EU Increases Foreign Aid Linked to African Minerals

The Lobito Corridor, a 1,300km railway from Zambia to Angola, is being revived to transport copper, with plans to carry 1 million tonnes annually by 2030. The EU, alongside the US and other investors, is contributing €2bn as part of its new foreign aid strategy, aiming for sustainable development. However, concerns arise that this initiative echoes colonial-era practices and prioritizes geopolitical interests over local development. The EU’s shift in development aid reflects a more transactional approach, linking projects to strategic economic goals.

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