Africa Finance Corporation and Italy Forge $320 Million Transport Deal

Africa Finance Corporation and Italy Forge $320 Million Transport Deal

Africa Finance Corporation and Italy Forge $320 Million Transport Deal In a significant move to boost infrastructure in Africa, the Lagos-based Africa Finance Corporation (AFC) has announced a forthcoming $320 million agreement with Italy. The funding will partially go towards creating a new transport corridor connecting precious mineral fields to an Angolan port, as confirmed by the AFC's chief executive, Samaila Zubairu.Owned by African centra…

Angola’s Infrastructure Revival: How Railways, Ports, and Innovative Cities Are Shaping Regional Change | THE TIMES OF AFRICA

Angola is making major investments in infrastructure, with a strong focus on cross-border railways, modernizing ports, and developing smart cities, which are all designed to increase regional trade and facilitate urban growth. Cross-Border Railways: Strengthening Regional ConnectionsThe Lobito Corridor is recognized as a significant undertaking designed to link the Atlantic port of Lobito in Angola with the Democratic Republic of Congo and Zambi…

Africa Finance Corp to sign $320M deal with Italy for Lobito Corridor

The Africa Finance Corporation (AFC) will sign a $320 million financing deal with Italy to help fund the Lobito Corridor, a key infrastructure project linking mineral-rich regions in central Africa to the Angolan coast, the AFC’s chief executive said Thursday. Samaila Zubairu, head of the Lagos-based institution, told Reuters that the Italian-backed funding will partly support the U.S.-endorsed Lobito rail and road project, which connects the At…