Press Release: European Commission pledges EUR115million for trade project in Eastern and Southern Africa

The European Commission pledged EUR115million for an ambitious project to improve infrastructure and remove regulatory barriers to trade in Eastern and Southern Africa. The North-South Corridor project is being driven by three of Africa’s main Regional Economic Communities – the Common Market for Eastern and Southern African (COMESA), the East African Community (EAC) and Southern African Development Community (SADC). EU Trade Commissioner Catherine Ashton represented the European Commission at a conference on the North-South Corridor in the Zambian capital of Lusaka. Other international partners supporting the project include the European Investment Bank, the World Bank, the African Development Bank and the UK government.