Angola looks for $4.5B in funding for Lobito Corridor rail extension

Angola looks for $4.5B in funding for Lobito Corridor rail extension

The Angolan government is seeking $4.5 billion in funding for an extension of the Lobito Corridor railway project to reach Zambia’s Copperbelt region. The request marks a significant increase from the previous $1.6 billion estimation by the African Development Bank (AfDB) in 2024, though the Africa Finance Corporation, which is overseeing the project, has avoided putting an official price tag on its development, Mining.com reported.Zambia and DR…

Zambia : Lobito Corridor key to economic transformation

Acting Secretary to the Treasury and National Authorising Officer of the European Development Fund, Mulele Mulele, has observed that the Lobito Corridor has an enormous potential to transform Zambia’s economy. Mr Mulele has however said the Lobito corridor development must remain balanced, inclusive, and environmentally sustainable. He noted that the corridor is expected to unlock […]