Angola Seeks Private Sector Support to Expand Electrification and Boost Economic Corridors

The Angolan government has reaffirmed its commitment to increasing the country’s electrification rate by fostering public-private partnerships, with strategic backing from the World Bank (WB). Finance Minister Vera Daves highlighted this objective during the ANSA constituency technical meeting — comprising Angola, Nigeria, and South Africa — held with World Bank partners on the sidelines of the Spring Meetings of the WB and International Monetary Fund (IMF) in Washington, D.C. Minister Daves stated that the government

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EU Highlights Lobito Corridor’s Role in Boosting Trade and Youth Opportunities in Southern Africa

The Lobito Corridor can strengthen trade and investment opportunities for Angola, Zambia, and the Democratic Republic of Congo, said the European Union (EU) Ambassador to Angola, Rosário Bento Pais, on Thursday in Luanda. Speaking at the launch of four EU-funded youth entrepreneurship projects in Luanda, the ambassador emphasized that the corridor has the potential to drive economic diversification and create job opportunities for young people across Angola, Zambia, and the DRC. She noted that the

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AD Ports Group Awards Contracts for $250M Luanda Port Modernization

AD Ports Group has awarded contracts to Mar Construction Civil & Obras Publicas and Dar Al-Handasah Consultants Shair & Partners for the modernization of the Noatum Ports Luanda Terminal in Angola. Mar Construction will be responsible for designing and building both the topside and marine infrastructure, while Dar Al-Handasah will manage the project and oversee construction supervision. Launched on January 30, 2025, the upgrade aims to transform the terminal into a state-of-the-art facility handling general

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Angola Launches Port Terminal Tenders to Boost Maritime Trade and Connectivity

The Angolan government has opened tenders for the concession of maritime passenger and cargo terminals at the ports of Cabinda and Soyo, in a strategic move to enhance regional logistics and stimulate economic growth. The 20-year concession contracts will cover the management, operation, and maintenance of the two terminals, with the goal of strengthening coastal shipping (cabotage), improving transport efficiency, and creating employment opportunities. Positioned as vital gateways for maritime and river trade in northern

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U.S. Reaffirms Commitment to Lobito Corridor Investments

The United States has reaffirmed its commitment to continuing investments along the Lobito Corridor, confirmed the U.S. Chargé d’Affaires in Angola and São Tomé and Príncipe during his visit to Huambo on Tuesday. James Story, after meeting with Governor Pereira Alfredo, stated that his three-day visit to the Lobito Corridor projects is part of an initiative that includes 16 ambassadors from various countries. This visit aims to demonstrate the U.S. government’s commitment to supporting the

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Lobito Corridor and EU-Africa Cooperation Take Center Stage at Rome Conference

Luanda – The strategic importance of the Lobito Corridor and enhanced cooperation between Africa and the European Union (EU) were key topics at the EU high-level conference held this week in Rome, Italy. The event aimed to strengthen ties between African nations and the EU. Under the theme “The Mattei Plan for Africa and the EU’s Global Gateway: A Common Effort with the African Continent,” the conference brought together political leaders and private sector representatives

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Diamantino Azevedo and Afreximbank Director Discuss Strategic Projects Including Lobito Corridor

On Monday, Diamantino Azevedo, Angola’s Minister of Mineral Resources, Oil, and Gas, and Eric Monchu Intong, Director of Regional Operations and Head of Mission for Anglophone West Africa at Afreximbank, met to discuss several key projects aimed at supporting the Angolan economy. The focus of the meeting included the Lobito Corridor, the Amufert fertilizer factory, and other mining and oil initiatives. Intong emphasized Angola’s role as current chair of the African Union and highlighted the

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Lobito Corridor: Key to Angola’s Economic Development and Investment Opportunities

The Lobito Corridor is currently a major infrastructure route that handles large volumes of goods for export and domestic use. This was highlighted by the Chairman of the Board of Directors of the Port of Lobito, Celso Rosas, who spoke to the press recently in Huambo, during the 1st Investment Opportunities Forum along the Lobito Corridor, which took place last Friday. He noted that the effects of the Lobito Corridor are evident, with significant quantities

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Huambo Province Hosts Investment Opportunities Forum Along the Lobito Corridor

The Huambo province hosted the Investment Opportunities Forum along the Lobito Corridor on the 21st of the month. The event, held at the Journalist Training Center (CEFOJOR) in Huambo, provided participants with the opportunity to learn how the Lobito Corridor could drive business in sectors such as Transport, Energy, Trade, Industry, and Agriculture. Also known as the Benguela Railway (CFB), this transportation route represents a vital connection between inland Africa and the Atlantic Ocean, including

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Minister Ricardo Dismisses Claims of U.S. Withdrawal from Lobito Corridor Funding

Angola’s Minister of Transport, Ricardo d’Abreu, has refuted circulating reports claiming that the United States has withdrawn funding for the Lobito Corridor. Speaking to Angop on Friday in Huambo during the Investment Opportunities Forum along the Lobito Corridor, d’Abreu clarified that the project is being developed through private investment by its concessionaire and shareholders. “Funding for the Lobito Corridor is not solely dependent on the United States,” he emphasized. He recalled that former U.S. President

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