Category: Transport and Logistics

The president of the Board of Directors of Porto do Lobito EP, Celso Rosas, announced plans to forge new partnerships with international entities to secure additional financing and address developmental challenges facing the port. Rosas outlined these goals during a meeting in Lobito, Benguela province, with the team from the Committee for Foreign Affairs of the United States House of Representatives (HFAC). He expressed hope that the visit by the American deputies would validate the

Read More Here

Angola is leading efforts to transform the Lobito Corridor into a vital artery for regional trade, enhancing economic integration in Southern Africa. This large-scale infrastructure project, supported by the Angolan government and international partners, aims to connect Angola with the Democratic Republic of Congo (DRC) and Zambia, facilitating trade and fostering regional economic growth. Italy’s Contribution:Under Prime Minister Meloni’s Mattei Plan and PGI, Italy has committed $320 million in subsidies, equity, and debt capital. This

Read More Here

The Port of Luanda has earmarked approximately 800 million kwanzas to fund youth projects across various sectors, announced João Fernandes, the administrator for the Commercial, Sustainability, Compliance, and ICT Area, yesterday in Luanda. Speaking at the launch of the first social responsibility and sustainability program called “Ekanda,” Fernandes stated that the initiative will be rolled out in the 2024 financial year. He noted that the investment could increase depending on the specific needs of each

Read More Here

Osvaldo Mateus, president of the Association Núcleo dos Camionistas de Luanda (ANCL), has called on the government to provide institutional financing for acquiring new truck fleets, replacing those that are over 30 years old. In an interview with Jornal de Angola, Mateus highlighted that despite some ANCL members owning five to ten trucks, the majority of vehicles are over three decades old and in dire need of replacement. He emphasized the “notorious shortage of parts

Read More Here

China’s ambassador to Angola, Zhang Bin, emphasized the significant advantages the Caio Deep Water Terminal in northern Cabinda will bring to commercial relations between Angola, other African regions, and beyond. Speaking during his recent visit to the terminal’s construction site, Ambassador Zhang noted that the project would not only foster socio-economic development in Cabinda province but also enhance trade exchanges with various regions across the continent and globally. The diplomat expressed keen interest in the

Read More Here

The Moçâmedes Railway (CFM) incurred a loss of approximately 160 million Kwanzas (about $190,704) during a 31-day suspension of operations on the Huíla/Cuando Cubango section due to severe rains that washed away two hydraulic crossings. The flooding on February 3rd and 4th significantly damaged the railway infrastructure, destroying the hydraulic passages between the towns of Chanja and Olivença. Repairs, which took a month to complete, cost the public company based in Lubango around 100 million

Read More Here