner Boersenzeitung - EU, Africa talks hone in on closer ties in Angola

EUR -
AED 4.358686
AFN 77.145243
ALL 96.636973
AMD 452.900547
ANG 2.124546
AOA 1088.336435
ARS 1725.464149
AUD 1.707235
AWG 2.139287
AZN 2.013799
BAM 1.955354
BBD 2.406161
BDT 145.986713
BGN 1.993151
BHD 0.450405
BIF 3539.352612
BMD 1.186844
BND 1.512981
BOB 8.255118
BRL 6.245411
BSD 1.194492
BTN 109.70591
BWP 15.629658
BYN 3.402638
BYR 23262.149846
BZD 2.402662
CAD 1.618648
CDF 2688.202567
CHF 0.917039
CLF 0.026071
CLP 1029.433075
CNY 8.250645
CNH 8.248248
COP 4355.422163
CRC 591.57508
CUC 1.186844
CUP 31.451376
CVE 110.240328
CZK 24.360569
DJF 212.73239
DKK 7.467503
DOP 75.214117
DZD 154.438388
EGP 55.90725
ERN 17.802666
ETB 185.585211
FJD 2.616576
FKP 0.866911
GBP 0.867168
GEL 3.19856
GGP 0.866911
GHS 13.087071
GIP 0.866911
GMD 86.639448
GNF 10482.786402
GTQ 9.162988
GYD 249.935117
HKD 9.268638
HNL 31.532341
HRK 7.53326
HTG 156.346985
HUF 381.685626
IDR 19929.431485
ILS 3.66783
IMP 0.866911
INR 109.139241
IQD 1565.043144
IRR 49995.819691
ISK 144.996819
JEP 0.866911
JMD 187.210468
JOD 0.841466
JPY 184.045735
KES 154.23072
KGS 103.78971
KHR 4803.985566
KMF 492.540492
KPW 1068.159944
KRW 1728.763412
KWD 0.364266
KYD 0.995565
KZT 600.827939
LAK 25709.354463
LBP 106980.457386
LKR 369.447316
LRD 215.332715
LSL 18.968635
LTL 3.504443
LVL 0.71791
LYD 7.496322
MAD 10.836529
MDL 20.093588
MGA 5338.805156
MKD 61.625948
MMK 2492.763063
MNT 4232.739691
MOP 9.606809
MRU 47.666934
MUR 53.894966
MVR 18.34888
MWK 2071.536383
MXN 20.742444
MYR 4.678488
MZN 75.673253
NAD 18.968315
NGN 1657.879276
NIO 43.960717
NOK 11.448953
NPR 175.530934
NZD 1.971295
OMR 0.457938
PAB 1.194628
PEN 3.994189
PGK 5.113942
PHP 69.865996
PKR 334.192385
PLN 4.215357
PYG 8002.209077
QAR 4.355625
RON 5.095363
RSD 117.373237
RUB 90.539571
RWF 1743.046616
SAR 4.451618
SBD 9.556012
SCR 17.136845
SDG 713.89198
SEK 10.574663
SGD 1.508331
SHP 0.890441
SLE 28.870014
SLL 24887.532355
SOS 682.755826
SRD 45.160023
STD 24565.282435
STN 24.494931
SVC 10.452529
SYP 13125.994308
SZL 18.96052
THB 37.452649
TJS 11.152051
TMT 4.153955
TND 3.432432
TOP 2.857636
TRY 51.635564
TTD 8.111185
TWD 37.507823
TZS 3076.276554
UAH 51.202541
UGX 4271.044125
USD 1.186844
UYU 46.360015
UZS 14604.669895
VES 410.578618
VND 30777.24846
VUV 140.986971
WST 3.217275
XAF 655.824039
XAG 0.014548
XAU 0.000252
XCD 3.207506
XCG 2.153009
XDR 0.815617
XOF 655.810227
XPF 119.331742
YER 282.854672
ZAR 19.202781
ZMK 10683.018904
ZMW 23.444753
ZWL 382.163406
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • BCC

    0.5100

    80.81

    +0.63%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • BTI

    0.4600

    60.68

    +0.76%

  • CMSC

    0.0500

    23.76

    +0.21%

  • RELX

    -0.3700

    35.8

    -1.03%

  • RIO

    -4.1000

    91.03

    -4.5%

  • RYCEF

    -0.4300

    16

    -2.69%

  • GSK

    0.9400

    51.6

    +1.82%

  • NGG

    0.2000

    85.27

    +0.23%

  • BCE

    0.3700

    25.86

    +1.43%

  • JRI

    0.1400

    13.08

    +1.07%

  • VOD

    -0.0600

    14.65

    -0.41%

  • AZN

    0.1800

    92.77

    +0.19%

  • BP

    -0.1600

    37.88

    -0.42%

EU, Africa talks hone in on closer ties in Angola
EU, Africa talks hone in on closer ties in Angola / Photo: Ludovic MARIN - AFP

EU, Africa talks hone in on closer ties in Angola

European leaders sought to put some meat on the bones of pledges to boost ties with Africa on Tuesday as an Angola summit with their African counterparts entered its final stage.

Text size:

Migration, trade, and cooperation on global issues are on the agenda of the second day of EU-African Union talks in Luanda, which were partially overshadowed by a European scramble Monday to better the terms of a US plan to end the Ukraine war.

"Europe and Africa are pushing for a stronger multilateral order, one that protects the United Nations Charter, reinforces the rules-based approach, and brings stability and predictability to a world that urgently needs both," European Council President Antonio Costa wrote on X.

Marking 25 years of EU-African Union relations, the summit came on the heels of a G20 meeting in South Africa where a US boycott underscored geopolitical fractures.

"It is urgent that multilateralism be rescued," host Joao Lourenco told those in attendance on Monday, citing global tensions, with wars in Europe, Africa and the Middle East.

Africa was represented by the likes of South Africa's Cyril Ramaphosa, Kenya's William Ruto and Djibouti's Ismail Omar Guelleh.

Germany's Friedrich Merz, Poland's Donald Tusk, and Spain's Pedro Sanchez were among about a dozen EU leaders who flew in for the summit, where analysts said a good showing was key to signal Brussels meant business.

However, flight troubles grounded Denmark's Mette Frederiksen, Luxembourg's Luc Frieden and EU foreign policy chief Kaja Kallas, preventing their participation.

And some leaders including Merz, France's Emmanuel Macron and Italy's Giorgia Meloni flew out on Monday, skipping the last day.

- 'Right kind of investments' -

Leaders in attendance were keen to stress both continents have much to gain from a closer partnership.

"For our peace, security and wellbeing, cooperation between our continents is essential," said Dutch Prime Minister Dick Schoof.

Analysts have cautioned that actions need to follow words if Europe wants to hold on to its role as Africa's top partner.

The EU is the leading supplier of foreign direct investment to the continent and its top commercial counterpart.

Trade in goods and services hit 467 billion euros ($538 billion) in 2023, according to Brussels, which has sought to diversify trade away from the United States since tariff-happy Donald Trump returned to the White House.

Africa has emerged as a battleground for its critical minerals and energy potential, with China, the United States and Russia also seeking to foster stronger ties.

On Tuesday, the EU will seek to secure more help in tackling irregular migration and access to critical minerals needed for its green transition -- with African nations clamouring for investments that do not solely focus on extraction but create jobs and value locally.

To do that, Brussels is betting on its Global Gateway initiative -- a massive infrastructure plan it hopes can counter China's growing influence.

Host Angola is home to one of the EU's signature undertakings: the Lobito corridor, a railway project funded in partnership with the United States to connect mineral-rich areas of the Democratic Republic of Congo and Zambia to the Atlantic coast.

"This continent has everything it takes to deliver prosperity at home and to shape the global economy of tomorrow," European Commission chief Ursula von der Leyen told a business forum held in conjunction with the summit.

"The opportunities are clear. But realising them will require the right kind of investments."

(A.Berg--BBZ)