EU Praises Lobito Corridor as Flagship Global Gateway Initiative During First Certified Avocado Export Ceremony The European Union (EU) Ambassador to Angola, Rosario Bento Pais, has described the Lobito Corridor as one of the flagship initiatives of the EU’s Global Gateway strategy in Africa and a leading example of shared investment priorities. Speaking at the Port of Lobito during a ceremony marking the export of the first shipment of certified Angolan avocados to Rotterdam in
World Bank Commits USD 600 Million to Boost Economic Diversification and Urban Development Along Lobito Corridor Luanda — The World Bank will mobilize USD 600 million to support economic diversification, urban development, and housing initiatives along the Lobito Corridor, the institution’s representative, Roland Yameogo, announced on Tuesday in Luanda. Speaking on the second day of the 7th African Union–European Union Summit, Yameogo explained that the funding will be split evenly: USD 300 million for economic
Angola Signs Agreement to Boost Lobito Corridor as Regional Transport, Trade, and Logistics Hub Angola has taken a significant step in asserting its role as a key player in regional transport and trade, following the signing of an agreement on Monday in Luanda between the Angolan Government and the Lobito Corridor Transit Transport Facilitation Agency (AFTTCL). The agreement establishes the opening of a representation of the Agency in Angola. The signing ceremony was presided over
Zambia and EIB Deepen Cooperation to Boost Investment in the Lobito Corridor and Drive Regional Trade Growth Zambia has intensified its engagement with multilateral development partners, as Finance and National Planning Minister Dr. Situmbeko Musokotwane met with European Investment Bank (EIB) Vice President Karl Nehammer ahead of the Zambia–EU Lobito Corridor Business Forum, scheduled for 13–14 November in Lusaka. The high-level bilateral talks focused on unlocking new investment opportunities along the Lobito Corridor, a key
Angola Secures International Support for $4.5B Zambia-Lobito Rail Corridor to Boost Copper Trade Angola sought $4.5 billion in funding to construct an ambitious rail link to Zambia’s copper-rich region, Transport Minister Ricardo Viegas d’Abreu said. Italy committed $320 million to the project, while the African Development Bank pledged $500 million, d’Abreu told reporters Wednesday on the sidelines of a conference in Luanda, Angola’s capital. He also noted that the Egyptian government had recently expressed interest
Election Unrest in Tanzania Temporarily Halts Copper Exports, Forcing Rerouting to Durban, Walvis Bay, and Beira African copper shipments to China were disrupted by the temporary closure of the Port of Dar es Salaam in Tanzania following election-related unrest. Copper traders and producers in the Central African Copperbelt sought alternative routes for their cargoes, leading to congestion at other ports, including Durban in South Africa, according to multiple market sources. The closure also meant that
Congo launches Kalamba-Mbuji dry port project in Kasai-Central to strengthen Angola trade corridor The Office of Multimodal Freight Management (OGEFREM) has announced the start of preliminary construction work on the Kalamba-Mbuji dry port in Luiza territory, Kasai-Central province. Regional Director Matthieu Tshilumba Kalenga confirmed the development on October 16, 2025, following a meeting with Governor Joseph-Moïse Kambulu Nkonko, noting that funding for the initial phase is already secured. The first stage will involve constructing a
DRC requests $500M from World Bank to develop Lobito Corridor, boosting regional trade and infrastructure During the IMF and World Bank Annual Meetings, the Democratic Republic of Congo (DRC) Finance Minister, Doudou Fwamba, submitted a $500 million financing request to the World Bank to support the Lobito Corridor project. The Finance Ministry confirmed that the institution has agreed to review the proposal. In discussions with World Bank Managing Director for Operations Anna Bjerde, Minister Fwamba
DRC, Angola, Zambia, and European Union Partner to Boost Trade, Infrastructure, and Mining Value Chains Through Lobito Corridor On the sidelines of the Global Gateway Forum, the Democratic Republic of the Congo (DRC), Angola, and Zambia signed a landmark cooperation agreement with the European Union (EU) to accelerate the integrated development of the Lobito Corridor—a key initiative aimed at enhancing trade, transport infrastructure, and industrial competitiveness across Central Africa. The partnership was officially announced by
Lobito Corridor Project: DRC Pushes for Funding and Skills Development to Boost Regional Trade The Lobito Corridor project, an initiative championed by former U.S. President Joe Biden, aims to construct a railway connecting the Democratic Republic of Congo (DRC), Zambia, and Angola to the port of Lobito. Beyond exporting strategic minerals to the United States, the project seeks to open up Central Africa and strengthen regional trade. Although last September European Union and U.S. experts
