"It comes after German President Frank-Walter Steinmeier paid a visit to Angola just weeks ago to sound out investment opportunities, with Germany seeking to broaden its partnerships in Africa after turning away from Russian oil and gas in the wake of the full-scale invasion of Ukraine. Angola is an energy giant and logistics hub, and Steinmeier was direct in Germany's aims during the trip."
"High-level visits to Luanda continued following Steinmeier's visit, with dignitaries from around the world flying in on November 11 to join Angola's 50th independence anniversary celebrations. "One of the key priorities of President Joao Lourenco's leadership as acting president of the African Union is infrastructure financing. This is critical," said Ricardo Viegas D'Abreu, Angola's transport minister, pointing to his country's need for more cash injections in return for whatever favors might be tabled by its partners."
Approximately 47 heads of state and government will convene in Luanda on November 24-25 for the seventh African Union–European Union Summit to deepen cooperation. German President Frank-Walter Steinmeier visited Angola weeks earlier to explore investment opportunities as Germany seeks new partners after reducing reliance on Russian oil and gas. Angola serves as an energy giant and logistics hub and has signaled a desire to diversify its economy. High-level visits around Angola's 50th independence anniversary reinforced international interest. Angola prioritizes infrastructure financing, with the Lobito Corridor rail link aiming to connect Angola, the Democratic Republic of Congo and Zambia to mineral-rich regions.
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