EconomyLens.com
No Result
View All Result
Tuesday, November 25, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Other

EU, Africa pledge to boost trade, tackle migration at summit

Natalie Fisher by Natalie Fisher
November 25, 2025
in Other
Reading Time: 7 mins read
A A
0
19
SHARES
235
VIEWS
Share on FacebookShare on Twitter

The EU is the leading source of foreign direct investment to Africa. ©AFP

Luanda (Angola) (AFP) – European and African leaders committed to strengthening trade and better tackling irregular migration Tuesday, at the end of a summit aimed at boosting ties between the two continents. Two days of talks in the Angolan capital Luanda produced a wide-ranging declaration that nodded to Europe’s desire to secure critical minerals and Africa’s thirst for jobs and economic growth.

Related

EU, Africa pledge to boost trade, tackle migration at summit

EU gives Germany free pass over defence spending

Serbia’s sole refinery faces shutdown after US sanctions

Stocks diverge tracking Fed rates outlook, tech rebound

Stock markets advance as odds for another Fed rate cut grow

“Africa is rich in natural resources. Resources that are essential for the dual energy and digital transition,” European Council President Antonio Costa said in closing remarks at the European Union-African Union summit. “But its greatest wealth…is its human capital and its youth,” he told delegates, adding it was key to develop “value chains” that supported employment on the continent.

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. 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 crucial to signal Brussels meant business. Africa was represented by the likes of South Africa’s Cyril Ramaphosa, Kenya’s William Ruto, and Djibouti’s Ismail Omar Guelleh.

But the gathering was partially overshadowed by a European scramble to better the terms of a US plan to end the Ukraine war, with EU leaders huddling for an impromptu meeting on Monday. Flight troubles kept Denmark’s Mette Frederiksen, Luxembourg’s Luc Frieden, and EU foreign policy chief Kaja Kallas from the summit. And leaders including Merz, France’s Emmanuel Macron, Italy’s Giorgia Meloni, and European Commission President Ursula von der Leyen flew out on Monday, skipping the last day.

“The summit has been mostly perfunctory,” with “many statements that Africa-Europe partnership is in the highest priority,” said Alex Vines of the European Council on Foreign Relations. “The focus on Ukraine by Europeans is a reminder that it is not,” he said. Still, Portugal foreign minister Paulo Rangel told AFP the fact that so many had travelled to Luanda sent a strong signal, describing the summit as a “success.” “There is an impulse that is quite clear,” he said, praising the agreements on mobility and migration. “Africa and Europe, if they want to be players on the global stage…they have to cooperate.”

Marking 25 years of EU-AU relations, the summit came on the heels of a G20 meeting in South Africa where a US boycott underscored geopolitical fractures. These were pointed at in a 10-page joint declaration that decried “increasing uncertainty in trade policies and tariff volatility” as “a challenge for the world economy.” With both sides hit by US tariffs and Europe seeking to reduce its dependency on China for rare earths, leaders committed to strengthen trade and diversify and secure global supply chains, with a specific reference to “strategic and critical minerals.”

African nations clamouring for investments that generate local value and not just resource extraction won a pledge from Europe to support them to “develop, industrialise, diversify exports, and integrate into regional markets.” To that end, 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.

“We now have something very concrete to offer. That’s what we lacked in the past,” said European Parliament Vice-President Younous Omarjee. Europe was also promised help in tackling irregular migration and improving the return of failed asylum seekers to their country of origin — a common gripe in much of the 27-nation EU. And both parties called for an immediate cessation of hostilities in Sudan, condemning “the atrocities committed in El-Fasher,” the town recently seized by the paramilitary Rapid Support Forces.

© 2024 AFP

Tags: Africamigrationtrade
Share8Tweet5Share1Pin2Send
Previous Post

EU gives Germany free pass over defence spending

Next Post

US retail sales lose steam, consumer confidence falls as costs bite

Natalie Fisher

Natalie Fisher

Related Posts

Other

Asia markets advance as odds for another Fed rate cut grow

November 24, 2025
Other

US stocks rise again on AI rebound, revived Fed rate-cut hopes

November 25, 2025
Other

Rising from the ashes: Mogadishu’s building boom

November 23, 2025
Other

Rhino horn sales, shark protection on wildlife talks agenda

November 25, 2025
Other

Despite doubts over economy, Americans set for record holiday spending

November 24, 2025
Other

Amazon climate deal a ‘win’ for global unity but fossil fuels untouched

November 22, 2025
Next Post

US retail sales lose steam, consumer confidence falls as costs bite

US retail sales lose steam, consumer confidence falls as costs bite

EU, Africa pledge to boost trade, tackle migration at summit

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

New York ruling deals Trump business a major blow

79

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US retail sales lose steam, consumer confidence falls as costs bite

November 25, 2025

EU, Africa pledge to boost trade, tackle migration at summit

November 25, 2025

EU gives Germany free pass over defence spending

November 25, 2025

EU gives Germany free pass over defence spending

November 25, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.