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Category: Transport and Logistics

Local Economy News Transport and Logistics

Angola and US Sign Financing Agreements for Lobito Corridor Development

Angola and the United States of America inked financing agreements worth $1.3 billion in Dallas on Tuesday for the development of the Lobito Corridor, a key beneficiary of the Global Investment and Infrastructure Partnership (PGI). The signed documents, exchanged between Angolan Finance Minister Vera Daves and Reta-Jo Lewis, President of the US Export-Import Bank (EXIM Bank), will fund three infrastructure projects associated with the Lobito Corridor. Additionally, they target investments in clean energy, connectivity, radio

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Local Economy News Transport and Logistics

USAID Invests $5 Million in Women’s Projects Along the Lobito Corridor

The United States Agency for International Development (USAID) has announced a $5 million investment in projects benefiting women along the Lobito Corridor, aiming to uplift communities and combat poverty. Samantha Power, the administrator of USAID, visited Benguela and Lobito to underscore the impact of ongoing programs in the region, particularly in agriculture, which are expected to alleviate hunger and poverty for thousands of people. She highlighted the expansion of the Women in Angolan Agriculture (WAF)

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Local News Transport and Logistics

AGL Logistics Launches Operations at Lobito Terminal in Angola

Africa Global Logistics (AGL) has inaugurated operations at the AGL Lobito Terminal, a versatile container and bulk goods facility situated within Angola’s Port of Lobito. This development follows AGL’s successful bid secured through an international tender process in October 2023. The terminal, with its impressive capacity to handle over one million tons of bulk goods and accommodate 100,000 TEU containers annually, marks a significant milestone in enhancing trade connectivity and logistics efficiency in the region.

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Local News Transport and Logistics

Lobito Corridor attracts financial aid to 370 companies

The “Diversifica Mais” initiative, launched by the Ministry of Planning in Luanda, aims to drive economic diversification and job creation along the Lobito Corridor. This project is set to support 370 companies operating within the corridor, while offering technical assistance to an additional two thousand enterprises. Led by project director Laércio Cândido, Diversifica Mais aims to increase private investment and foster growth among micro, small, and medium-sized enterprises. With a projected timeline extending until 2029,

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Local Infrastructure News Transport and Logistics

U.S. Celebrates Progress of Lobito Rail Project

U.S. Secretary of State Antony Blinken commended Angola for the advancement of the Lobito Corridor – a strategic infrastructure project connecting the Central African copperbelt region to Angola’s Port of Lobito. During a visit to the country, Blinken highlighted that the corridor’s expansion would not only secure critical minerals supply chains for the U.S. but also stimulate investments in telecommunications, agriculture, and other sectors across Africa. He remarked that he “had a chance to see

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Mining Local News Oil Transport and Logistics

Lobito Corridor and Sonangol Could Create New Opportunities in Sustainability for Westerners

Access to charging stations is not the only factor limiting the wide-spread adoption of electric vehicles in the United States. Experts are concerned that, in the coming years, EV sales could be further dampened by the diminishing supplies of a material most Americans have thought little about since high school chemistry: cobalt.  A heavy metal found primarily in central Africa, cobalt is an essential component of the batteries used to power electric vehicles. And for

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Local News Transport and Logistics

Port of Lobito Records Improved Ship Movements

Angola’s second largest port, the Port of Lobito, has recorded an increase of 7.57% in ship movement since 2022, with 351 ships docked at the port handling 1,332,451 tons of cargo in 2023. Announced by Celso Rosas, Chairman of the Board of Directors of the Port of Lobito, it was highlighted that the port collected revenues of more than $16.6 million in 2023. Despite an increase in ship movements, however, the Port of Lobito recorded

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