Category: Transport and Logistics

The World Bank is preparing a $300 million project for the Lobito Corridor, according to Victoria Kwakwa, the institution’s Vice President for Eastern and Southern Africa. She emphasized that participating countries must create favorable conditions for foreign investment. “The three countries involved must also focus on improving connectivity. Each must establish conditions to boost trade, address regulatory barriers, and develop infrastructure that enhances regional connectivity. This will enable the region to become a hub of

Read More Here

Banco Sol has expressed interest in financing and supporting sustainable projects led by local entrepreneurs along the Lobito Corridor, the bank’s Executive Committee Chairman, Osvaldo de Lemos Macaia, confirmed on Wednesday in Benguela. Speaking to Jornal de Angola, Macaia emphasized the region’s economic potential and the government’s active efforts to attract investors to the Lobito Corridor. “For initiatives along the Lobito Corridor, Banco Sol will evaluate the projects and companies to assess how local entrepreneurs

Read More Here

The first batch of 275 new container wagons, purchased from South Africa’s Galison Manufacturing, has arrived in Lobito, Angola, to enhance the transport capacity of the Lobito Atlantic Railway (LAR). This strategic investment is part of LAR’s broader expansion and modernization plan, aimed at boosting railway infrastructure over the next three years. Arriving earlier last week, the new wagons are equipped with a modern pneumatic braking system and a lightweight steel structure, ensuring safer and

Read More Here

The USAID representative in Angola, William Butterfield, highlighted several challenges to the electrical interconnection of the Lobito Corridor with the Democratic Republic of Congo (DRC) and Zambia, emphasizing that government subsidies on electricity prices create significant barriers to private investment. “It presents a high barrier for private investment, but the Angolan government is implementing reforms to reduce these ineffective subsidies,” Butterfield stated in a press conference on Wednesday. The U.S. government, through Power Africa and

Read More Here

Africa Finance Corporation (AFC) has made significant progress on the Zambia Lobito Rail Project by signing concession agreements with the governments of Angola and Zambia. These agreements, finalized during a ceremonial signing on September 23, cover the financing, construction, ownership, and operation of the railway. t The event, hosted by U.S. Secretary of State Antony J. Blinken, coincided with the 79th session of the UN General Assembly (UNGA 79) as part of the Biden Administration’s

Read More Here

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

Read More Here

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

Read More Here

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

Read More Here