US EditionAngola’s Lobito corridor upgraded
2 Articles
2 Articles
China, Europe and the United States are jostling in Angola, both for its oil and for the Lobito corridor megaproject. However, the country, led since 2017 by João Lourenço, struggles to carry out the reforms necessary to ensure growth and job creation, deplores activist and expert Rafael Marques.
Angola’s Lobito corridor upgraded
from OKORO CHINEDU in Lagos, NigeriaLAGOS, (CAJ News) – THE Africa Finance Corporation (AFC), a leading continental infrastructure solutions provider, has played a central role as Co-Financial Adviser alongside Eaglestone in securing a US$753 million financing package for the Lobito Atlantic Railway (LAR) in Angola. The railway concessionaire, Lobito Atlantic Railway SA, will use the funds to rehabilitate, upgrade, and operate the 1,300-kilometr…
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