LAR Consortium Ships First Copper Load from Angola’s Lobito to the U.S.

The LAR – Lobito Atlantic Railway consortium announced on Friday the successful shipment of its first copper load from the Port of Lobito to the United States. The copper was transported on the container ship MSC SAMU, marking a significant milestone since the consortium took over the Lobito Corridor concession in January 2024. Prior shipments have already been made to ports in Europe and the Far East. According to a statement from LAR, the copper

Loading

Read More Here

INFOTUR Leverages Lobito Corridor to Boost National Tourism

The Institute for Tourism Promotion (INFOTUR) plans to capitalize on the Lobito Corridor to enhance national tourism, announced the General Director, Lukeni Araújo, in Luanda. During the operation of the Rovos Rail luxury train this month, which travels between Lobito, Angola, and the Democratic Republic of Congo (DRC) after originating in Dar es Salaam, Tanzania, a total of 124 tourists were transported—60 entering Angola and 64 leaving. Araújo emphasized that INFOTUR’s primary mission is to

Loading

Read More Here

Benguela Railway to Restore Regular Train Services by November 2024

The Benguela Railway (CFB) has announced plans to resume regular train services between October and November 2024, addressing current limitations on seating capacity caused by technical issues. In a statement issued to Jornal de Angola, CFB apologized for the disruptions affecting daily rail transport for users in the provinces of Huambo, Moxico, Bié, and Lundas Norte and Sul. The reduction in seating has significantly impacted communities along the railway line connecting Benguela province to Luau

Loading

Read More Here

The Strategic Importance of the Lobito Corridor for Angola’s Economic Growth

The efficient operation of the Lobito Corridor is poised to significantly boost Angola’s economy by accelerating the export of ornamental rocks from the southern region to global markets, according to economist and researcher Agostinho Mateus from the Technical and Economic Research Center of the Lusíada University of Angola (CINVESTEC). Mateus emphasized the Lobito Corridor as a “strategic infrastructure” crucial for Angola’s economic development. He highlighted its role in facilitating international trade, driving regional economic growth,

Loading

Read More Here

Angolan Development Plan Focuses on Enhancing the Lobito Corridor

The operationalization of the Lobito Corridor, and the integration of the Benguela Railway (CFB) with the Luanda Railway (CFL) and Namibe Railway (CFN) via branch lines, represents a cornerstone of Angola’s National Development Plan (PDN). This plan aims to diversify the country’s revenue sources and improve citizens’ quality of life. This perspective was shared by economists, businesspeople, and academics interviewed by Jornal de Angola, six months after the consortium of Transfigura, Mota Engil, and Lobito

Loading

Read More Here

Angolan Ambassador Invites Investment in Lobito Corridor at Cape Town Forum

The Angolan ambassador to South Africa, Rui Orlando, last week invited international investors to invest in infrastructure projects in the Lobito Corridor, Benguela, to drive economic growth in Angola and the region. This call to action was made during the 8th International Infrastructure Forum in Africa, organized by Infrastructure Africa in partnership with the African Infrastructure Association and the African Union Development Agency (AUDA-NEPAD). Speaking at one of the forum’s panels at the Cape Town

Loading

Read More Here

Transforming Bié: The Economic Potential of the Lobito Corridor

The business sector in Bié province is optimistic about investments along the Lobito Corridor, particularly in the Benguela Railway (CFB). These developments are expected to enhance agricultural production and facilitate the transport of goods to Zambia and the Democratic Republic of Congo (DRC). Farmer Manuel Maia, who operates several agricultural projects in Cunhinga, believes the Lobito Corridor will significantly boost his investments and strengthen local agriculture. He plans to leverage this route to expand his

Loading

Read More Here

Lobito Port Welcomes First Major Shipment to Support DRC Mining Operations

The Port of Lobito Mining Terminal in Benguela welcomed its first large cargo ship on Friday, loaded with 40,500 tons of sulfur to support mining activities in the Katanga area of the Democratic Republic of Congo. According to a press release, the bulk cargo transport ship MV Lindsaylou’s arrival marks the start of port operations by Lobito Atlantic Railway (LAR), the concession company for the Lobito Corridor. The ship was loaded in Qatar and embarked

Loading

Read More Here

G7 Investment Set to Transform Angola’s Lobito Corridor

Luciano Chilembe, the financial administrator of the Catumbela Industrial Development Pole (PDIC), expressed satisfaction with the recent $320 million financing provided by the Group of Seven (G7) richest countries for projects in the Lobito Corridor. This funding is expected to significantly enhance the region’s infrastructure and economic potential. Chilembe emphasized the critical work ahead in the transport sector and the need for a focused approach to consolidate reforms in agro-industry and related services. He highlighted

Loading

Read More Here

Angola-Zambia Road Project to Boost Trade and Economy in Eastern Angola

Economists and business leaders in Lunda-Norte believe that the construction of a road connecting Angola and Zambia, part of the Lobito Corridor initiative, will significantly enhance the flow of goods and services between Angola’s eastern provinces and the country’s coast. The project involves constructing an approximately 800-kilometer road from Lobito (Benguela) to Luau (Moxico) on the Angolan side. companies, including a consortium like SIbitech and Queiroz Galvão, as well as AFAVIAS, are involved in the

Loading

Read More Here