AFC Secures $753m Financing For Angola’s Lobito Atlantic Railway
AFC Secures $753m Financing For Angola’s Lobito Atlantic Railway
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WATCH | Trains through Angola’s Lobito corridor suspended due to floods
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President Biden visits Angola to promote a $550M US-backed railway project. The Lobito Corridor connects Congo’s mineral-rich regions to global markets, boosting trade with the West. | Al Jazeera English
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President Biden visits Angola to promote a $550M US-backed railway project. The Lobito Corridor connects Congo’s mineral-rich regions to global markets, boosting trade with the West. | Al Jazeera English
21.5K viewsDec 5, 2024
FacebookAl Jazeera English
Angola has secured $753 million to upgrade the Lobito Atlantic Railway, transforming one of Africa’s most strategic trade corridors. Beyond copper and cobalt exports, the real story is downstream value: logistics, manufacturing, regional integration and AfCFTA-enabled industrialisation across Angola, the DRC and Southern Africa. This episode of Africa in 60 Seconds breaks down why the Lobito Corridor matters for Africa’s economic future. | The Southern African Times
1:57
Angola has secured $753 million to upgrade the Lobito Atlantic Railway, transforming one of Africa’s most strategic trade corridors. Beyond copper and cobalt exports, the real story is downstream value: logistics, manufacturing, regional integration and AfCFTA-enabled industrialisation across Angola, the DRC and Southern Africa. This episode of Africa in 60 Seconds breaks down why the Lobito Corridor matters for Africa’s economic future. | The Southern African Times
16 views4 months ago
FacebookThe Southern African Times
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Last week, I visited Luacano in Angola’s Moxico Leste Province—where the Zambian leg of the planned railway line is set to begin, linking directly to Chingola and Zambia’s rail network. Standing on the ground where the project will start, we discussed the future and proposed twinning Luacano and Chingola—two towns set to grow together under the Lobito Corridor. From vision to reality. From plans to progress. — Rev. Dr. Elias Munshya Ambassador of the Republic of Zambia to the Republic of Angola
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Angola uses the Lobito corridor as a vehicle for investment and growth
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