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 the strategic importance of the Lobito Corridor, which stretches from the Atlantic Ocean to the borders of Zambia and the Democratic Republic of Congo (DRC).
“The assessment is positive, especially because the Lobito Corridor occupies a strategic position, reaching from the Atlantic Ocean to Zambia and the DRC.
PDIC companies already trade small-scale products with these countries, demonstrating the potential for business,” Chilembe stated.
He noted the Central Plateau’s fertile areas capable of producing large quantities of agricultural products, which can be transported by train to the Development Pole.
The G7 funding could greatly boost these projects, enhancing the transformation capabilities of manufacturing units.
Chilembe also commended the government’s efforts, stating, “Our country has been recognized by major international powers for its commitment to rebuilding and becoming an attractive destination for tourism and investment.
We are a nation with values inherited from our ancestors, and we fight daily for its development and economic and social growth.”
He detailed that production units within PDIC are connected to neighboring countries, including those in the construction materials and food sectors. .
These connections are positive indicators of a serious industry capable of transforming raw materials into daily consumables.
Chilembe stressed the need for companies utilizing G7 funds to have a solid and efficient workforce to promote sustainable development along the Lobito Corridor.
Public servant Celestino Malungo highlighted the necessity of investing in technical and professional training to maximize the benefits of the allocated financing.
He argued that the lack of qualified labor poses a challenge, as new technologies require updated operational skills.
“The role of educational institutions, research institutes, NGOs, and companies, including family farming, must be aligned in terms of training,” Malungo said.
He emphasized the need for localities along the Lobito Corridor to invest in small factories to process surpluses from family farming, noting significant production in rural areas.
In summary, the G7 financing for the Lobito Corridor projects presents a significant opportunity for economic growth and development.
However, it requires a focused approach to reforms, strategic use of funds, and investment in training to ensure sustainable development and maximize the benefits for Angola and its neighboring countries.
