The Fort Worth Press - EU, Africa leaders to talk trade and minerals, as Ukraine looms large

USD -
AED 3.672504
AFN 66.379449
ALL 81.856268
AMD 381.460103
ANG 1.790403
AOA 917.000011
ARS 1450.462977
AUD 1.491335
AWG 1.80025
AZN 1.698291
BAM 1.658674
BBD 2.014358
BDT 122.21671
BGN 1.6605
BHD 0.377225
BIF 2957.76141
BMD 1
BND 1.284077
BOB 6.926234
BRL 5.521501
BSD 1.00014
BTN 89.856547
BWP 13.14687
BYN 2.919259
BYR 19600
BZD 2.011466
CAD 1.367605
CDF 2200.000277
CHF 0.788565
CLF 0.023065
CLP 904.839701
CNY 7.028499
CNH 7.00831
COP 3743.8
CRC 499.518715
CUC 1
CUP 26.5
CVE 93.513465
CZK 20.600098
DJF 177.720217
DKK 6.343725
DOP 62.690023
DZD 129.439714
EGP 47.548496
ERN 15
ETB 155.604932
EUR 0.84928
FJD 2.269206
FKP 0.741553
GBP 0.740975
GEL 2.68498
GGP 0.741553
GHS 11.126753
GIP 0.741553
GMD 74.502446
GNF 8741.153473
GTQ 7.662397
GYD 209.237241
HKD 7.776215
HNL 26.362545
HRK 6.397502
HTG 130.951927
HUF 330.13797
IDR 16729.15
ILS 3.186051
IMP 0.741553
INR 89.82965
IQD 1310.19773
IRR 42125.000032
ISK 125.698917
JEP 0.741553
JMD 159.532199
JOD 0.708958
JPY 156.016038
KES 128.949983
KGS 87.449982
KHR 4008.85391
KMF 417.999917
KPW 900.017709
KRW 1444.450346
KWD 0.30719
KYD 0.833489
KZT 514.029352
LAK 21644.588429
LBP 89561.205624
LKR 309.599834
LRD 177.018844
LSL 16.645168
LTL 2.95274
LVL 0.60489
LYD 5.412442
MAD 9.124909
MDL 16.777482
MGA 4573.672337
MKD 52.285777
MMK 2099.828827
MNT 3555.150915
MOP 8.011093
MRU 39.604456
MUR 45.94957
MVR 15.449981
MWK 1734.230032
MXN 17.93969
MYR 4.044952
MZN 63.909872
NAD 16.645168
NGN 1450.45006
NIO 36.806642
NOK 10.006865
NPR 143.770645
NZD 1.71416
OMR 0.384496
PAB 1.000136
PEN 3.365433
PGK 4.319268
PHP 58.787497
PKR 280.16122
PLN 3.579481
PYG 6777.849865
QAR 3.645469
RON 4.325201
RSD 99.566018
RUB 78.999707
RWF 1456.65485
SAR 3.750695
SBD 8.153391
SCR 15.233419
SDG 601.495856
SEK 9.171285
SGD 1.284155
SHP 0.750259
SLE 24.074983
SLL 20969.503664
SOS 570.585342
SRD 38.335501
STD 20697.981008
STN 20.777943
SVC 8.75133
SYP 11056.879194
SZL 16.631683
THB 31.069917
TJS 9.19119
TMT 3.51
TND 2.909675
TOP 2.40776
TRY 42.846198
TTD 6.803263
TWD 31.442297
TZS 2473.447014
UAH 42.191946
UGX 3610.273633
UYU 39.087976
UZS 12053.751267
VES 288.088835
VND 26320
VUV 121.140543
WST 2.788621
XAF 556.301203
XAG 0.013898
XAU 0.000223
XCD 2.70255
XCG 1.802508
XDR 0.691025
XOF 556.303562
XPF 101.141939
YER 238.449905
ZAR 16.667502
ZMK 9001.203383
ZMW 22.577472
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RYCEF

    -0.0300

    15.53

    -0.19%

  • NGG

    0.2500

    77.49

    +0.32%

  • BCE

    0.2800

    23.01

    +1.22%

  • RIO

    -0.0800

    80.89

    -0.1%

  • BCC

    1.4800

    74.71

    +1.98%

  • AZN

    0.3100

    92.45

    +0.34%

  • RBGPF

    0.0000

    81.26

    0%

  • VOD

    0.0400

    13.1

    +0.31%

  • GSK

    0.1100

    48.96

    +0.22%

  • CMSC

    0.0100

    23.02

    +0.04%

  • CMSD

    0.1200

    23.14

    +0.52%

  • JRI

    0.0600

    13.47

    +0.45%

  • RELX

    -0.0400

    41.09

    -0.1%

  • BP

    -0.2700

    34.31

    -0.79%

  • BTI

    0.2000

    57.24

    +0.35%

EU, Africa leaders to talk trade and minerals, as Ukraine looms large
EU, Africa leaders to talk trade and minerals, as Ukraine looms large / Photo: © AFP

EU, Africa leaders to talk trade and minerals, as Ukraine looms large

European and African leaders gather in Angola Monday for a summit aimed at deepening economic and security ties that will serve as a backdrop to emergency talks on Ukraine.

Text size:

France's Emmanuel Macron, Germany's Friedrich Merz and Kenya's William Ruto are among dozens of European Union and African leaders expected in Luanda amid a US-European rift over a Washington plan to end the Ukraine conflict.

Talks with African nations will centre on trade, migration and critical raw materials.

But EU minds will in part be focused on efforts to push back at a draft plan by US President Donald Trump to stop Russia's war in Ukraine, proposals initially seen as heavily tilted in favour of Moscow.

After top US and Ukrainian representatives met in Geneva on Sunday for talks on a new version of the proposal, EU leaders were to hold a "special meeting" on the sidelines of the Luanda gathering on Monday.

There is "still a lot of work to be done on the 28-point plan", Finnish President Alexander Stubb told AFP in Johannesburg on Sunday.

- 'Credible commitments' -

The seventh gathering of its kind, the two-day Angola summit comes on the heels of a G20 meeting in South Africa where a US boycott underscored geopolitical fractures.

It marks 25 years of EU-African Union relations -- ties that analysts say need revamping if Europe wants to hold on to its role as the continent's top partner.

Africa has emerged as a renewed diplomatic battleground, with China, the United States and Russia competing for its minerals, energy potential and political support.

The EU is the leading supplier of foreign direct investment to the continent and its leading commercial counterpart. Trade in goods and services hit 467 billion euros ($538 billion) in 2023, according to Brussels.

Yet it has suffered setbacks, at times fuelled by resentment at the West's colonial past, with China securing strategic resources in some countries and Russia taking over as preferred security partner in others.

The Gulf states and Turkey have also made significant inroads, granting African nations choice and bargaining power vis-a-vis the EU, said Geert Laporte of ECDPM, a European think tank.

"We don't have that situation anymore where Europe was the only partner," he said. EU capitals now need to come up with an "offer that is attractive enough to beat" the competition, he added.

That would require investments in infrastructure, energy and industrial projects that generate employment and economic growth in Africa -- and a move away from lofty statements of support, observers say.

"Africa is looking not for new declarations but for credible, implementable commitments," said AU spokesman Nuur Mohamud Sheekh.

- Minerals and credibility -

Tackling illegal migration to Europe and security cooperation are on the agenda, as is a diplomatic push to grant Africa a stronger voice in global governance bodies.

But boosting trade will likely be the top priority, as US tariffs buffet both continents.

The EU is expected to offer its expertise to help build up intra-African trade, which currently accounts for a paltry 15 percent of the total, diplomats said.

It will also seek to secure critical minerals needed for its green transition and ease its dependency on China for rare earths, essential for tech and electronic goods.

The 27-nation bloc will likely showcase new investments under the Global Gateway -- a massive infrastructure plan that Brussels hopes can counter China's growing influence.

Summit-host Angola is home to one of the EU initiative'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.

EU diplomats have been at pains to present such projects as win-wins but critics retort that the scheme repeats some extractive colonial practices and has yet to deliver significant improvements for local communities.

"Investment must move from PowerPoint to the factory floor," said Ikemesit Effiong, of the Nigeria-based consultancy SBM Intelligence.

"Europe's credibility now depends on whether it can support the delivery of projects that create value in Africa, not just visibility for Brussels."

M.T.Smith--TFWP